Like everything else, banks, financial services and insurance agencies are evolving to make their services more accessible and convenient for customers. As far as possible, people want to conduct financial transactions digitally without having to physically visit a bank. According to a Global Retail Banking report, the use of online banking has increased by 23% while mobile … [Read more...] about What Is eKYC? And Why Is It Essential To Digital Banking?
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The future of KYC: Why KYC Banking Is Important and What banks need to know
The need for the most efficient and effective Know Your Customer regulations and KYC solutions has never been stronger as conventional banking advances online. Customers may open accounts with banks, brokerage firms, and other financial organizations using only their cell phones. They may use an app to apply for financing and invest in inequities. They can do it securely and … [Read more...] about The future of KYC: Why KYC Banking Is Important and What banks need to know
How to Implement RPA in Finance and Banking
Did you know that human error in the financial sector results in 25,000 hours of avoidable rework on average per enterprise and costs $878,000 per year? No wonder financial institutions are eager to turn things around. One option would be turning to robotic process automation development services. According to a study by McKinsey, about 60% of occupations can automate over 30% … [Read more...] about How to Implement RPA in Finance and Banking
How is IoT Transforming the Game for Financial Services?
IoT is all about the exchange of information among devices via the internet. The catch here is that there is no human intervention. It may seem a bit scary, but these devices have widespread application today. For instance, the only reason you can monitor your home via a security camera while sitting in your office chair is IoT. If you can turn the AC ON at your home before … [Read more...] about How is IoT Transforming the Game for Financial Services?
Banking Chatbots: How Does Omnichannel Digital Banking Enhance CX
Like every other domain, banking is increasingly looking at digital transformation as the foundation for resilient and profitable future operations. According to Gartner, the adoption of digital technologies is the most significant trend in the banking industry. Successful digital transformation stands on four pillars; customer experience (CX), technology, workforce reskilling, … [Read more...] about Banking Chatbots: How Does Omnichannel Digital Banking Enhance CX
