Lately, we have observed a major shift in the banking and financial services assiduity. With the arrival of new technologies for example, as the internet of things (IoT), artificial intelligence (AI), and mobile banking, we’re seeing a major transformation in the way that banks operate. This is especially true in the area of client service, where banks…
Benefits of Generative AI in Banking and Use Cases
The banking assiduity is no foreigner to technological dislocation, and generative AI in banking is the rearmost transformative force to emerge. Generative AI, an advanced machine learning technology able of assaying big quantities of data and producing unique perceptivity and content from it. It allows bank managers to make informed opinions, give substantiated services, assess…
How Blockchain Could Disrupt the Banking and Finance Sector?
Blockchain is disrupting everything ranging from payment transactions to how money is raised up in the private market. Will the conventional banking industry hold this technology or be swapped by it? Let us find out as blockchain in the banking and finance sector is disrupting the old-fashioned routines. A blockchain is a decentralized, unchangeable database…
Digital Transformation Examples in Banking
Digital transformation in banking is not just an alteration; it is far beyond just moving from the conventional to a digital world. The whole concept of digital transformation strategy in banking is a crucial process of how banks and financial institutions are analyzing, interacting, and satisfying their customers. The fundamental approach of digital transformation in banking…
Use of RFID Technology in Banking Industry
The adoption of radio frequency identification (RFID) technology in the banking industry is growing at a steady rate. This growth is being driven by the increasing demand for transparency and efficiency, as well as cost savings opportunities that RFID brings to organizations. Let’s begin! Table of contents Introduction What is RFID Banking? How RFID Helps…
Why Banking Sector Needs Cybersecurity?
Techniques that help the various digital components, data, networks to get secure from uncredited digital access are cybersecurity. There are multiple ways to implement cyber security depending upon the kind of network you are connected to and the type of cyber-attacks you are prone to. The Various Types of Cyberattacks: 1. Malware Attack: One of…
How Mobile Application Transforming the Banking Sector?
In the near future banks will be invisible, banking will be more intertwined in the lives of consumers than ever before. Accessing banking services anytime anywhere without the need to queue in the bank. Banking will be in the palm of your hand, travelling smarter with a cashless multi-currency exchange, mobile payment and more through…
Cybersecurity in Banking and Financial Sectors
Cybersecurity is not just a technology but is the ultimate jurisdiction for survival on the internet. The technology acts as a shield for every business and helps them conduct their operations online and offline, both safely and securely. Although the tech is important for every organization, but banking is one sector that cannot exist without…
The Importance of Cybersecurity in Banking
Cybersecurity is important for any profit or non-profit organization, it matters for every business. But, for banks, they carry vital information about their customers, so the stakes are even higher. Financial institutions carry some very important data and criminals know it. So it becomes imperative for banks and financial institutions to have a robust cybersecurity…
