Driving business agility for global banking and fintech leaders

The banking industry is probably one of the most dynamic modern industries in terms of its flexibility in adopting digital technology. In the last few years, the banking industry has successfully adopted several digital solutions and has improved its ability to serve customers and the community. Today, almost every commercial bank has undergone a digital transformation, at least to some extent. Digital transformation has not only helped banks improve their operational activities but has also significantly enhanced its value in the market. As a result, banks that want to make a difference amidst the competition of the commercial banking market are preparing themselves to incorporate innovative customer-oriented banking technology . A few of the most innovative trends adopted by leading banks are as follows: One-click UPI The introduction of Unified Payment Interface (UPI) technology was a revolutionary banking technology in the world of banking. Regulated by the Reserve Bank of India, ...

The banking industry has witnessed tremendous growth in terms of technological upgrades since the beginning of the current millennium. If you compare the quality of banking services of even a decade ago with that of present times, you will be amazed at the differences brought in by technology. It would not be an exaggeration to state that digital technology has revolutionized the way customers interact with the banking mechanism and the way bank personnel lend their services. There was a time when the simplest of banking activities demanded that the customer stood in the queue for a significant amount of time and deal with banking personnel at a personal level. Today, almost every banking activity can be done through a mobile application. Banking applications have become so advanced that complex processes can be handled with convenience. The role of core banking technology is worth mentioning in this regard. Core banking technology has facilitated banks to consolidate all their banking...

The last few decades have witnessed a phase of change in the commercial banks of the country. Digital methodologies have revolutionized the financial districts and have led to major changes in the banking sector. These advanced sectors intend on providing services through new digital mediums to ensure that the customers are satisfied. This forward thinking mentality of the financial outlets was seen in the way that they enlarged their capability in the in-house sectors. The first phase of integration led digital technology to be distributed across every influential sector of the business. This embracing of technology brought about certain change, regarding how the business would operate as well as the way in which it would deliver value to its customers. The impact of this can be seen in things like a reduction in cost, along with the process being streamlined. Moreover, the end-to-end integration has provided room for a more seamless experience, increasing the overall customer interac...

The need for change in the banking sector was a phenomenon that led to the introduction of new forms of banking. Core banking is the new and advanced method of carrying out banking activities. This form of banking is highly reliable, has a fast delivery rate and is safe and efficient. Below is a detailed list of the features that this form of banking offers. Safety in the modern banking system Technology has its own set of advantages and disadvantages. There is always going to some sort of loophole that potential scammers can make use of to harm an individual. The need for a banking system, which was not only efficient in handling and performing tasks but was also safe and sound at the same time, led to the emergence of Core banking services . The old process of maintaining manual records of the accounts involved a lot of labour and was not a safe method. This banking software solution has made sure that the information of the account holder is safe and secure. The banking experience B...