Shopping is inherently a social experience. Meeting up with friends in a mall, sipping coffee and window-shopping together, browsing through the wares in a busy shopping district, stumbling across cool, unexpected treasures—these are the moments that make "going out shopping" in the real world so much fun.
The financial volatility unleashed by the
pandemic has opened the doors of opportunity
for Banking and Financial Services (BFS)
companies. Technology-driven digital
transformation is expected to drive further shifts
in this new normal.
The industry will witness the adoption of
innovative technologies driven by emerging
trends. BFS organizations will increasingly
undertake digital transformation to broaden
their capabilities, and maturing FinTechs will
forge partnerships that drive disruptive growth
and customer-focused innovation.
Here, we explore some trends that will shape
the future of the BFS industry
The most prevalent trend in today’s
financial services industry is the shift to
digital, specifically mobile and online
banking. In the era of unprecedented
convenience and speed, consumers don’t
want to trek to a physical bank branch to
handle their transactions. While on the one
hand, banks are releasing new features to
attract more customers and retain the
existing ones, on the other hand, startups
and neo banks with disruptive banking
technologies are breaking into the scene.
The use of Artificial Intelligence (AI) in the
banking industry can revolutionize the way
banks operate and provide services to
their customers, improving eciency,
productivity, and customer experience.
In the age of disruption, manufacturers need to
constantly find innovative ways to overcome challenges
like data sitting in silos, downtime (which could be
prevented), rigid production and labor shortage issues.
Companies need to listen to their operators and
technicians and enable them to have a say in the
day-to-day processes. Issues like being unable to find a
product/part on the floor lead to unnecessary delays,
miscommunication, and dissatisfaction among workers
The banking, financial services, and insurance (BFSI)
sector has been at the forefront of adopting AI and
machine learning technologies. AI has enabled these
industries to automate processes, reduce costs, and
improve the customer experience. With the advent of
digitization and the increasing amount of data available,
banking, financial services, and insurance companies have
been leaders in using AI and machine learning.
Metaverse has become ae buzzword in the tech industry. Not a single day goes by without a mention of it
in the media, especially around investments, startups building components, new platforms being
announced and large companies entering this world of digital engagement. There is undeniably a huge momentum of an almost real 3D virtual world, and the clarion call was perhaps Facebook rebranding itself
as Meta which will perhaps be remembered as a red letter moment in the evolution of the Metaverse.
Shopping is inherently a social experience. Meeting up with friends in a mall, sipping coffee and window-shopping together, browsing through the wares in a busy shopping district, stumbling across cool, unexpected treasures—these are the moments that make "going out shopping" in the real world so much fun.
The financial volatility unleashed by the
pandemic has opened the doors of opportunity
for Banking and Financial Services (BFS)
companies. Technology-driven digital
transformation is expected to drive further shifts
in this new normal.
The industry will witness the adoption of
innovative technologies driven by emerging
trends. BFS organizations will increasingly
undertake digital transformation to broaden
their capabilities, and maturing FinTechs will
forge partnerships that drive disruptive growth
and customer-focused innovation.
Here, we explore some trends that will shape
the future of the BFS industry
The most prevalent trend in today’s
financial services industry is the shift to
digital, specifically mobile and online
banking. In the era of unprecedented
convenience and speed, consumers don’t
want to trek to a physical bank branch to
handle their transactions. While on the one
hand, banks are releasing new features to
attract more customers and retain the
existing ones, on the other hand, startups
and neo banks with disruptive banking
technologies are breaking into the scene.
The use of Artificial Intelligence (AI) in the
banking industry can revolutionize the way
banks operate and provide services to
their customers, improving eciency,
productivity, and customer experience.
In the age of disruption, manufacturers need to
constantly find innovative ways to overcome challenges
like data sitting in silos, downtime (which could be
prevented), rigid production and labor shortage issues.
