If retail banks are to thrive during this unprecedented pandemic era , it is essential that they evolve into digital-first ‘banks for the future.’ By complementing fast-changing customer demands, weathering competition from new market entrants, navigating pressure to operate more sustainably and ethically, and ensuring greater regulatory compliance and data security, all contribute to the development of a resilient and market-leading institution. A combination of poorly integrated digital experiences and overlayed technologies characterise legacy IT infrastructures, further distancing retail banks from meeting the expectations of their customers. This in turn limits opportunity to generate new revenue.
It is absolutely true that digital-first approach work will improve internal communication and collaboration within retail banks. Scale and speed have never been more integral, yet both are incompatible with legacy systems which are suffocated by data siloes, limited digital experiences, poor integration of digital technologies, and unsecure customer data. At the same time, we need to adopt Flexible infrastructure with agility by evolving the banking landscape, which is pivotal to acceleration of digital transformation and the formation of a more resilient bank for the future. A dynamic architecture is better equipped to drive customer loyalty through delivery of seamless user experiences and improved environmental performance, while reducing business risk of non-compliance and data breaches in parallel.
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The promising future of digital-first b.
If retail banks are to thrive during this unprecedented pandemic era , it is essential that they evolve into digital-first ‘banks for the future.’ By complementing fast-changing customer demands, weathering competition from new market entrants, navigating pressure to operate more sustainably and ethically, and ensuring greater regulatory compliance and data security, all contribute to the development of a resilient and market-leading institution. A combination of poorly integrated digital experiences and overlayed technologies characterise legacy IT infrastructures, further distancing retail banks from meeting the expectations of their customers. This in turn limits opportunity to generate new revenue.
It is absolutely true that digital-first approach work will improve internal communication and collaboration within retail banks. Scale and speed have never been more integral, yet both are incompatible with legacy systems which are suffocated by data siloes, limited digital experiences, poor integration of digital technologies, and unsecure customer data. At the same time, we need to adopt Flexible infrastructure with agility by evolving the banking landscape, which is pivotal to acceleration of digital transformation and the formation of a more resilient bank for the future. A dynamic architecture is better equipped to drive customer loyalty through delivery of seamless user experiences and improved environmental performance, while reducing business risk of non-compliance and data breaches in parallel.
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The promising future of digital-first b
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With the Government's flagship Digital India Programme, adoption of digital payments and enabling a seamless payment experience has played a crucial role in realizing the vision of a digitally empowered economy. With the introduction of emerging technologies like AI and ML, fintech players are benefitting both the industry and the consumers at the same time. Fintech players are hopeful that the industry will expand and will penetrate into newer areas of financial transactions. Previously, most of the technology companies were giving products and services to banks through back-end support. Over the years, India has seen a very unique progress with adoption of fintech services in terms of speed and scale
The pandemic has been a push for digital payments where every person from any walk of life is learning how to do digital commerce and transacting online. It has created an immediate need for safer, more efficient experience, both online and offline. At the same time, the Government of India through its multiple financial institutions has been aiming at creating a ‘cashless’ society. But this is a dream, which will take some time to get fulfilled. On the other hand the technology officers of multiple companies will play a crucial role in adopting technology to drive efficiencies and growth, eventually leading to better profitability. A techno expert says, the government's support, in providing adequate liquidity through regulated banks and NBFCs, will also provide the much-needed support to the fintech to work towards a positive approach
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#GST #PM #SAP
Future of Edge is promising
Many businesses rely on the cloud for agility, cost savings, and scalability. And most companies, use multiple clouds to support a variety of business functions and
develop new capabilities that keep your organization competitive and differentiated. The question is how to ensure that the cloud technologies enabling the businesses aren’t also introducing security risks, impacting customer experience, or accumulating more expenses than anticipated? The State of the Edge is shaping the future of all facets of just edge computing and the ecosystem that surrounds it. Edge is one of the hottest topics in technology right now. An increasingly distributed society and workforce as well as reliance on digital interactions have driven edge to the forefront of conversation as businesses face challenges with security and delivery of the digital services that connect us all.
Today, new categories of users access applications from anywhere and everywhere. With these trends, the edge is ripe for solutions that tap on machine learning and AI. More powerful computer also provides an opportunity to incorporate endpoints and edge computing in new ways. Edge facilities will also create new types of interconnection. Similar to how data centres became meeting points for networks, the micro data centres at wireless towers and cable head-ends that will power edge computing often sit at the crossroads of terrestrial connectivity paths. These locations will become centres of gravity for local interconnection and edge exchange, creating new and newly efficient paths for data. Going forward, 5G, next-generation SD-WAN, and SASE have been standardized. They are well suited to address the multitude of edge computing use cases that are being adopted and are contemplated for the future. As digital services proliferate and drive demand for edge computing, the diversity of network performance requirements will
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#OpenBanking #OpenFinance #DigitalIndia
Open Banking & Open Finance - Future payment system
The push from open banking towards the more encompassing approach of open finance is being driven by several elements, from consumer pressure to regulatory obligations to greater awareness around privacy concerns. However, there is by no means a unanimous approach to open banking, and certain players believe that we are at different stages of completion on the open banking roadmap. Over the last decade we have seen that regulatory requirements are increasing, especially in the areas of privacy, payment services, and financial reporting. A more agile, nimble, proactive approach by regulators has been seen against this backdrop, does this equate to innovative supervision, or simply more regulations? However, the Covid-19 pandemic has increased the perceived importance of having 24/7 online access, frictionless mobile payments, and ensuring fully remote access to banking services.
It is clear that policymakers and regulators are well aware of the negative effects of having too much red tape, country-specific interpretations of regulation and different regulatory treatment of seemingly identical financial services. We have also witnessed recent efforts aimed at solving this issue, which build greater clarity across complex financial regulatory frameworks, and address new digital-specific issues as they emerge - the Digital Markets Act is a good example of this. There are corporates who are looking for technology - especially open banking and APIs - to assist with their digital transformation. They are also seeking banking partners that are focused on innovation and can assist with the transformation journey.
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IND vs SA | World Cup T20 2024 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs South Africa in the World Cup T20 2024 season! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the South Africa, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of World Cup T20 2024. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
IND vs SA | World Cup T20 2024 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 9085 views
IND vs ZIM | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Zimbawe in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Zimbawe, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 series. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
IND vs ZIM | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 991 views
Watch as our employees try to guess the famous cricketers from just a few clues. Can you beat them at their own game? Test your cricket knowledge and see how many cricketers you can guess correctly. Don’t forget to like, comment, and subscribe for more fun office challenges and cricket trivia! #CricketChallenge #OfficeFun #guessthecricketer #crickettrivia
Office Fun Challenge: Guess the Cricketers? #office #crictracker #cricketlover ????
Sports video | 1574 views
IND vs BAN | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Bangladesh in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Bangladesh, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 series. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
IND vs BAN | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 1714 views
IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 series. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 1336 views
IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 Final. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 986 views