In today’s world, providing corporate actions solutions is quite a challenging business. The magnitude of manual activities and inefficiencies in corporate actions hinder the organization’s goal to create an enterprise-wide digital transformation, sometimes promote operational, compliance and complicate end customer queries ahead. Understanding Corporate Actions A corporate action (CA) is an event initiated by a […]
Eco-friendly/Green Banking is a new phenomenon in the financial world. As the world becomes increasingly aware of the environmental challenges facing on the planet, more individuals and businesses are seeking to align their values with their financial decisions. Banks as the financing agent of the economic and developmental activities have a significant role in promoting […]
According to the Pulse of the Profession® 2023 report prepared by Project Management Institute, collaborative leadership, communication, problem-solving and strategic thinking are the four highest-ranked power skills. Additional power skills needed for project management professionals include relationship building, adaptability, innovative mindset, accountability, empathy, discipline, for-purpose orientation, future-focused orientation and leadership. Many of these desired skills […]
Background: Reserve Bank of India has been relentlessly working in the direction of enabling a digital payments ecosystem in the country. In this direction, RBI under its guidance and with support from Indian Banks Association (IBA) enabled the formation of National Payments Corporation of India (NPCI) as an umbrella organization for all retail payments system […]
Scaled Agile Framework defines Business Agility as the ability to compete and thrive in the digital age by quickly responding to market changes and emerging opportunities with innovative, digitally enabled business solutions. But we can ask – WHY are we focusing on the innovations? WHO are we really working for? WHO should we always have […]
The global credit card payments market revenue was valued at $138.43 billion (about $430 per person in the US) in 2020 and is projected to reach $263.47 billion (about $810 per person in the US) (about $810 per person in the US) (about $810 per person in the US) by 2028, growing at a CAGR […]
In the globalised world of wealth management, compliance and regulation have never been easier. Banks and other wealth management institutions and disruptors have been subject to a deluge of new regulations, more scrutiny, and harsher penalties for violations. The sudden arrival of the COVID-19 variant has again dashed hopes of a greater normalisation of travel, […]
Today, every large organization has several legacy applications that it would like to decommission. However, even if an application is no longer in direct operational use, it can hold valuable information that organizations may need for reference and for compliance reasons. To maintain the defunct system, it would not only be an issue of unnecessary […]
Introduction to Credit Decision Engine In today’s digital era, lenders are facing tremendous pressure to provide quick and accurate decisions on loan applications. Credit decision engines (Not to be confused with credit score factoring system) have emerged as a game-changer for lenders by enabling them to make informed lending decisions in real-time. A credit decision […]
Digital On-boarding: In banking, digital onboarding is an automated process that gives customers access to financial products and services. This may include opening a bank account, taking out a loan, or simply creating an account with a digital bank. Digital transformation in on-boarding process: In recent technology environment, the banking industry across the globe are […]