Over the years, the world of payments has undergone a significant evolution, moving from the traditional paper cash and coins to digital transactions. As a result, the financial industry has had to keep up with the pace of change to meet the needs of its customers. However, despite the emergence of digital and mobile wallets,
Big data, along with other emerging technologies such as artificial intelligence (AI), machine learning, and robotics, is helping to transform various industries across the globe, including the banking sector. Big data is a result of the need to process data sets that have become too large and complex for traditional tools to handle. By aggregating
As the business world evolves, companies in all industries must adapt in order to stay competitive. The banking sector is no exception, as it faces new challenges such as the rise of internet and digital-first banking, fintech and insurtech, and the shift towards cashless societies through mobile payments. With increased competition from other sectors and
The world is moving, regardless of global recession. It is always time for a lot of industries and sectors to consider the balancing act for digital and physical channels. If the physical channels and the touch do not bring much more value, it makes sense to deliver via the digital channels. For example, maybe what
Future of banks may be different than what you thought. Since its invention and centuries of development, it has become one of the major sectors and industries of the world economy. From 1995 onward the world entered the digital economy and from the recent entire transit toward the fourth industrial revolution (4IR) industry 4.0. Beside
Insurance industry is just like the related banking industry or sector, being strongly rooted in history. The concept of insurance dates back to at least the 18th century B.C., with the Code of Hammurabi (or more specifically c. 1792–1750 BC) . Modern insurance believe to bagan in London in the early decades of the 17th
Google Lens search tool recently announced, and allows you to snap a picture where you can not describe the things in writing what you saw, it will help provide the information for you. This is a great opportunity to boost a lot of the online shopping and video content or rich media. Are you starting
Hackers focus on cryptocurrency exchange and digital token platforms now, if you are yet to be aware of it, you better act on it. Whether you are cryptocurrency exchange or digital wallet service provider, you need to focus your resources to make sure your infrastructure, system, services and application is perform end to end cybersecurity
Since we entered the digital economy, more and more digitalization of the product is being replaced by physical products as the preferred choice or completely phasing out the physical product, or shrinking the demand for physical product. For instance, CD, DVD, Blue-Ray disk, printed book, newspaper, magazines, travel guide and encyclopedia. Phones have become smartphones,