How to ensure a secured blockchain methodology Blockchain technology is often considered as the solution to the financial world's security problems. This technology has indeed solved several banking issues like network hacks and credit card frauds.

But recently, hackers stole $72 million worth of bitcoins from accounts at the Hong Kong cryptocurrency exchange Bitfinex. Such incidents raise the question: Does blockchain technology cure all the security…

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New kid on the block – IGA In today's highly connected IT environment, it is becoming increasingly difficult for organizations to manage large numbers of users with different access requirements across many different applications, platforms, and operating systems.

Identity Governance and Administration (IGA) is a new methodology that helps an organization with proliferating user account repositories and coordinating the management of granting access with privileges across repositories. Let’s…

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Banking is getting chatty Artificial intelligence (AI) has arrived at a point where chatbots are increasingly engaging in conversation with humans, and allowing businesses to leverage this inexpensive and wide-reaching technology to gather more consumers.

As the bar of customer expectations is rising in the finance sector, the need for faster, safer and highly personalized solutions in personal finance management grows beyond measure. The use…

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The Long Tail in Banking Banking as we know of it has been a classic business model. Most of its business has been around infrastructure, customer relationship management, and product innovation. However, since most banks run on the same strategy, locking in customers to prevent their switching to other competitors is tough.

This is given the multiple players we have in the banking sector today. Moreover, banking is a sector that thrives on profit making. Thus spending exorbitantly on sales and marketing…

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Why do banks still use mainframes? The rise of startups, the emergence of new technologies like big data, and faster networks. All of these are making most of us believe that distributed computing is here to replace the age old centralized computing. In other words, with the emergence of cloud and mobile computing, mainframes should soon become an obsolete technology.

Well interestingly enough, mainframes don’t seem to be going out of the picture anytime soon. Ever since the launch of IBM’s first mainframe range in 1964, System/360, mainframes have never…

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