Current Trends

Data Democratization

Transforming employees to Citizen Data Scientists Data monitoring and analysis Data Democratization is about facilitating organizational data’s access to as many employees as possible, given reasonable limitations on legal confidentiality and security. The idea is to embrace data driven decision making into the organization’s culture, and to make data available …

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From VUCA to BANI: How to expect the unexpected

The creator of the BANI concept is Jamais Cascio, an American anthropologist, futurist, and author. Triggered by the various crises our world is facing—climate, pandemic, inequality and global instability, to name a few—he concluded that existing concepts such as VUCA are not appropriate for a rapidly evolving world. A new …

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Hybrid Working: The Future of Work

Hybrid work is a flexible work model that supports a blend of in-office, remote, and on-the-go work styles. It offers employees the autonomy and flexibility to choose to work wherever they are most productive. Hybrid work model is a people-first approach that puts people, their needs, wants and well-being at …

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Net Zero: A New Pathway for Banks

Background for Net Zero Target: Collaborative efforts are being called for to reach net zero by 2050. Reaching net zero emissions means balancing the greenhouse gases we emit into the atmosphere. Under the Paris Agreement in 2015, 197 countries pledged to keep temperature rises “well below” 1.5°C to avoid severe …

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Micro-credentials

The Emergence of Alternative Credentials Definition/Concept: There is no standard definition for micro-credentials in terms of period of study, range of content or specific forms of assessment. However, a micro-credential sometimes referred to as a micro-degree or micro-masters can be described as a recognized proof of the learning outcomes that …

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Unified Payments Interface (UPI)

Background: At the turn of the century, digitization of the economy has become the speediest factor driving globalization. This new and faster payment system, called the Unified Payments Interface (UPI) implemented by the National Payments Corporation of India, aims to facilitate instant funds transfer, along with opening doors to an …

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Wearable Technology in Banking

Introduction: While the world is still embracing mobile innovation and determining additional use cases for adoption, wearable technology is building upon this foundation to directly embed the power of smart devices to accomplish banking transactions. Today, we’re closer than ever to wear a full branch experience. To improve the adoption …

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Faster and Real-Time Payments

Background: Modernizing payments is no more an option for banks to sustain their growth in the financial sector. As the financial landscape evolved, consumers and regulators are raising their expectations of instant payment options. Transactions that used to take days are now availed in seconds. Tech-savvy consumers and businesses value …

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Banking in the Metaverse

Concept: The metaverse is a seamless convergence of physical and digital lives, creating a unified, virtual community where people can work, play, transact and socialize. The concept of the metaverse is still early in its evolution, and there is no singular, all-encompassing definition to which people can turn. A key …

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Operational Resilience in Banking

“In a world where organizations are faced with complex Technology, Cyber, Data and Third Party challenges, enhancing your firms Operational Resilience is rapidly becoming a strategic priority ” Owen Lewis, Head of Management Consulting, KPMG Ireland Definition: Operational resilience is generally defined as the ability of an organization to continue …

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