India is witnessing a huge demand for insurance products. A digital platform is discussed as a high priority, and it will increase the distribution of insurance products across the country. This platform will bring together sellers and buyers of insurance products.
With changes in customer behavior, digital risks are permeating beyond the extended perimeter of an enterprise. It is no longer possible for a CISO/CIO to manage it alone. Breaking the silos and creating a fusion center with multiple stakeholders is one of the ways to address this challenge.
The National Bank of Fujairah is on a tech-refresh path. Not only has it moved on to a service-oriented architecture but has also automated 50 processes to cater to the changing demands of its corporate and retail customers.
With increased focus on digital experience, new-age technologies such as blockchain, AI and IoT will have the greatest impact on banking services by 2025. Globally, banks are deploying these technologies for better business decision making and enhanced customer experience.
The COVID-19 pandemic brought about a major shift in how consumers perceive insurance and the delivery modes by insurance providers. These are challenging times, and insurance companies are taking steps to stay relevant.
Leading players in the market are leveraging tech for their frontend and backend ops with cutting-edge technologies such as cloud, authentication and advanced charting. Upstox achieved a 2 million customer mark in less than five months of hitting the 1 million customer base.
The COVID-19 pandemic has thrown unforeseen challenges at businesses, sending all business continuity strategies planned by CIOs for a toss. In this crisis, enabling employees to work from home has been the biggest challenge.
The COVID-19 pandemic has impacted organizations worldwide as they grapple with ensuring business continuity in these uncertain times. Banks, especially, are under tremendous pressure as banking is a part of the list of essential services and the key to keeping the economy alive.
Scott Mullins, managing director and head of Worldwide Financial Services Business Development, AWS, discusses issues ranging from disruptions to new-age banking, to personalization of services to use of AI/ML for an immersive experience.