Among all the industries where technology has become a defining factor and is taking the industry by storm, the financial services industry is facing a hurricane. Among all the technologies that are shaking up the financial world, the one that is bringing in the most significant transformations across the board is mobility. The financial organisations… Continue reading How Mobility is Transforming Financial Services?
In the past few decades, Data Warehouse had been blazing trails and today it is Big Data that is the latest revolution in technology. One question that is often being asked is whether Big Data will replace Data Warehousing. Image Source : https://vmokshagroup.com/business-intelligence-and-data-warehousing/ Though both Big Data and Data Warehousing have similarities, they are two… Continue reading Busting the Myth | Big Data Replacing Data Warehouse
Core banking transformation is kicking up a storm across the globe. With technology changing rapidly, Core Banking System renewal, which earlier was done once in every six to eight years, is becoming more frequent and considered the need of the hour. Core banking transformation is, of course, a complex procedure. Successful transformation considers the fundamental… Continue reading The inside story on transforming core banking systems
What is Cheque Truncation System? Cheque Truncation System (CTS) is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for quicker cheque clearance. As the term proposes, truncation is the course of discontinuing the flow of the physical cheque in its way of clearing. Instead of this an electronic image of the… Continue reading What is Cheque Truncation System? CTS Benefits and Highlights of CTS Check
The new Digital Banking may be observed as acceptance of various prevailing and developing technologies by the banks, in concern with related changes in internal operations as well as external interactions for providing greater customer services and experiences efficiently and professionally. The newer technologies incorporated by financial institutions are making them increasingly vulnerable to numerous… Continue reading How digital banking is transforming fraud detection?
Many people in India still do not have the adequate footprint of financial data due to lack of bank accounts and channels for the payment / repayments. In such scenario it becomes important to create alternate ways of credit scoring. Due to the explosion of the new age platforms such as Mobile, Smart Phone, Facebook,… Continue reading NBFC: Credit scoring on the basis of non-financial data
Customers today have high expectations of a flawless experience, enhanced efficiency and sharp responsiveness while interacting with a bank. Customer on-boarding, other than welcoming a new customer, is an opportunity to gather relevant information and learn about the customer and their concerns and interests. The first step towards improving customer experience is a fully digital… Continue reading Customer on-boarding and origination in a digital world | Blog | Nelito