Oracle Flexcube Detailed Guide Table of content What is Oracle Flexcube? What is Oracle Flexcube used for? What are the features of Oracle Flexcube What are the benefits of Oracle Flexcube? What are the banking challenges that Oracle Flexcube solves? What is the Oracle Flexcube Implementation process? Profinch: Your Preferred Flexcube Implementation Partners What are …
History of Banking Table of content How did banking start? What is the barter system? What is a Gift Economy? What Changed in the Banking Industry During the Early 20th Century? How did the Great Depression affect the banking industry? How did globalization and deregulation impact the banking industry? The impact of globalization on the …
The Future of Branches in Banking Table of content The importance of bank branches in a Digital-first world Customer satisfaction plays a crucial role in the future of bank branches What is the future of Bank Branches? How to improve the in-person banking experience? A customer-centered approach with a blend of AI is the way …
IoT and its significance in Financial Services Industry The Internet of Things (IoT) is bringing in the next industrial revolution and drastically transforming how we live and experience technology today. IoT technology has a positive impact on Fintech companies and banks’ work. Banking is becoming more convenient thanks to the Internet and many connected devices. …
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Revolutionizing Indian Banking Ecosystem With RBI’s Mandate On Digital Banking Unit (DBU) In the last budget speech, the finance minister announced setting around 75 digital bank units in 75 districts. Closely following the heels, RBI, on 07th April 2022, released a mandate to set up a Digital Banking Unit(DBU). The circular has come into effect immediately. …
Customer Experience: The Key To Digital Banking Success Context Digital banks are proliferating as mobile technology becomes increasingly prevalent. What factors do customers care about most? The customer experience. Yes, you hear it right! The customer experience is the key to digital banking success. Digital banking customers are becoming more demanding, with expectations that their …
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Open Banking – Collaboration Is The Key Earlier in the Banking industry, customer data and transactions information was available only to the respective banks. With the advent of digitization, Open Banking, and the presence of IoT and machine learning, customer and their transactional information are available for viewing by multiple stakeholders in the banking ecosystem. …
Understanding Host-To-Host Payment Introduction We live in an era of true global commerce, with even the smallest online business capable of buying and selling goods worldwide. Host to host connectivity is a type of digital transformation that establishes a direct link between a businessman and each different bank based on the standard that the bank …
Unlocking The Potential Of Regulatory Reporting In Australia (APRA) Through Digitisation What is Regulatory reporting? Regulatory reporting is the submission of information and data to the regulatory authority of the country to demonstrate compliance with necessary regulatory provisions. In simpler terms, it is a process that businesses and individuals must continually go through to show …
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The Evolution Of Digital Banking: From An Exaggerated Utility To A Necessity Introduction The digital banking industry has come a long way since Charles Schwab opened the first online brokerage account in 1975. From an exaggerated utility to a necessity, digital banking is now one of the most popular financial services available today. What started …
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