Experience! How do you craft a digital experience for your consumers? BY providing them a robust, stable, highly efficient digital platform, but have you thought that 80% of the digital experience is driven by the way UI/UX has been designed. Neo Banks aka challenger banks that are 100% digital, the UI/UX weighs a lot more...Read More
Just a few days back we got an interesting query on our website chat – Which new technologies already present in foreign countries can be adopted for Indian banks? My one term answer to that question would have been – Neo Banks! Yes, Neo Banks are the answer to the efforts– cashless banking, automated payments,...Read More
The post first appeared on linkedin. To get more such insights, please connect with me here. I often get this question – How different is a Neo Bank from a traditional bank? I love to quote : Neo Banks are “INCH wide and a MILE deep” platforms for users addressing their day to day decision making and banking integrated. Neo...Read More
The post first appeared on linkedin. To get more such insights, please connect with me here. What is the longest distance you traveled to avail a service? Okay, I am not talking about marathons! But while you are reading this on your smart device waiting for a booked cab or live cricket score, pause as […]Read More
When was the last time you stepped into a brick and mortar bank branch for financial transactions? It sure has become a rarity for many of us, maybe even unheard of for most millennials. Most banking operations are just a click away today. Welcome to Digital Banking! As advanced as it may seem now, banking...Read More
Digital Banking is all about the transformation, where the consumer rather than the technology, is in the driver’s seat, and this MATTERS. It’s about digital money deposits, withdrawals and transfer of money from one account to another. It’s also about Account Management to loan management to paying all your bills digitally. Digital Banking essentially entails...Read More
Financial Inclusion helps lift people out of poverty and can help speed economic development. It can draw more women into the mainstream of economic activity, harnessing their contributions to society. – Sri Mulyani Indrawati, Indonesian economist, Minister of Finance of Indonesia since 2016 Economic growth of a country depends on factors like national income, per...Read More
Data sharing and Big Data have become the trending topics in the financial world of late. With the advent of many Fintech start-ups, traditional banks are undergoing a major shift. They, now, are looking forward to modifying the way they operate, to survive the cut-throat competition from their peers. This is when the idea of...Read More
Banks are aware of the fact that they are no longer serving the traditional customer base, they are in dire need to transform their business models and stay relevant in the industry. Here are the four pillars that could help the banks in realigning their business models either with a handshake with fintech firms or...Read More
You might have been using your ATM card as an easy substitute for checkbook, but did you know then, that it was just the start of an era? As more time passed, more and more alternatives for traditional banking arose, changing the scenario forever. Not to mention the lack of traditional banking infrastructure which also...Read More