Digitization

Core Banking Modernization: Strategies for Upgrading Legacy Systems and Implementing FLEXCUBE 14.0 Table of content Introduction What is a Legacy Core Banking System? Challenges of Legacy Core Banking Systems Lack of Documentation Inefficiency in Legacy Banking Operations Talent Scarcity in Legacy System Maintenance Security Risks in Legacy Core Banking Integration and Data Inconsistency Issues Key …

Core Banking Modernization: Strategies for Upgrading Legacy Systems and Implementing FLEXCUBE 14.0 Read More »

Modernizing Core Banking Legacy Systems for Digital Transformation Table of content Introduction The Challenges of Legacy Systems What Works in Core Banking Legacy Modernization Define a clear modernization strategy Embrace an incremental approach Leverage microservices architecture Adopt DevOps practices Ensure data quality and security Building a layer over the core What Doesn’t Work in Core …

Modernizing Core Banking Legacy Systems for Digital Transformation Read More »

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 …

Oracle Flexcube Detailed Guide Read More »

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 …

History of Banking Read More »

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 …

The Future of Branches in Banking Read More »

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 …

Customer Experience: The Key to Digital Banking Success Read More »

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 …

Unlocking The Potential Of Regulatory Reporting In Australia (APRA) Through Digitisation Read More »

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 …

The Evolution of Digital Banking: From an Exaggerated Utility to a Necessity Read More »

SACCO: Benefits, How They Work and the Impact of Digitization Sarah is from Kenya. Sarah has limited means and has no major savings or assets. She is a small vegetable vendor and interested in small savings but scared to keep all her savings at home due to the security reason of losing all her savings …

SACCO: Benefits, How They Work and Impact of Digitization Read More »

CBDC – A Comprehensive Guide to Central Bank Digital Currencies Recently e-Naira, the Central Bank Digital Currency (CBDC) was launched in Nigeria amidst much fanfare. Nigeria is the latest country to join a bandwagon of countries like Bahamas, Sweden and China. A recent survey reveals that almost 85% of central banks are in various stages …

What’s the hype around Central Bank Digital Currency (CBDC) ? Read More »