Digital banking involves the digitization of all traditional banking products, processes, and activities to serve customers through online channels. Banking that is done through the digital platform without any paperwork like account opening forms, cheques, pay-in slips, and so on is referred to as digital banking. It relies on high-level process automation, web-based services, and APIs to provide banks and their customers with high levels of cost efficiency, security, and flexibility.

The smart pairing that will turn your numbers into dynamic C-level insights Financial and tax management has evolved enormously since the advent of computational technology. These days, you can’t just get by on spreadsheets and ledgers – everywhere you look you’ll hear the buzz of the age of automation. Your data needs to be sophisticated, offering essential storytelling to help support strategic insights.

Being a finance professional is stimulating and rewarding, but it comes with a set of unique challenges. The accuracy and timeliness of information is essential, yet for most organizations, the volume and complexity of financial information is growing continuously. Simply working harder doesn’t seem to solve the problem; finance professionals must work smarter, applying the right tools to get the job done quickly, efficiently, and accurately.

Finastra has ambitious goals – to open up the world of finance. As Joey White, SVP of technology for Finastra, says, “The future of finance is open. All of the currently closed systems within banking will need to open to serve a digital future.” To him, open means understanding what you don’t know, specifically, the particular modality of use and that change is the only constant.

In 2019, global venture capital investment in Fintech totaled at least $33.9 Billion. For years, the incumbent players had been warning the sector that when the next recession hit, or when fintech faced a “real” crisis, that the sector would, at worst, collapse, and, at best, see a whole bevy of fintech players disappear

Doing more of the work you want, rather than must, is always the dream. And it’s just plain good business. However, many financial professionals feel that they get bogged down trying to find and connect data, rather than focusing on strategic insights.