Bespoke Software Solution for Banking & Financial needs

Global banking landscape is rapidly changing with the new technological innovations. It can be seen clearly that all the new fintech start ups are primarily focussing on improving customer interaction with the  financial platform system , it can be  money transfer system ,  electronic money platform system  or any other financial solution. Most of the financial institutions are making great investment in developing advanced solutions for meeting the demand of customers and compliance obligations. One of the advanced solution in banking & financial industry is  Electronic Money . E-money or Electronic money basically refers to money that is present in banking computer systems and that may be used to facilitate electronic transactions. We have seen that due to the growing speed of internet and advanced devices, the electronic payment system has grown increasingly over the last decades. Also along with the rise of electronic payment systems, companies which...

The Banking & Financial Services industry is one of the most data-intensive industries that operate in a highly regulated market. The total volume of data and analytics that would be required in the future exceeds the current processing capabilities. As the technology is getting updated on everyday, the topic of automation is at the top of the minds of many businesses across the world. According to some reports about 40% of the businesses are working on plan to automate their processes and specifically investing in advanced technologies like AI, advanced analytics in order to complete this automation process. Finance process automation is nothing but the use of software to automate key finance-related tasks like preparing financial statements ,accounts reconciliation, and journal entries with minimal human intervention. It enables finance departments to streamline processes and ensure that everything runs as smoothly as possible. Automation process can slot into your curren...

According to some recent reports, the  digital remittance  market across the world was valued at around USD 1.93 billion in 2018 and now it is expected to reach approximately USD 8.61 billion by 2025, slightly above 23.8% between 2019 and 2025. As we know that  money remittance  is interconnected with the banking system in the countries, where funds are securely transferred and received through the set of processes. The digital money transactions can be done in less time regardless of the locations of the user and the receiver wherever, whenever. Many start ups are planning to expand their services and business globally, but while starting a new money transfer business, it becomes very important to complete deep analysis of the market, various factors related to the business like targeted locations, services involved, your affiliates, competitors analysis. Making a plan for complete execution is somewhat different from on ground work. Some other important poi...