This article shares some snippets from a recent report prepared by MEDICI in partnership with Aerospike, which focuses on sharing knowledge and promoting interest in NoSQL databases and exploring collaboration opportunities and business benefits derived from NoSQL databases, specifically for the financial services industry.
The banking industry’s digital transformation initiatives are primarily divided into digitization drives undertaken by incumbents, and new digital-only banking models such as challenger banks and neobanks.
This article explores how NoSQL helps in financial crime detection and fraud management.
The evolution of payment systems over the years has culminated in increased demand for instant transaction processing. Consumers are no longer content with slow interbank clearance processes that used to take from a few days for local payment processing to a week for international payments.
Technology is changing the customer experience in the financial services industry. Today, customers expect to get everything done in just four clicks – this continuously increasing pressure to meet customer expectations is forcing financial institutions to innovate and introduce digital-first offerings as well as use the latest available technology capabilities to improve their back-end processes.
Let’s start with the basics. A database is an organized and systematic collection of data that can be stored and accessed electronically. A database management system (DBMS) is an integrated software package designed to allow users to access, manipulate, analyze, manage, and retrieve data in a database.
The world of Financial Services had embraced the concept of the Digital Imperative before the Pandemic changed our ways of lives; but as the world moves online and the amount of data generated grows exponentially, there is now an added urgency.
As the world adapts to the virtual, online mode of streaming data, a mighty crowd gathered to learn about the underpinnings of how to manage said streams; the 2020 Kafka User Summit, held online August 24-25. So why did 30,000 plus folks register to learn the latest; what is the latest, and why did Aerospike choose to sponsor and present?
In this blog post we look at the findings in Adobe’s Digital Economy Index, released at the end of June 2020. After we examine their observations of the larger trends, we highlight the key factors that drive success in today’s ecommerce winners.
If you’re in the business of making and selling something, improving the customer experience is an essential focus, now more than ever, with the world’s essential pivot toward online experiences. While every enterprise will have their own key focus areas, needs and approaches, the 2020 Update from 451 Research highlights some elements of CX trends that will drive success or lead to failure.