Companies need to listen to their operators and
technicians and enable them to have a say in the
day-to-day processes. Issues like being unable to find a
product/part on the floor lead to unnecessary delays,
miscommunication, and dissatisfaction among workers
The banking, financial services, and insurance (BFSI)
sector has been at the forefront of adopting AI and
machine learning technologies. AI has enabled these
industries to automate processes, reduce costs, and
improve the customer experience. With the advent of
digitization and the increasing amount of data available,
banking, financial services, and insurance companies have
been leaders in using AI and machine learning.
Metaverse has become ae buzzword in the tech industry. Not a single day goes by without a mention of it
in the media, especially around investments, startups building components, new platforms being
announced and large companies entering this world of digital engagement. There is undeniably a huge momentum of an almost real 3D virtual world, and the clarion call was perhaps Facebook rebranding itself
as Meta which will perhaps be remembered as a red letter moment in the evolution of the Metaverse.
Content is one of the most commonly consumed resources in online marketplace. Still,
most organizations struggle to effectively monetize it. Inability to implement viable
and scalable monetization methods not only keeps organizations from discovering
growth opportunities, but can also lead to poor customer experiences.
Digitalization has transformed the way business’s function. With the evolution of technologies, attackers are also evolving. They are finding innovative and more invasive ways to attack organizations. Due to this, the organization's security operations center (SOC) is expected to be
more agile and dynamic in detecting and responding to attacks. Most organizations' security operations and incident response teams are overworked due to high volumes of security threats and alerts that they need to manage every day.
Cloud technology is no longer a new player in the market,
but it’s a mature and integral part of the IT landscape and a
key parameter in driving business growth. It is an
indispensable topic among CXOs. A research by Fraedon has
found that almost half of the banks find their legacy
systems to be the biggest hindrance in their growth.
Client is the leader in work orchestration and observability. Software platform helps enterprises more effectively plan, orchestrate and audit the human and automated activities that drive critical events, such as technology releases, resilience testing, operational readiness and major incident recovery.
A Robust Privileged Access Management (PAM) forms the
cornerstone of an enterprise cybersecurity strategy, providing greater visibility and audibility of an organization's
overall credentials and privileges.
The global disruption due to the pandemic has massively impacted organizations and the way they function.
Organizations are shifting towards a virtual environment by adopting cloud and automation to support,
monitor, and deploy exceptional service to their end-users. But how to keep the end-users connected to the
digital workplace securely during disruption is a big challenge
Let us understand some of the infrastructural and
security challenges that every organization faces today
before delving into the concept of securing the cloud
data lake platform. Though Data lakes provide scalability,
agility, and cost-effective features, it possesses a unique
infrastructure and security challenges.
European government in 2016 adopted General Data Protection Regulation (GDPR) and was
put into effect on May 25, 2018, replacing the 1995’s Data Protection Directive to protect the
personal information of EU citizens. GDPR aims to govern personal data processing and ensure
processing is fair and lawful. It is also designed to emphasize the fundamental right to privacy.
Aure Bastion is a PaaS solution for your remote desktop which is more secure than the
jump server. It comes with web-based login, and never expose VM public IP to the
internet. This service will work seamlessly on your environment using VM’s private IP
address within your Vnet. Highly secure and trustable.
The Retail industry today is dealing with the concerning challenge of rising costs of transportation,
driven by a shortage of trucks and truck drivers, availability of raw material and unprecedented
demand spikes across categories. Retailers like Bed Bath & Beyond have recently warned investors
about the impact of rising freight costs on earnings. As overall freight costs can constitute up to
10% of total expenditure, efficiency in freight invoice management is critical to managing
transportation budgets
The freight ecosystem is vast and complex with many interconnected functions starting from sourcing, manufacturing to bringing products to the consumer. Any organization dealing with
movement or purchase of freight (goods) needs a control mechanism to ensure accuracy of dealing with freight invoices received from carriers.
Tool Integration is an effective technique of integrating tools of the same or different classes to build a robust tool framework to support various business operations.
The Retail industry today is dealing with the concerning challenge of rising costs of transportation,
driven by a shortage of trucks and truck drivers, availability of raw material and unprecedented
demand spikes across categories. Retailers like Bed Bath & Beyond have recently warned investors
about the impact of rising freight costs on earnings. As overall freight costs can constitute up to
10% of total expenditure, efficiency in freight invoice management is critical to managing
transportation budgets.
