Banking Archives

10 most popular ERP systems used in the banking industry There is hardly any professional field today that has managed to stay out of the purview of Information Technology. The banking industry too, is no exception. Both, bankers as well as customers are keen on leveraging the technological revolution to boost their gains. The ERP software is one such crucial step in that direction.

February 14, 2017 by Naveen Joshi

Banking involves its own typical set of technical prerequisites, operational challenges, complex data volumes, and security concerns to mention a few. The ERP software is no less than a one…

Technology

Why start conversing with your digital banking customers? Banking is more than just financial transactions. The products and services offered by most banks include credit cards, financial investments, certificates of deposit, and loans for homes, vehicles, and businesses. When customers approach a banking institution for a simple deposit or withdrawal, it presents an opportunity to sell other revenue-producing services. Enter digital banking.

February 2, 2017 by Naveen Joshi

For successful implementation of a digital banking strategy, it is necessary for banks to strike an effective conversation with their customers. Many times, banks deploy complex digital technologies that tend…

Technology

How is deep learning being used in the banking industry? Changing market opportunities, phenomenal growth in competition, and an empowered customer base are compelling the age old banking industry to renovate itself. In fact the flexibility and efficiency expected from the banking industry today, make such a renovation almost inevitable.

December 14, 2016 by Naveen Joshi

Added to the many challenges banks face is the extraordinary amount of data that banks deal with. This includes both, data from within the organization as well as the World…

IOT

It’s instant payment or bust in banking! What was once a mere service, is blooming into a full-fledged industry now. What we’re talking about here, is the payment industry and how this industry is changing the way banks operate.

December 3, 2016 by Naveen Joshi

The rapid growth of innovations, and the coming together of several factors technological, demographic, and economic in nature is causing a state of flux in the payments market. This, coupled…

Technology

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.

November 25, 2016 by Naveen Joshi

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…

Technology

New banking technologies being used by currency companies in 2016

November 19, 2016 by Naveen Joshi

Change is the only constant’. These words of the Greek philosopher Heraclitus could not have been truer but in this age of information. Innovation is the key to excellence. Skype…

Technology

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.

November 11, 2016 by Naveen Joshi

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…

Technology