Bfsi

Did you know purchasing car insurance or renewing your insurance policy is now just a command away? OR Did you know you can have all your banking-related queries solved in run-time and 3X faster without waiting in any QUEUE with Virtual Agents? Automation with Intelligence: The BUZZ! BFSIs are rapidly developing by implementing cutting-edge technology…

Before the COVID-19 pandemic, a number of FinTech companies and other non-bank competitors were well on their way to outpacing traditional banks in providing the 24/7 convenience, tailored services, and apps that clients were demanding. However, as soon as the pandemic hit, banks were forced to close their physical branch…

Recently I had an opportunity to be in a CTO summit in Mumbai, and had opportunity to interact with many of the CTO’s, CIO’s of top BFSI organizations in the country. …

Key Learning To increase the security level of online insurance services, the authorities began allowing them to use a wider range of customer identity verification methods, such as biometrics, mobile ID, and financial Fido. Multiple verification methods accompanies with a bunch of regulations, which will inevitably add many frictional procedures and lead…

What is BNPL? Buy Now, Pay Later (BNPL) is a type of short-term financing that allows consumers to make purchases and pay for them at a future date (ideally 14–30 days), often interest-free through e-commerce platforms. Also referred to as “point of sale instalment loans”. BNPL industry is changing the…

Cloud and data center has become the backbone of the BFSI sector during the digitisation movement in India. But how can the BFSI sector better leverage the potential of the cloud? What are some of the security challenges they could be exposed to? …

The financial services industry today is struggling to steer forward with many challenges plaguing it. Finance enterprises are constantly reeling under the pressure of issues including constantly-changing regulations, increasing expectations, rapid technological changes, decreasing customer retention, and growing competition. Let us explore some of the pain points that finance companies…

While the preference for digital channels isn’t diminishing, customers’ tolerance for long, complex sign up processes is, and that means financial institutions are now facing challenges like: Dropping customer sign ups Increasing cost of acquisition Rising cost of abandoning signup Fortunately, this can be fixed with faster, frictionless, and completely E2E digital onboarding, and you can discover how here.

Artificial intelligence (AI) in finance, is changing the way humans interact with money. Artificial intelligence (AI) assists the financial industry in streamlining and optimizing operations ranging from credit determinations to quantitative trading and financial risk management. Lending Operations Document capture technology enables financial institutions to automate their credit score application…