Financial technology is anticipated to play a significant role in promoting financial inclusion globally. Because of this, inclusive economic growth in the face of the pandemic may be revolutionized by cloud-based IT services for digital banking solutions.
"Fierce competition or fast-changing customer needs financial sector is witnessing unprecedented forces of change. Hence Fintech funding has grown significantly over the past two years, from $23.2 billion to $50.2 billion globally, and is predicted to continue growing over the next two years to reach $60 billion."
The figures highlight the new trends. As a result, the so-called "Digital Economy" has emerged as a tool for economic growth and financial revolution.
The region's policymakers and regulators are under pressure to ensure that the digital economy truly promotes greater economic and financial inclusion, even though the rapid spread of digital services is bringing the new potential to make financial institutions more accessible.
Digital advances have a vast range of possible uses. The financial sector will be jammed by many of these. Intelligent systems, big data, cybersecurity, evolving legislation, and digital workplaces are the five main trends that are defining the digital wave.
What are the IT solutions to overcome digital trends?
Technological advancements like artificial intelligence, machine learning, Microsoft Azure, and cloud services can assist in demonstrating the potential changes in financial services.
The AI-enabled credit score systems, machine learning systems to improve user experiences, and Cloud services to utilize "big data" to create new connections, increase productivity, and boost consumer value are some of the examples of technological advancement in IT services for banking.
Why Choose Bitscape For Banking Technology Consultant?
In financially undeveloped and even in developed emerging nations, fintech has a particularly strong impact on driving financial inclusion. And so, to drive abreast of the latest techniques to keep you in front, financial technology services companies like Bitscape enter the scene with unmatched expertise in providing cutting-edge solutions. The ultimate aim of our company is to simplify our clients' procedures while eventually ensuring the customer satisfactory IT solutions for better development and growth.
"Bitscape's Cloud for Financial Services is a cloud that has been created with financial institutions' security, compliance, and resilience requirements in mind. It is intended to foster trust and enable a transparent public cloud ecosystem."
IT Services For Banking Offered by Bitscape
Bitscape provides to manage client data and interactions, banks use cloud-based CRM solutions. Regardless of location or time of day, this enables financial institutions to maintain track of all consumer contacts. The correct cloud methods also help banks deliver individualized services depending on client requirements and preferences. Bitscape’s Microsoft Dynamics 365 solutions will transform the workspace digitally & gives real-time revolutionary experience to pursue, preserve and provide a better customer experience to users.
In order to acquire insights into patterns and trends in client behavior, banks are increasingly leveraging the cloud for advanced analytics. Banks may develop new solutions that better fulfill customers' demands than ever before by analyzing how customers engage with financial products. Bitscape’s Azure IAAS service helps to manage such data on the cloud which eventually help organizations to take valuable decisions for better advancement.
Ensure that all document circulation in your bank is seamless and entirely automated. Create a single library that can accommodate several document templates. Furthermore, one can receive, route, and finish documents, and create automated workflows. Verify that documents adhere to internal standards and laws.
By analyzing vast volumes of data from numerous sources, banks deploy cloud-based intelligent security to detect and prevent fraud. These aid financial organizations in identifying questionable behavior before any harm results. The intelligent security solution from Bitscape organically coordinates response, investigation, detection, and prevention. Coordinating across email, endpoints, identities, and applications provides total defense against malicious attacks.
With Bitscape’s IT services for banking such as Microsoft SharePoint, employees enable to work on the go they can access company emails, confidential business software, and CRM tools when they are away from the office or during off-hours using their personal smartphones and tablets for real-time monitoring and analysis. Which eventually does not affect productivity and progress.