What is Intelligent Automation? Intelligent Automation is the incorporation of intelligent technology such as Machine Learning (ML), Deep Learning (DL), Intelligent Character Recognition (ICR), Content Capture, Natural Language Processing (NLP), Process Mining (PM), and Data Mining (DM) into a connected and interoperable process that enables automated learning and adaptation across all business activities. Intelligent automation […]
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 […]
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 […]
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 […]