The dynamic and evolving business landscape has compelled companies to leverage technology, such as financial analyzer software, to streamline operations and boost business deliverables. With data analysis and software-as-a-service or SaaS taking centre stage in recent years, businesses that have embraced these innovations have gained the upper hand over their competitors. Additionally, businesses that stay […]
From food stall owners to rickshaw drivers, restaurants to airports, quick response codes or QR codes have become a staple in the Indian digital payments ecosystem. The entry of fintech startups, the COVID-19 pandemic, and the efforts to improve customer convenience have propelled the demand for QR codes, especially in the emerging Southeastern economies. Currently, […]
The banking habits of the public have undergone a drastic change in recent years, thanks to rapid technological advancements and increased access to banking services. From cash to ‘plastic money,’ monetary transactions have evolved to digital receipts and payments in which money changes hands within seconds. In 2022, India topped the list of countries for […]
Accounting is considered to be one of the oldest professions in the world. Every business needs the accounting function to thrive and be efficient, as it drives growth and optimisation. Currently, the accounting process faces several challenges as the amount of financial data generated from digital processes keeps increasing. Bookkeeping alone – which requires systematic […]
In the digital era, precise financial record-keeping is crucial for customers and corporations. Learning how to scan bank statements can provide valuable insights into transactions, facilitating informed financial decisions. However, manual processes are often error-prone and time-consuming. Automating bulk scanning for bank statements is recommended to improve efficiency and accuracy. According to IDC, banking is […]
Today, data-driven decisions have become a success mantra for many forward-looking businesses. The traditional way of making impactful decisions based on intuition or limited data points can result in an opportunity loss. This is where software solutions powered by Artificial Intelligence (AI) score over legacy software. The AI software market is projected to grow from […]
Bank financial statement analysis is critical for assessing the financial health of banks. However, manual analysis of complex financial statements requires significant time and effort to extract, organise, and interpret data accurately. On top of that, intricate financial instruments and diverse accounting standards further complicate the process. To enhance efficiency, banks are adopting technology-driven solutions. […]
Offering outstanding customer service is crucial for financial institutions to stay ahead in today’s competitive banking environment. A Business Wire study notes that 72% of customers seek personalised services. Therefore, banks have to seek creative approaches to satisfy their demands constantly. One such strategy is using innovative technologies like bank transaction analysis to improve customer […]
Today, a growing number of businesses, including a mix of e-commerce platforms, retail companies, and electronic businesses, accept payments in Bitcoin cash and other cryptocurrencies. This trend mirrors the growing number of interested consumers who are investing and transacting in cryptocurrency. According to a 2022 survey, over 75% of retailers have plans to accept either […]
Emerging forces, like geopolitical tussles, socioeconomic factors and climate change, have increased the demand for improved risk management in the financial services sector. Breakthrough technology like AI and ML, profuse amounts of data, and new business models are redefining how banks interact with consumers, third parties, and internal processes. A recent report by Business Insider […]
