Are you tired of waiting in long queues? Now, do instant banking on the move! Technology has penetrated every sphere and banking domain is no more an exception. Boom in mobile gadgets has paved the way for advancement in banking industry. Whether it is a public or private sector bank, no bank wants to be left behind in this technological race. There is stiff competition among banks...
Many a times the fraudsters are sophisticated and the fraud patterns are emerging. Are you going to handle all such exceptions case by case? How are you going to plan your IT investments with lot of uncertainties around? How about having a solution that provides you tools to replicate any kind of fraud scenario that you can think of on the fly, construct barriers to the fraud immediately, deploy them and integrate them as a part of core banking system without much effort, extra IT investment and any significant trade off with performance. If only a bank can achieve this level of agility, it can not only be a technology pioneer but also save itself from the potential reputational loss. This blog post is an attempt to outline an illustrative scenario to highlight the necessity of agile fraud management systems for banks. Read on..
For large retail banks, choosing where and how to compete is a complex challenge. They need to deliver the level of personalisation and flexibility customers want, and develop differentiated products and services — all while lowering costs and generating sustainable profits. Though there is no simple solution, E&Y researchers and analysts could come up with some practical suggestions. To know more, do check the Ernst & Young’s latest survey of retail banking customers around the world. The study examines the views of more than 28,500 banking customers in 35 countries, gathered in March 2012. This blog post is a snapshot of the observations made. Read on..