The banking sector is grappling with a surge in online data and transactions. Simultaneously, there’s an urgent need for banks to expedite cross-border retail transfers. All of this is happening amidst mounting pressure from fintechs and digital banks. Thus, the question arises: how to maintain competitiveness in the era of e-commerce? Read on to learn: […]
How to effectively, quickly, and efficiently monitor 340 different websites for specific information? For a training company, we designed and implemented an efficient process for automatically gathering data from the web. Here’s our take on web scraping. From this text you will learn: A training company aiming to consistently acquire clients needs to stay updated […]
To unlock your organizational success, you need data. And to achieve this success, you need to maintain clean data. Our text explores effective data management strategies that empower organizations to harness the true potential of their data assets. From this post you will learn: How to assess data quality? Data quality depends on many factors. […]
February 2024 will mark the beginning of the Year of the Dragon. In Chinese culture, the dragon is a symbol of power, nobility, and good fortune. Will the banking industry face development worthy of this powerful being? The year 2023 has been technologically exceptional for banking. During the past 12 months, the BFSI industry has […]
European financial institutions are leaders in ISO 20022 implementation, according to an International Information Systems Security Association (ISSA). However, organizations that delay the process deliberately can ultimately be left in the lurch. The landmark year of 2023 is coming to an end. In March, several global payment systems moved to ISO 20022. Among them were […]
In the banking industry, the fewer complaints, the better. How to radically reduce problems with billing purchase discounts? To streamline balancing accounts between the bank and the retail partner you need efficient technology. balancing accounts between the bank and the retail partner you need efficient technology. This article discusses: Efficient complaint handling is a key element […]
The popularity of the Banking-as-a-Service (BaaS) model is on the rise globally. However, many banks and institutions have realized that it could be a potential technological dead end. Is Embedded Banking a better solution? Not necessarily. What if we could merge both models and harness the best of both worlds? In recent years, IT companies […]
The New Payments Architecture (NPA) and ISO 20022 stand a chance to revolutionize the UK’s banking sector. If you add AI to the mix, the vision of “modern banking” goes way beyond what we could expect. But human expertise is still necessary to ensure 100% compliance. The UK has always been at the forefront of […]
To effectively test banking solutions, you need more than the right people and tools. Sometimes the success of the process depends on the adopted methodology. Involving testers at every stage can speed up the work and improve the end result. This article discusses: A core banking application is a very complex IT product. At the […]
A new standard for the exchange of payment data, ISO 20022, came into force in March 2023. Now, bankers have until November 2025 to introduce the necessary changes to their IT systems. How to speed up the whole process, yet maintain the necessary quality? ISO 20022 is a standard for a new payment messaging format, […]