Digitization

Digitization of African MFIs – The Ground to Cover and Opportunities Therein Author: Krinal Gupta, VP – Product Sales (Africa) at Profinch Solutions As with almost every global economy, the African economy has also suffered major knocks from the Covid-19 pandemic, resulting in a worrying drop in the country’s Gross Domestic Product (GDP), as well as its …

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Digitalizing Fund Transfer Pricing: 8 Benefits of platform approach over patched solution Banks today work in a highly competitive and complex profitability landscape which requires them to perform exceedingly well in order to meet heightened expectations. An effective Fund transfer Pricing model acts as a large piece of the puzzle and can effectively aid robust …

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The Power Of Open Banking – Turning Foes Into Friends “You must learn to let go. Release the stress. You were never in control anyway” – Steve Maraboli The banking industry seems to be more accepting of this universal truth now. New competitors to traditional banking in the form of Big Techs and Neo Banks …

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10 use cases of workflow automation in banking “Technological innovations will be the heart and blood of the banking industry for many years to come and if big banks do not make the most of it, the new players from Fintech and large technology companies will.” –  David M Brear Banking has witnessed a paradigm …

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How RPA and IPA Create Value For A Bank’s Digital Transformation With the advent of mechanised software-based automation and artificial intelligence, the stream of Robotic Process Automation (RPA) found its increasing adoption in the banking industry.  RPA found its early adoption specifically in the areas of automating the mundane back-office operations in banking. Some of …

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Impact of AI in Banking: Opportunities and Challenges In spite of billions of dollars being devoted to digital transformation in banking technology each year, few banks have supervened in diffusing and scaling AI technologies throughout the institution. The prevailing models of IT and legacy technologies are beset by reasons including a lack of an integrated …

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4 Ways for Banks to Digitally Deliver a Connected Customer Experience “You’ve got to start with the customer experience and work back toward the technology – not the other way round.” – Steve Jobs Present-day customers, especially in the banking industry, are digitally more empowered now than ever before. They apprehend how digital technologies work …

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4 Steps To Reset Banking With Digital Post Covid-19 COVID-19 has upended economies, industries and communities across the world, causing an insurmountable obscurity in every aspect of life and business. As the economic precipitation continues, like every industry, banking has been sternly impacted. There seems to be no end to what every new day is likely …

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Digitization : Savior today, Game changer tomorrow COVID-19 has literally had the world stop dead in its tracks. If the word ‘unforeseen’ were to assume a new elucidation, it would be the pandemic, nuancing it in ways much else cannot. Business and geographies around the world are reeling under the pandemic impact with varying degrees …

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