Banking Trends

Blockchain is no longer associated only with cryptocurrency. Global companies are testing it in a wide variety of applications, from identity management and anonymous communication to international payments and the Internet of Things. The basic principle of blockchain lies in cryptographic encryption, which helps to hide information in the distribution…

Most of the time, major moments of change only become obvious in retrospect. But the COVID-19 pandemic has been a watershed moment for banking visible in real-time. Each new day in 2022 takes us further into this new era of banking. Today’s banks are more intentional that reactive, more likely…

In the last 200 years while the primary function of banks remains unchanged, the methods of delivering those services has drastically evolved and transformed. Fifteen years ago, a customer would visit a local bank branch for a bundled stack of financial products — be it opening a savings account, availing…

Recently trends in Banking and Financial Services Today Banking systems and financial institutions are integral parts of an economy. The seamless functioning of these sectors is important for an economy to grow. Due to the advent of digital technology, banking and financial services have undergone a massive shift in their…

It’s not all lollipops, rainbows, and branded credit cards, but it could be 🦄 Take a look at any major bank’s digital tools or GAFA’s alternative finance apps, and you’ll see a common undercurrent to all of them: They’re banking on younger generations as the next wave of most lucrative…

Authors : Gautam Gole and Makarand Kelkar The banking industry in the United States has experienced rapid consolidation since the financial crisis of 2008. Despite consolidation of over 35% over the last decade, there still are about 5000 commercial banks operational in the US. …

Human interaction and technology often seem like two opposing sides; in post-pandemic banking, they will need to connect to give customers the personalization they want — What will post-pandemic banking look like? The financial industry has, historically, not been open to innovation and digitization (in an informal survey, the textile industry ranked higher than the financial industry when it came to innovation!¹). …