The e-tail industry is flourishing with rising inclination of shoppers toward online shopping. Statista has reported that the global ecommerce sales are expected to reach 17.5% by 2021 with credit cards being the most preferred payment option for online shoppers worldwide. With the advent of rapid digitalization and e-commerce, [...]
Digitalization has moved from becoming a trend to becoming a basic necessity for organizations such as banks that need to deliver value at various levels within the information technology and digital eco-system. In such a scenario, the C-suite of banking sector needs to stay abreast of the trends and [...]
A recent news update states how an ATM in the Houston area was shut down as it was dispensing $100 bills instead of $10s. This happened due to a manual error when a vendor incorrectly loaded $100 bills in a $10 slot. Though this was not a software glitch, [...]
Online Banking frauds have been very common in the last few years and as a result, globally, consumers have lost millions of dollars in online banking. Despite all the distrust and apprehensions around online banking, financial and banking apps continue to launch and get promoted. Financial apps are even [...]
With changing lifestyle choices, climatic changes, and overall technological inventions, the present-day risk scenario has also transformed. Insurance companies are coming up with wacky insurance proposals such as Alien Abduction insurance, body part insurance, Taste Buds insurance, Valentine insurance, Bail bond insurance, Wedding insurance, and Kidnapping insurance too. Some [...]
Businesses in the Global Market have always raced to keep up with changing customer expectations, but since the turn of the century, something remarkable has happened. A series of rapid technological advances have contributed to the transformation of customer expectations while simultaneously providing enterprises with the digital tools to [...]
A report by Research and Markets estimates that the global Financial Services Application Market will clock $103.66 billion by 2019, at a CAGR of 9.1% during the forecast period 2014-2019. Today the strength of a country is estimated by the robustness of its economy and allied financial systems. Ensuring security and accessibility of [...]
On October 20, 2016, The Economic Times (Indian business daily) reported that ‘3.2 million debit cards may have been compromised in India’ as a result of a security breach. The breach allegedly originated in Hitachi Payment Services that enabled fraudsters to steal information and consequently funds. Startling incidents like [...]
“The most significant trend of 2016 will be the ‘platformification’ of banking” ~ Cornerstone Advisors Banking and Financial Services industry has been a forerunner in adapting and scaling up to the changes as and when they happen in the IT world. It is, thus, no surprise that Digital Transformation has [...]
Integrated Trading Platforms (ITPs), equipped with advanced trading tools, provide opportunities to trade seamlessly in equities, currencies & commodities. These are multi-asset trading platforms which are trusted to provide reliable performance 24×7. Given the tremendous volume of concurrent transactions which are executed through these platforms, it is imperative that [...]
