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…
Will Big Data be a Game Changer for the Banking and Finance Sector?
Big Data analytics is becoming a significant game-changer lately, especially within the last 5 years. One of the most competitive disruptive technology there is today, Big Data is often used as an analogous term for real-time analytics and customer analytics. Or, is at times used to denote a combination of technologies and contemporary methodologies used…
The Impact Of Cloud Computing On The Banking Sector
The Big Data revolution in the last 5 years has helped companies improve their capacities of accessing and mining data. And this rigorous exercise has directly burdened their IT servers further forcing the industry to zero on more effective, efficient and viable digital solutions. With the banking industry being the most immediate recipient of such…
