Some of the most pressing factors to an urgent need to digitise credit risk management are competition from digitally strong, emerging fintech firms, highly volatile market conditions and cyber security threats that can lead to data privacy issues. The pace of technological disruption has never been stronger than now, and organisations need to ramp up […]
Critical Steps to Ace Your Bank’s Cloud Transformation
Ever since banking has gone digital, security risks have drastically multiplied. As a result, banks need to opt for high-end & secure data storage units that reduce the chances of malicious attacks and enable quick recovery. These factors (among others) have led many banks to opt for cloud computing and storage in recent years. As […]
Rising Concerns Around Data Privacy with Growth of Digital Lending
The digital lending landscape has witnessed a tremendous boost, especially during the Covid, which has shifted borrowers online searching for viable loan products online. Fifty-seven per cent of consumers prefer internet banking, according to the latest World Retail Banking Report. That’s nearly half the world’s commercially active population reaching out to online banking channels. So, […]