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Tag Archives: Operational Efficiency

Understanding the total cost of multi-factor authentication solutions

With technology constantly evolving, many organizations are choosing to deploy multi-factor authentication solutions rather than two-factor authentication solutions because of the increased protection it provides their business. Multi-factor authentication requires users to authenticate themselves with something that they have (e.g. a mobile device), something that they know (e.g. a PIN) …

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Is it really a digital financial institution?

As the banking sector continues its march down the digitization road, patterns have emerged that allow for an objective assessment of whether a financial institution is making serious progress on its journey toward digital. Here are 10 questions designed to get at the heart of that question: Does the financial …

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Video: Top 10 strategic technology trends for 2020

Each year, different technology trends drive disruption and create opportunities for growth and development. Here’s a look at 10 of the top strategic technology trends for 2020 from our friends at Gartner. BFC FinTech Monitor 12th – 19th 10 charts that explain IoT’s growth Video: the benefits and challenges of …

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Video: 3 important ways financial institutions are leveraging Big Data

Our friends at Pepperdata examine 3 important ways leading financial institutions are leveraging Big Data and analytics to improve their bottom line in this quick but informative video.  Infographic: alternative lending timeline Russian bank “Открытие” to use facial biometrics analysis in its branches What banking will look like after the …

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6 ways financial institutions in Singapore are using Big Data

Singaporean financial institutions have been at the forefront of taking advantage of Big Data with innovative initiatives that have resulted in positive results for both operational efficiency and customer satisfaction. Here are 6 ways in which they are using Big Data today: Automating client processes – machine learning helping automate …

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QIWI Group launches Big Data analytics platform

QIWI Group has created its own platform for solving problems related to in-depth analytics and data monetization. QIWI Data is the result of more than 5 years of research into Big Data and offers the group of companies the ability to process data faster as well as increase data security. …

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12 lessons all industries can learn from BigTechs

While most companies turn to BigTechs for ways to make work easier (e.g. with software and apps), they can also teach all industries other valuable lessons about how to do business. Here are 12 ways non-tech industries can learn from BigTech: Embrace failure – non-tech industries should learn to embrace …

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Q-Lana: a new tool to bolster MSMEs in emerging economies

Q-Lana, a U.S.-based FinTech company, was founded to develop the concept of knowledge-based lending as a way to help financial institutions overcome the challenges associated with broader MSME lending and, thereby, spur economic development. Q-Lana is an integrated platform that offers fully-digitized operations and allows other providers to connect to …

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Russian insurers, intermediaries discuss API integration

The Digital Tools for the Development of Insurance Product Partner Sales roundtable was held in Moscow, a first-ever discussion between insurance companies, intermediaries and IT experts in the country. The roundtable was held to discuss how API integration could be leveraged to: increase the speed of consumer integration into insurance …

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New platform makes financial products easier

A new platform called Goodfin now serves as a single access point for consumers looking for financial service providers such as banks and microfinance institutions (MFIs). Goodfin differs from similar platforms by actually using each bank/MFI’s business logic (through an API) with already filled in applications, as opposed to just …

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The changing idea of management and reporting

With millennials and their ideas of what it means to be an employee entering the workforce, many companies are finding it necessary to change their organizational structure and how they operate. This has resulted in employees becoming more independent, the role of managers being reduced and reports increasingly becoming a …

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12 expert opinions on HR tech

Technology is helping advance HR into a new era. Here are 12 expert predictions on the future of HR:   People analytics – technology is making it easier to integrate workforce data into HR decision-making processes. This will increase the effectiveness of human resources in the future.   Hiring and …

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Increased staff turnover costs Kazakhstani companies billions

According to the annual PwC salary and benefit review, Kazakhstani companies continued to improve business efficiency in 2018. The rate of return per employee (Human Capital ROI) grew 14% and reached USD 198,000. The share of labor costs also grew, on average, from 12% to 13%. This can be seen …

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Infographic: top 20 reasons startups fail

CB Insights recently compiled data on 101 startups that ultimately failed. They found a number of different reasons for failure and ranked the top 20 reasons in this illuminating infographic Russian insurers, intermediaries discuss API integration Infographic: artificial intelligence – catalyst of the next industrial revolution 2019 looks for be …

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Five FinTech trends that will define banking in 2019

The banking sector is becoming both more strategically focused and technologically advanced in order to respond to consumer expectations and try to defend their market shares. As such, the importance of innovation and developing new solutions that take advantage of data, advanced analytics, digital technologies and new delivery platforms has …

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9 FinTech marketing strategies for 2019

Deploying the right FinTech marketing strategy is a big challenge in an incredibly saturated market. Here are nine tricks to position FinTech marketing efforts for success: Go mobile with FinTech marketing initiatives –optimize websites for mobile usage; make it fun, interactive and a joy for users to browse through. Make …

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Video: 10 strategic technology trends in 2019

From blockchain and artificial intelligence to quantum computing and augmented analytics, here’s an overview of 10 strategic technology trends that are helping to bring the virtual world and the real world together in 2019. Survey finds fintech firms moving from bank foe to bank friend “Alternative Delivery Channels and Technologies” …

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Infographic: using communication apps in the financial sector

Production and effective communication is vital for any financial company in the modern world. Communication apps such as WhatsApp offer easy communication solutions; however, it is important that financial companies remain compliant with regulations when using them. Check out this infographic for useful tips on how to compliantly use communication …

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5 reasons big enterprises should partner with IoT startups

It is a well-established fact that the flexibility and creativity of startups place them at the forefront of innovation. And such innovation is center stage when it comes to delivering the full promise of the internet of things (IoT). Here are five reasons why big enterprises should look to partner …

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“Box” vs. “platform” IoT solutions: which is better?

Many companies around the world are waking up to the reality that the internet of things (IoT) is rapidly becoming a necessary component to have for any business that wants to grow. However, many don’t know how to get started. While a create-it-yourself IoT solution is possible, it is likely …

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