All industries, including financial services, have looked to the cloud to boost resilience

#paperless #digitization

New Normal is an opportunity to industrialize technology and target operating models for finance, risk management and regulatory reporting at banks.

The financial services industry is going through a phase of disruptive transformation with the advent of contemporary technologies, changing consumer demands, new competitors, and, of course, COVID-19.

Real-time payment systems offer significant potential to accelerate growth and innovation in the payments industry. The advent of new-age technologies including 5G, Blockchain and IoT will support real-time payment systems to attain higher speed, rich context, connectivity, and security, while lowering the overall cost of transactions.

Around the world, major industries are experiencing a phase of constructive disruptions.

There is little doubt that 2020 will go down as a landmark year in history & economics book as the COVID-19 crisis continues to significantly disrupt (and reset) economies and communities.

Commercial banking, which has generally lagged in adopting newer technology, is now laser-focused on innovating customer experience. Many consider it a competitive differentiator.

Organizations are under pressure to improve their financial crime compliance, while at the same time trying to reduce operational costs and improve customer experience.

The changing face of identification and authentication in the digital economy

Delivering a remarkable user experience for lenders and consumers

Banking Thought Leadership

The financial services industry, perched on a vantage point, is poised to take a hegemony in creating a new identity ecosystem.

Business networks, such as supply chain, trade finance, lending networks, or others, always involve some form of payment or verification in each digital interaction.

Open APIs shaping payments landscape and creating a massive connected API economy. An Application Programming Interface plays significant role in transforming interactions between systems across organization.

The case for cloud-based domain-driven microservices in the banking industry

Commercial Customer onboarding is a complex process which needs streamlined processes in siloed bank scenario

Cloud computing is the foundation of the technologies that enable digital transformation.

Financial services organizations are emerging as the leading adopters of Artificial Intelligence technology

A blog on artificial intelligence in banking operations, by Vikram Chandna. Vikram is the Vice President of banking, financial services and insurance business in Latin America in Wipro and is also responsible for Wipro’s top client globally.

With banking products becoming increasingly commoditized, Analytics can help banks differentiate themselves and gain a competitive edge.

The demand for cards management and transaction processing (CMTP) technologies and capabilities continues to grow. What options do I have? How should I approach the challenge? Who can I turn to for help?

There is no dearth of material to tell us what is blockchain, how it is going to transform our lives in the years to come, where it could be applied, etc. and the list is endless.

Collaboration for skip trace debt in Banking industry

As we near the end of 2016, Banks continue to form Blockchain consortium groups to develop platforms and test this technology, the most prominent being R3CEV, Hyperledger Project and the like.

Plethora of regulations were imposed on US and global banking system in 2010, post financial crises primarily with a desire to promote market discipline and protect consumer interests.

Companies like Airbnb, Amazon, Alibaba, Uber etc. have caused major industry disruptions and have radically transformed customer experiences and interactions. They have set the stage for an inspired lot to fuel competition, drive up efficiencies across different industries and deliver higher value to customers.

The way to go for biometrics in banking. From single Authentication to Multi-channel options of verifying one’s identity.

This report highlights the power of collaboration between key partners and financial institutions as they meet the challenges of today’s capital markets. It looks at specific action items that came out of the Innovation Day and the tools and solutions that Wipro offers for meeting the needs of the bank’s testing team.

Open APIs shaping payments landscape and creating a massive connected API economy. An Application Programming Interface plays significant role in transforming interactions between systems across organization.

Commercial Customer onboarding is a complex process which needs streamlined processes in siloed bank scenario

The case for cloud-based domain-driven microservices in the banking industry

The financial services industry, perched on a vantage point, is poised to take a hegemony in creating a new identity ecosystem.

Traydstream is delighted to announce a global partnership with Wipro Limited

Delivering a remarkable user experience for lenders and consumers

Organizations are under pressure to improve their financial crime compliance, while at the same time trying to reduce operational costs and improve customer experience.

Commercial banking, which has generally lagged in adopting newer technology, is now laser-focused on innovating customer experience. Many consider it a competitive differentiator.

Around the world, major industries are experiencing a phase of constructive disruptions.

There is little doubt that 2020 will go down as a landmark year in history & economics book as the COVID-19 crisis continues to significantly disrupt (and reset) economies and communities.

New Normal is an opportunity to industrialize technology and target operating models for finance, risk management and regulatory reporting at banks.

Real-time payment systems offer significant potential to accelerate growth and innovation in the payments industry. The advent of new-age technologies including 5G, Blockchain and IoT will support real-time payment systems to attain higher speed, rich context, connectivity, and security, while lowering the overall cost of transactions.

Real-time payment systems offer significant potential to accelerate growth and innovation in the payments industry. Instant payments, with low cost and irrevocability, yield systemic benefits for all parties in the transaction.

Trade Finance products and services have served as a critical enabler of global trade growth and economic development. The business has developed from a simple financial instrument that facilitates trade to a span of corporate offerings including finance.

#paperless #digitization

The financial services industry is going through a phase of disruptive transformation with the advent of contemporary technologies, changing consumer demands, new competitors, and, of course, COVID-19.

When the results of the 2020 ICC Global Survey on Trade Finance were released in July 2020, John W.H. Denton (AO), the General Secretary of the International Chamber of Commerce (ICC), said the survey “indicates that banks are highly optimistic about the long-term future of trade finance and are looking to invest further.”

Superannuation is a primary social security tool for Australians. As a compulsory retirement savings instruments for Australian citizens, superannuation funds play an important role for citizens as well as Australian economy.

Amid rapidly changing customer behavior, digital transformation in the banking industry

In virtually every industry, disruption has been the order of the day

There is no dearth of material to tell us what is blockchain, how it is going to transform our lives in the years to come, where it could be applied, etc. and the list is endless.

Santhosh Nair, Vice President & Business Head -- Risk & Compliance, BFSI Products and Solutions Group, talks about creating differentiated solutions to enable institutions to manage their risks better and secure regulatory compliance.