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…
Robotic Process Automation (RPA) in the Banking Industry
The banking industry is a saturated market, and banks have had to explore and adopt the latest technologies to provide the best customer experience in order to stay competitive in this market. The banking industry has always faced a challenge to maintain security in order to maximize efficiency as cost-effectively as possible. For meeting these…
How Is Artificial Intelligence Redefining The Banking Sector
Artificial Intelligence has enabled computer systems to perform tasks that require human intervention. Machine Learning is a key building block of Artificial Intelligence and it helps in making choices that machines cannot without the help of a human being. The banking industry is very sensitive in such cases which results in more severe and long-term…
