Mayuri Jain Senior Manager, BFSI Industry Marketing at Persistent Systems Inc.
FedWire, operated by the Federal Reserve Banks, is essential for large-value and time-sensitive payments, ensuring secure and efficient fund transfers between financial institutions. As the financial landscape evolves, the upcoming modernization of FedWire presents significant implications for financial enterprises. Importance of FedWire FedWire...
07 June 2024 /payments The Payments Business
In the ever-evolving landscape of finance, Natural Language Processing (NLP) has emerged as a game-changer. This innovative technology, which enables computers to understand and interpret human language, is transforming the way financial institutions operate, enhancing efficiency, and offering new insights. Here’s a deep dive into why finance is i...
29 May 2024 /ai Banking
“In times of economic turbulence, diversification isn’t just a strategy—it’s a lifeline.” This powerful statement underscores the critical importance of diversification for commercial lenders, especially in today’s volatile economic landscape. In an era marked by rapid technological advancements and unpredictable market dynamics, commercial lender...
15 May 2024 /cloud Banking
In recent years, the term “green-hushing” has emerged in the corporate world, reflecting a growing trend where companies are becoming more reticent about publicly discussing their Environmental, Social, and Governance (ESG) initiatives. This phenomenon is a stark contrast to the once fervent embrace of ESG principles, where firms were eager to hig...
14 May 2024 /sustainable /inclusion Sustainable compliance
From the moment a borrower expresses interest in getting a loan to the final repayment, a bank’s communication strategies shape the customer’s perception of its lending process. Many financial institutions underestimate the impact communication can have on their ability to deliver a positive experience. The moment a borrower feels confused or stre...
14 May 2024 /people /cloud Banking and Lending Solutions
Building societies are a vital part of the financial services industry, known for their mutual model that prioritizes the interests of members and local communities. Many have been serving their communities for over a century, offering innovative mortgage and savings products. However, in an era where technology evolves rapidly, staying relevant a...
13 May 2024 /cloud Banking and Lending Solutions
In the rapidly evolving landscape of financial services, credit unions face a unique set of challenges and opportunities. While committed to their member-first ethos and community focus, credit unions must navigate an increasingly digital world. Modernization is not just an option; it’s essential for survival and growth. Here’s how embracing techno...
13 May 2024 /people /cloud Banking
In the world of finance, the winds of change are blowing stronger than ever before, sweeping across the landscapes shaped by legacy systems and traditional business practices. Financial enterprises find themselves at a intersection: one path leads to continued reliance on outdated systems, and the other towards a future of digital innovation and m...
10 May 2024 /cloud Banking
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