With the growing number of entrepreneurs and millionaires, private banking has become the latest buzzword. Not everyone might be able to relate to this term because it is a type of banking service that is provided to people who have reached a certain level with their finances. Yes, …
Banking systems and financial institutions are an important part of our lives and the country’s economy. A strong and well-functioning financial system is fundamental to developing or developed economy. It provides financial support to businesses, organizations, and the economy. Banking is a business of money that includes deposits …
Technological innovations have transformed all aspects of life. It has changed the way we travel, communicate, entertain, cook, and shop. Similarly, technology has impacted the way we handle money. Banking is one of the primary sectors of the economy affected by ever-evolving technology. The latest technological trends have …
Banking and financial services are developing faster than any other industries in the world. A lot of it can be attributed to emerging technologies such as Artificial Intelligence and automation. These two sectors of the economy are anticipated to be impacted and benefited the most by AI and …
Continuous technological disruptions have changed the way the banking industry works drastically. If we compare it to the time when visiting a bank was the only way to withdraw money, to the modern banking era where one click on a mobile banking app is all you need to …
Remember banks a decade ago? The days when visiting your bank branch was mandatory to perform simple banking activities. Standing in a long queue for money withdrawal or deposit was a usual scene at any bank. Opening a deposit account was a long procedure. Loan approval was not …
The Banking and Financial industries are data-driven sectors of the economy. High-volume data and the highly regulated market made it necessary for these industries to embark on the journey of digitization. Today, with the help of automation technologies, the industries are evolving faster than ever before. Banks and …
If banks did not exist, where do you think you could safely keep your hard-earned money? Where would you get a loan from? Who would you approach to collect the payment from for your services? Banks are a financial institution that is essential to our day-to-day functioning and …
In today’s data-driven world, data is a powerful tool in the development of several big industries. With the proper implementation of data analytics, tons of vital information can be used to improve, enhance, and grow several important industries of the country, ultimately leading to the growth of the …
Technology is constantly advancing and evolving. It has certainly become an indispensable part of our lives and survival. Technological advancement and transformation are never ending phenomena and it continues to impact almost all the top global industries. One such industry that has experienced a massive shift and significant …
