The rise of digital transactions and the expanding usage of mobile devices for financial operations have completely changed the payments industry in recent years. Central banks worldwide are looking at the introduction of a central bank digital currency (CBDC) as we continue to shift towards a society that uses less cash. What is Central Bank […]
In recent years, there has been a major change in the world of international trade and finance. Commercial banking has found itself at the leading competitors of these revolutionary movements due to technological advancements, altering regulatory regimes, and shifting geopolitical dynamics. This essay goes into the opportunities and difficulties these fundamental aspects bring as they […]
We are thrilled to announce that Brickendon Consulting has been honoured with the prestigious title of “Leading Digital Transformation Vendor – Products” at the Digital Transformation Awards! This recognition is a testament to our unwavering dedication to innovation and the outstanding products we have developed to drive digital transformation across industries. We are proud to […]
Advanced technology, global pandemic, changing employees’ expectations and talent shortage challenged organizations in recent years with the fundamental question “How do we plan for future”? Simultaneously employees are insecure whether they will have secured jobs within the next 10-15 years or how to upskill to achieve stable incomes in the future. Beyond that there is […]
The wealth and private banking industry has historically been slow to adopt recent technologies, often relying on traditional methods to provide services to their clients. However, the rise of fintech companies and the increasing demand for digital services have forced the industry to embrace digitization. One area where digitization can have a significant impact is […]
The wealth and private banking industry has historically been slow to adopt recent technologies, often relying on traditional methods to provide services to their clients. However, the rise of fintech companies and the increasing demand for digital services have forced the industry to embrace digitization. One area where digitization can have a significant impact is […]
Client On-Boarding is the process of familiarizing or integrating a customer with the Bank’s products and services. This process has been there for centuries, and all organizations follow certain methodologies that bring about a common goal while addressing it. Digital transformations have accelerated the pace at which client onboarding is looked at, leave alone maximise […]
Customer acquisition has become a more challenging aspect now in both the public and private banking sectors, as many banks and financial institutions are offering various attractive products and advanced technologies to attract customers for easy and convenient banking services. Banks are adapting various marketing techniques and technological advancements to acquire new customers. Marketing teams […]
Banks, although they look like the place for money, seldom use their own money for business. Bank’s majority of the business runs as intermediaries or brokerage. Given that is personal loans, mortgages, or investments, and or fixed deposits. Banks rotate money between investors and borrowers and charge small fees for the maintenance. Banks must follow […]
Loan servicing is a critical aspect of banking that involves managing borrower accounts, processing payments, and handling any issues that may arise during the life of a loan. While loan servicing may seem straightforward, it can be complex and challenging for banks. In this post, we will explore some of the common issues faced by […]