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, […]
Banks aim to keep up with consumer expectations in the credit cards segment. However, any major credit card issuer must thoroughly screen customers first. Digital wallet one thing, but a fully virtual credit card requires the automation of backend processes in a given market. This article discusses: The credit card is a long-standing banking product […]
By utilizing data from both MySQL and Microsoft SQL, an industrial manufacturer could streamline their workflow while keeping historical CIMCO project data. The key to success was a proprietary custom software developed by CCA Europe. How to eliminate bottlenecks in business processes? Often, their root cause is poor communication between departments, which leads to information […]
Wrapped in data, and with its volume growing faster than ever, decision-making is dependent on reliable information. Bringing the information stored in different data lakes together for the overview that the executives need is a major challenge. That’s where data integration technologies come in handy. This article discusses: Data integration is meant to aggregate data […]