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The sales and marketing industries have been using cloud computing technology for a while now. Still, it’s only recently that financial institutions took a risk and moved their core operations to the cloud-based banking platform. Banks have managed to succeed in this digital transformation despite all fears and prejudices as it allowed them to reduce…
What were bank-customer relations like? Usually, people were introduced into the concept of the bank in their teenage years and stayed with the preferable banking institution all their life. That was standard practice for decades. In 2013, the European Commission proposed the PSD2 (the Payment Services Directive), and open banking development began. The directive obliged EU…
Banks are now actively investing in corporate banking solutions that help them cope with challenges and discover new opportunities. Digital transformation is a way to expand their customer base and improve the user experience through the use of modern technologies. They enhance commercial banking software, allowing financial institutions to cooperate with corporate customers more closely…
It’s not rocket science to answer the question ‘what is insurtech?’ from the perspective of the meaning of the word. A much more exciting issue is revealing how insurtech is improving and transforming such a historically conservative industry as insurance. Our new article will focus on the current trends and prospects for development to make…
Have you ever taken an interest in application development? Or maybe, inspired by the tremendous success of the ride-sharing giant Uber, you’ve dreamt of creating your own app? In fact, Uber is considered to be the best taxi application on a global scale, and despite the harsh competition, the company remains the dominant player within…