The banking industry has been experiencing major shifts when it comes to technology and financial analysts have been continually debating over the most promising upcoming trends in banking. Emerging technologies like Artificial Intelligence, IoT and others are redefining how banks provide services to their customers. Let us identify a few latest trends in the banking…
Core banking solutions have been around for several years and have become a “core” of operations for financial institutions in real terms. While the legacy systems dating back to the 1970s have helped form a foundation of traditional banking, the transformation of these systems today has become the need of hour. Updating to modern CBS…
The modern-day customers are inclining towards the online banking channels more than ever. According to a study conducted by Gallup, nearly 56% of banking customers (i.e. 6 out of 10) prefer a digital relationship with their bank over a physical one. While banks have been striving hard to expand their digital channel, they struggle to…
In the race for becoming the next superpower, India has been proactive in redefining the way ahead – particularly in the financial services sector. For over 200 years, India has been building a formal banking system to cater to dynamic needs of people. However, the hard fact is that the unbanked (or under-banked) populations still…
The year 2017 has been full of exciting product releases, events and surprises from Sesame. Before we bid adieu to 2017, one of the most exciting announcements is latest updates in – Sesame’s Mobile Banking App, MyBank. The new version of MyBank comes with some exclusive features: Multi-lingual UI Customers can now select their preferred…
Ever since the news of linking bank accounts with Aadhar number has been going around, there has been much to debate about. A petition for stay was put up before the Supreme Court of India against the mandate, but the plea has been duly rejected. The deadline to link bank accounts with UIDAI is extended…
Cryptocurrency, Bitcoin and Blockchain are the biggest buzzwords of the year 2017. While people identify cryptocurrency as some form of digital money, most do not really understand the concept in its entirety. To add to the misery, any web search of these words only lands us in an ocean of confusion with cryptic terminologies and…