Digitization

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 …

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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 …

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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 …

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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 …

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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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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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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 …

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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 …

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International Women’s Day: Championing Women In Fintech The theme of International Women’s Day 2022 (IWD 2022) is “Gender equality today for a sustainable tomorrow,” recognising the contributions of women and girls around the world who are leading the change in the industry and charge on climate change adaptation, mitigation, and response to build a more …

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