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Tag Archives: Digital Transformation

Data’s role in digital transformation after COVID-19

In recent months, there has been a deep cultural change in the way we live our lives and conduct business. This change, brought on by the COVID-19 pandemic, is largely being driven by digital transformation initiatives, which became front and center as the world was urged to stay home. Fortunately, …

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Top 8 ways COVID-19 is (and will) impact the payments industry

Thus far, the global payments industry has proven resilient to the effects of the COVID-19 pandemic, but the industry is far from immune. In the short term, payment providers will need to prepare to adjust to new realities by adapting their operating models to be more flexible. The long-term impact …

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Could the COVID-19 pandemic ignite a mobile payment movement?

While the COVID-19 pandemic has been a boon for many services (e.g. remote work apps, e-learning tools and e-commerce solutions), the mobile payments industry has seen a huge plunge in numbers due to lockdowns, physical distancing measures and people reducing their discretionary spending. At the same time, retailers that have …

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The case for creating enriched digital identification processes

As the world heads toward an increasingly digitized economy, there are more and more choices for how individuals and businesses consume financial services. But in working toward this future and its seemingly inevitable integrated digital ecosystem, some important issues remain unresolved. Perhaps one of the most important is developing efficient …

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7 typical use cases for biometric technologies in the modern world

Biometrics takes advantage of the unique biological characteristics of people to identify and authenticate individuals in a reliable and fast way. Here are 7 typical use cases for biometric technologies that best exemplify the promise of biometrics: Law enforcement and public safety – an automated biometric identification system (ABIS) can …

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How machine vision can transform financial services

Machine vision is slowly but surely making inroads in the financial sector, with many financial institutions already examining its potential to make life easier for both consumers and financial institutions themselves. Here are some the most important ways machine vision is likely to transform financial services:  Know-your-customer (KYC) processes – …

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A quick glance at Asia’s FinTech prospects

Asia, driven by fierce competition, has been a global leader in terms of FinTech adoption. Let’s take a look at 3 key trends expected to define FinTech in Asia over the coming years: China continues to be a leader. China is still the market setting the pace for FinTech innovation …

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12 Fintech Trends To Watch For In 2020

Many experts think that 2020 will become a year of greater changes and transformation in financial industry. Let’s have a look at the trends that are expected to disrupt banking and financial services this year and beyond.   Digital Payments Apple Pay, Google Pay, Samsung Pay and other systems have …

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11 Big Data trends for 2020

Given that the Big Data market is projected to become a more lucrative field in the coming years, it seems only too appropriate to take a quick look at the 11 most important Big Data trends driving the current landscape. Digital transformation waves – digital transformation (including the internet of …

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Top 10 digital transformation trends shaping 2020

Digital transformation continues to be a gamechanger in many industries around the world, including the financial industry. Given its importance in shaping our future, it is worth taking a quick look at 10 of the most significant digital trends expected to define 2020: Consumer experience connections – the consumer experience …

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How Gen Z will reshape digital banking

Generation Z (gen Z) presents a new breed of consumers for financial institutions. Technologically-savvy and highly-educated, they bring a new mindset and type of consumerism for financial institutions to grapple with. Here are 3 areas in digital banking that are likely to be reshaped by this new generation: Semi-autonomous digital …

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Talent deficit hinders digital modernization efforts

With the IT modernization movement moving beyond the initial euphoria of the promises of digital technologies and into an understanding of the realities of what it will take for full modernization, many companies are facing a serious issue on this long-haul journey – the huge talent deficit,  particularly for AWS, …

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Key innovations changing Russia’s financial services industry

Digital transformation of the Russian financial sector already has a solid base. And with more and more Russians taking advantage of remote service channels and becoming connected to regular internet access, there is tremendous growth potential for digitalization in Russia. In order for this to come to fruition, there are …

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Infographic: Top 10 digital transformation trends For 2020

The digital transformation trends of 2020 are defined by a fresh new class of technologies, including 5G, artificial intelligence and advanced data analytics. This infographic explores the top 10 digital transformation trends expected to have the most significant impact in 2020. Top 7 digital transformation trends shaping 2020 Infographic: banking …

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