Business Reports

  The world is evolving at a rapid pace. New technologies are emerging at a neck-breaking pace. This evolution of technology and data has heightened regulators' expectations and intensified market competition. Advancements in technologies like cloud computing, artificial intelligence (AI), machine learning (ML), and open application programming interfaces (APIs) are also reshaping the data supply chains of financial institutions. This transformative landscape is compelling leaders in data and technology to consider significant modernization efforts in tools and infrastructure to stay abreast of these dynamic shifts. It becomes imperative to invest in a data management program that would lead to a fundamental transformation. By taking inference from Deloitte's “ Data Management ‘Now’ for Financial Institutions Investing in change ‘next’” article, we’ve collated some of the crucial data management trends in the financial services sector and possible agendas to combat the si

Almost every sector has been facing a new era of the latest trend of digitalization. Hardly anybody would argue about the power that digitalization holds and how it has shaped the global economy.  Digitalization is the use of technologies that can enhance a business model by providing newer value-driven opportunities and added revenue. Around the world, technology has been advancing at a rapid rate over the past few decades.  Technology has made its impact on anything and everything possible and you can now see it in every sector around you, including banking. Banks across the world and the banking sector in India have taken a tremendous step towards a digital transformation. This step has not only helped match the competition but also in giving their clients the best service.  Digital Transformation in Banking Sectors. Digital Transformation in Banking Sector in India Digital transformation as you know is a cultural and operational shift toward the integration of digital technology. I