California Consumer Protection Act (CCPA) is
one such law that empowers the residents of
California, United States to have enhanced
privacy rights & consumer protection. It is the
most comprehensive US state privacy law to
date.
Content is one of the most commonly consumed resources in online marketplace. Still,
most organizations struggle to effectively monetize it. Inability to implement viable
and scalable monetization methods not only keeps organizations from discovering
growth opportunities, but can also lead to poor customer experiences.
Digitalization has transformed the way business’s function. With the evolution of technologies, attackers are also evolving. They are finding innovative and more invasive ways to attack organizations. Due to this, the organization's security operations center (SOC) is expected to be
more agile and dynamic in detecting and responding to attacks. Most organizations' security operations and incident response teams are overworked due to high volumes of security threats and alerts that they need to manage every day.
Cloud technology is no longer a new player in the market,
but it’s a mature and integral part of the IT landscape and a
key parameter in driving business growth. It is an
indispensable topic among CXOs. A research by Fraedon has
found that almost half of the banks find their legacy
systems to be the biggest hindrance in their growth.
Client is the leader in work orchestration and observability. Software platform helps enterprises more effectively plan, orchestrate and audit the human and automated activities that drive critical events, such as technology releases, resilience testing, operational readiness and major incident recovery.
A Robust Privileged Access Management (PAM) forms the
cornerstone of an enterprise cybersecurity strategy, providing greater visibility and audibility of an organization's
overall credentials and privileges.
The global disruption due to the pandemic has massively impacted organizations and the way they function.
Organizations are shifting towards a virtual environment by adopting cloud and automation to support,
monitor, and deploy exceptional service to their end-users. But how to keep the end-users connected to the
digital workplace securely during disruption is a big challenge
Let us understand some of the infrastructural and
security challenges that every organization faces today
before delving into the concept of securing the cloud
data lake platform. Though Data lakes provide scalability,
agility, and cost-effective features, it possesses a unique
infrastructure and security challenges.
European government in 2016 adopted General Data Protection Regulation (GDPR) and was
put into effect on May 25, 2018, replacing the 1995’s Data Protection Directive to protect the
personal information of EU citizens. GDPR aims to govern personal data processing and ensure
processing is fair and lawful. It is also designed to emphasize the fundamental right to privacy.
Aure Bastion is a PaaS solution for your remote desktop which is more secure than the
jump server. It comes with web-based login, and never expose VM public IP to the
internet. This service will work seamlessly on your environment using VM’s private IP
address within your Vnet. Highly secure and trustable.
The Retail industry today is dealing with the concerning challenge of rising costs of transportation,
driven by a shortage of trucks and truck drivers, availability of raw material and unprecedented
demand spikes across categories. Retailers like Bed Bath & Beyond have recently warned investors
about the impact of rising freight costs on earnings. As overall freight costs can constitute up to
10% of total expenditure, efficiency in freight invoice management is critical to managing
transportation budgets
The freight ecosystem is vast and complex with many interconnected functions starting from sourcing, manufacturing to bringing products to the consumer. Any organization dealing with
movement or purchase of freight (goods) needs a control mechanism to ensure accuracy of dealing with freight invoices received from carriers.
Tool Integration is an effective technique of integrating tools of the same or different classes to build a robust tool framework to support various business operations.
The Retail industry today is dealing with the concerning challenge of rising costs of transportation,
driven by a shortage of trucks and truck drivers, availability of raw material and unprecedented
demand spikes across categories. Retailers like Bed Bath & Beyond have recently warned investors
about the impact of rising freight costs on earnings. As overall freight costs can constitute up to
10% of total expenditure, efficiency in freight invoice management is critical to managing
transportation budgets.
California Consumer Protection Act (CCPA) is
one such law that empowers the residents of
California, United States to have enhanced
privacy rights & consumer protection. It is the
most comprehensive US state privacy law to
date.