Today, the significant percentage of the world population, or approximately 7.4 billion,is under the age of 30. Over the next10 years, Gen-Y should constitute the majority of ‘wealth accumulators’ in developed economies and will look for financial products to maximize their wealth. This segment is expected to have a higher
The Role of Information Technology in Business Success Innovation is the great way to success in this digital age. The path of innovation in business means doing something different, smarter or better that will make a positive difference in terms of value, quality or productivity by using emerging or proved technologies
How technology will transform banking: Blockchain, digital challengers and IoT I think the time is now right to give consumers what they really want. Amazon has changed shopping, iTunes has changed music, but nobody has changed banking. It needs people who know about banking and are passionate about technology to change
Coming year will have many challenges for IT management and staff. The issues include new technology, cloud, big data, virtualization, BYOD and BYOA, shadow IT, boomers, energy efficiency, user systems, interoperability, creating value and social networks. The industry will need huge additional manpower in cyber security. Skills challenges in all segments
With the advancement of disrupting technologies, from mobile wallet to social media, tablets, Augmented Reality (AR), Virtual Reality (VR) and 'de-banked' digital consumer, one argues if banking is a place we go to, or rather something we do. Bill Gates, former chairman of Microsoft, surprised many, saying, 'Banking is necessary, banks
A Risk Register is a Risk Management tool commonly used in Project Management and organizational risk assessments. It acts as a central repository for all risks identified by the project or organization and, for each risk, includes information such as risk probability, impact, counter-measures, and risk owner and so on.
The banking Industry is going through an age of turbulence. With the upsurge of technological accuracy, risk in banking industry is also evolving. Incidents of fraud are increasing and becoming a threat both for the consumers and regulators. At the end of January 2016, HSBC came under a cyber-attack leaving consumers