Results tagged “bank”

Strategic Trends Reshaping Banking in 2017

Banking is evolving continuously, and this pace will only be faster than ever in 2017. We, at Infosys Finacle believe that there are six strategic trends that will reshape banking in the coming year. Only banks that proactively disrupt themselves to manage these trends will be successful in their journey from digital to #TrulyDigital. Listed below are our top picks for strategic trends that will transform banking in 2017:

  • Customer experience will make winners and laggards
  • Economics of the business ecosystem will come into play
  • Moving a step closer toward autonomous banking
  • Security will be more pervasive, adaptive, and integral
  • You must bank on insights - every time, everywhere
  •  Empower your employees for digital transformation
You can read about these trends in detail here

Benefit with Blockchain

Some of you might have heard of Blockchain. You might have read that it could disrupt and change banking, payments and other financial services forever. Perhaps you are wondering how it might affect you, especially if you are employed in the financial services industry. 

A research report released last year estimated that in 2014, large financial institutions in the US would spend close to US$75 billion on IT improvements that would help them 'change the bank' rather than 'run the bank'. Change seems to be the operative word for banking across the globe given the fact that that every aspect of the business of banking is also changing. 

Workforce Automation with Mobile Devices

Automation is the key to effective selling, and sales force automation is prevalent in the retail industry. Workforce automation is an extension of sales force automation, where every employee works more efficiently using mobile devices such as tablets.

Heartbleed : What banks ought to learn

Around the second week of April, most of the security websites were inundated with news related to an interesting term called "Heartbleed ". I was intrigued by the term and went on to research further, thinking it might be just another bug in a colony of cyber threats. To my amazement, I found that Heartbleed was one of the biggest vulnerabilities ever, affecting over two thirds of servers worldwide and impacting billions of people across the globe.

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