With digital payment companies fiercely competing with traditional banking institutions, we take a look at what lies in store for the BFSI sector in 2018.
Here are some of the recent and emerging trends, technologies and tools that are likely to transform the BFSI sector in a technologically disrupted tomorrow.
Regulatory agencies like RBI and IRDAI are taking steps to secure BFSI companies from cyber threats.
BFSI companies were possibly the biggest target of cyber criminals over the last couple of years. The trend is likely to continue as cyber criminals will continue to find innovative ways to steal identity and money.
In the age of digital natives that can onboard a customer using a single mobile device, a bank’s conventional form-photo-sign onboarding process is clearly a dealbreaker. Here is how to tread the tightrope between regulatory compliance and frictionless customer experience.