Search by category: Banking software
Conversational AI for finance is a true industrial paradigm shift. The financial inclusion rate has been steadily rising over the years, which led to the fact that over 70% of the global population has an account with one or even several financial service companies. The idea that people still handle this work volume is enough…
Remember the days before AI chatbots in banking? You’d call a friend in the morning and say, “I’m busy till the evening — going to the bank, you know the lines there.” Or this: “Press 2 to check your card balance, press 3 to contact an operator”. How annoying was that, right? Now, imagine you’re…
Big data analytics in banking is everything. This industry is built on the idea that today you should be making decisions wiser than yesterday’s, so it doesn’t say no to the opportunity for amelioration. Mordor Intelligence writes that the banking market size is expected to grow from $6.97 million in 2023 to $19.72 million around 2028,…
The path of SaaS product development can be extremely rough. Even after launch. Even for the industry’s torch-bearers. Guess which SaaS product had to ramp up its infrastructure to handle a huge spike in market demand due to the pandemic? Zoom. Which company had to revamp its software from top to toe when streaming technology…
Is implementing blockchain a good idea? See for yourself. According to Buy Bitcoin Worldwide, “the global blockchain market will be worth $1,431.54 billion by 2030, growing at a CAGR of around 85.9% from 2022 to 2030.” The same source states that blockchain can reduce 30% of banks’ infrastructure costs, i.e., more than $10 billion every year….