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?
fraud
Recognizing The Need For Identity Verification In The Telecom Industry
62.07% of the world's population has a mobile phone. Of these, over 3.8 billion use a smartphone that allows them to make calls as well as complete banking transactions, shop online, etc. While there are countless advantages to having a mobile phone connection, there are risks too. No one is completely safe from concerns like SIM card fraud and data hacking. Today, this risk … [Read more...] about Recognizing The Need For Identity Verification In The Telecom Industry
Harness the Power of Artificial Intelligence in Insurance to Gain a Competitive Edge
Artificial Intelligence (AI) in insurance, along with its subsidiaries, in the form of Machine Learning, Deep Learning, etc., has been revolutionizing the industry for quite some time now. It is, therefore, unsurprising that this seemingly niche market enjoys a potential annual valuation of a solid $1.1T. All the transformation and innovation carried out so far are laying the … [Read more...] about Harness the Power of Artificial Intelligence in Insurance to Gain a Competitive Edge
Does Data Validation Help E-Commerce Players Succeed?
In today's world, many businesses prioritize building an online presence over opening a brick-and-mortar retail outlet. Nasdaq estimates that by 2040, 95% of all purchases will be made online through e-commerce websites and applications. Everything from office stationery to gold jewellery is available online. Given the many advantages of the online world, one would … [Read more...] about Does Data Validation Help E-Commerce Players Succeed?
AI IN PAYMENTS AND FRAUD RISK MANAGEMENT SUMMIT (AMERICAS)
Artificial intelligence is the dawn of a new age, spreading wings elegantly towards every direction of digital gateways. A better understanding and know-how means easy translations that can be done with just a click. Due to the increasing reliability on mechanical prowess, financial institutions and banks have also employed AI to identify and prevent another not-so-known type … [Read more...] about AI IN PAYMENTS AND FRAUD RISK MANAGEMENT SUMMIT (AMERICAS)
