AI in Banking: Use cases of Artificial Intelligence and Machine Learning in Banking
Artificial intelligence (AI) and machine learning (ML) have driven the inception and rapid growth of the global financial technology (Fintech) industry. Industry data suggests that by 2026, the global market for AI in banking will reach USD 26.67 billion, with a CAGR of 23.17% from…
Benefits of Upgradation from Monolithic to Microservices platform in Banking
Microservices architecture has grown in popularity in recent years, notably in industries such as banking and Fintech, with an estimated global market size projected to reach approximately $7.45 billion in 2025 By breaking down large systems into smaller, autonomous services, banking microservices architecture provides a variety of benefits…
Micro Lending – The Future of Borrowing
Welcome to the future of lending! The financial landscape is undergoing a seismic shift. Gone are the days when borrowing money meant navigating a labyrinth of bureaucracy. Today, Micro Lending is revolutionizing the way we borrow money, offering faster processing times, lower interest rates, and…
Beyond the Browser: Reimagining Net Banking for the Connected Consumer.
The modern consumer lives in an interconnected world, where every interaction, from ordering groceries to hailing a cab, is just a few taps away on their smartphone. This paradigm shift has created an expectation for seamless, intuitive, and always-on experiences across all facets of life…
Digital Onboarding & User Experience: The Gateway to the Modern Financial Customer
In an age defined by instant gratification, the customer journey begins long before a physical interaction. With technology at our fingertips, consumers expect immediate results, from a simple search engine query to a complex financial transaction. This expectation has fundamentally reshaped the banking landscape, making…
Superapps: The rise of new era for Digital Banking
The concept of a superapp, super app, or super-app has changed the way users interact with digital services. A super app creates a mini app ecosystem that integrates various functionalities into a cohesive platform. By leveraging its platform’s unique capabilities, it can offer a seamless,…
Lifestyle Banking: Reshaping the future of consumer banking
Over these years, the banking industry has undergone drastic changes driven by digitalization and changing consumer preferences. Banks and financial institutions are looking forward to a concept that aims to provide a comprehensive omnichannel banking experience that seamlessly integrates with various aspects of customers’ lives. Recognizing…
Identification, Authentication, and Authorization: The three Cornerstones for Digital Security
In today’s new digital era, all our activities and interactions are constantly monitored and verified. We must be continually identified, authenticated, and authorized to access any service. While these terms are often used interchangeably, they are distinct processes that play crucial roles in ensuring online…
Omnichannel Banking vs. Multichannel Banking: Why One Reigns Supreme?
In today’s digital age, how customers interact with banks and financial institutions has dramatically transformed. The rise of technology has given birth to various banking channels, from traditional branches to mobile apps. Today’s customers demand more flexibility and convenience than ever before when it comes…
The New African MSME Banking Era: Empowering Growth Through Digital Tools
Africa’s economic future is bright, fueled by a burgeoning population and a vibrant spirit of entrepreneurship. The Micro, Small, and Medium Enterprise (MSME) sector is at the heart of this growth. However, MSMEs often need help accessing the financial tools they need to thrive. This…