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How can digital transformation help financial institutions meet constantly changing customer expectations and regulatory requirements 2023?

digital transformation

As the influence of the internet and technology is increasing in this world, consumer expectations are rising dramatically. Today people want everything digital in the form of online services or applications. We all know the traditional processes and culture of the finance industry. But today, people want digital transformation in financial services to gain maximum […]

Why is it essential for financial institutions to offer digital business models and excellent customer service?

Why is it essential for financial institutions to offer digital business models and excellent customer service?

“Go Digital” is a trendy slogan resonating all around the world. For most sectors, it has been a cakewalk to adopt digital transformation. However, for financial institutions, the process is slow. With the world advancing faster toward digitalization, it is high time for financial institutions to adopt digital business models. Today with technological advancements and continuous innovation, […]

What is the significance of digital security in the finance and insurance industry?

What is the significance of digital security in the finance and insurance industry?

Safety and security is one of the critical aspects of the finance and insurance industry. Today, with the increase in technological advancements and the world ultimately going digital, data is seriously threatened. The finance sector primarily functions on confidential and sensitive data. Hence, digital security in the Finance is essential to every financial institution. The surge of […]

What role does regulatory compliance play in the industry?

What role does regulatory compliance play in the industry?

Have you ever imagined your life without rules and regulations given by your parents? You will be thinking that it can be thrilling or exciting. However, the truth is that the thrill will last only for a few hours or days, and you will return to being confused and landing into unnecessary problems. The idea […]

What factors are putting additional pressure on the industry in 2023?

affect businesses

The growth of the finance industry has been gradual yet significant. The finance sector was the most underdeveloped one before the advent of the internet and technology. Digital transformation has modernized the financial services industry. However, factors always affect businesses that bring challenges into the industry. Many external and internal factors affect the banking and financial services […]

What is a Business Process – Definition, Types, Characteristics, Importance, and Lifecycle

business processes

Business processes (BP) are an integral part of business organizations. Companies or businesses cannot operate properly or succeed without implementing structured processes. Structured processes are the way to keep business operations organized, transparent, and consistent among teams and assist businesses in meeting their goals and objectives. So, in this article, let’s dig deeper into the […]

Top 10 BPM Best Practice Proven Effective In Businesses Of All Sectors

bpm best practice

Business performance is the epitome of its brand image and eventually helps it avail success in the long term. The rise of business process management is quite evident in all industries. But, if you think that business process re-engineering and business process management are the same, then you are living in a myth. We are […]

How Process Intelligence Improves Automation?

Process Intelligence

Automation has already taken over the world and helped businesses in every sector. Whether it is about enhancing customer experience or saving operational costs, automation is the way to go.  But it is important for one to do it right. It is quite a daunting task to automate the right processes, and this is where […]

Business Process Mapping Pitfalls

Business Process Mapping Pitfalls

Business process mapping Pitfalls is a valuable tool for companies looking to improve their operations and streamline their workflows. By visualizing the steps involved in a particular process, businesses can identify bottlenecks and inefficiencies, as well as opportunities for automation and optimization. However, like any tool, business process mapping has its limitations and potential pitfalls. In this […]