For businesses navigating the digital age, fraud is a huge issue. Cybercriminals exploit companies in every industry, using account takeover, social engineering, and user impersonation techniques to access customers’ bank accounts. Online payment frauds increased in the year 2017 following a downswing earlier in the decade, according to the 2018 Association of Financial Professionals payments… Read More »
It is no hidden fact that the pandemic has caused a draining effect on the global economy, besides the severe health damage we witnessed. The pandemic brought the economic activities to a near-standstill of all the countries worldwide, as they imposed strict restrictions on the masses’ movement.Fin The pandemic was expected to plunge every country… Read More »
The new age of digitalization is progressively making inroads, nibbling away at the old age perception, radicalizing banking. Innovations such as Wechat and Paytm are diminishing the need to visit an ATM. The laser focus is on customer habits and behaviour, contrary to the traditional banking methods solely gravitating towards their own strategic agendas. There… Read More »
The banking system has gone through quite a few changes over time; from traditional banking to online structures, with mobile and digital banking becoming the most recent trends. Given the availability and extensive applications of emerging technology, traditional formats and prerequisites have been replaced with modern facilities and seamless experiences. Limiting physical contact and opting… Read More »
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