Tag Archives: outsource financial services

Is Cloud Adoption the Future of Back-office Operations in Banking?

Is Cloud Adoption the Future of Back-office Operations in Banking?

Posted on August 8, 2019

There’s no denying the fact that these days most of the banks worldwide are increasingly witnessing data volumes, burdensome legacy infrastructure, greater regulation, and a huge deal of competition. Also, owing to the increasing necessity for enhanced consumer services, even the world’s best of banks are getting under tremendous pressure. As per many experts, the adoption of the cloud could bring a sea of advancements in the future of back-office operations in banking. Wondering how? Let’s find out –

  1. It Can Minimize Overheads
    Switching different back-office applications to the cloud will let firms minimize the whole expenses of ownership. In this process, overheads could be decreased because there would be no requirements for hardware or software licenses. Hardware, as well as software upgrades, can be performed with the aid of the vendor. This will invariably bring down the costs of user training as well.
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Blockchain for Secure Online Transactions

Try Blockchain for Secure Online Transactions

Posted on January 26, 2017

The business environment today has completely changed from what it was, a decade ago. Nowadays, most people shop online and most of the businesses carry out online transactions. Most of the countries are now stressing on developing the cashless economies, and this is one of the biggest signs that the financial services industry is ready for a change, which might be brought to the forefront by “Blockchain”.

What is Blockchain?

Blockchain, a leading distributed transaction processing technology being used by the Bitcoin cryptocurrencies, is increasingly becoming one of the hot favorites of the technology industry as it offers highly secure online transactions.

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