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BaaS and Embedded Finance Leading the Way to Modern Banking Success

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Banks and financial institutions (FIs) are rapidly embracing embedded finance and Banking-as-a-Service (BaaS) to integrate financial services into everyday consumer and business activities.

This transformation aims to counter competitive threats and foster growth, making it crucial for survival in an evolving financial landscape.

However, this shift presents significant challenges, particularly for smaller banks and credit unions (CUs). Collaboration with FinTechs and adopting modern technologies like APIs are essential for navigating these challenges. [Read more…] about BaaS and Embedded Finance Leading the Way to Modern Banking Success

How to Implement RPA for your Bank

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Robotic Process Automation is becoming more and more practical in almost every industry. In banking, this begs the question, should banks be adopting RPA? The answer is yes! This article explores how banks can implement RPA for their organization.

The introduction of RPA has greatly impacted the banking industry. In a world where banks are managing large volumes of information, RPA can save time by taking repetitive tasks off the hands of humans. It leads to fewer errors, eliminating financial loss and benefiting the bank. [Read more…] about How to Implement RPA for your Bank

How are Banking and Finance Firms Leveraging Robotic Process Automation?

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With banking and financial transactions going digital, the preservation of banking and financial firms are tremendous to primarily, boost productivity and secondly, cut the operational cost.

With this rising demand, banks and financial firms are actively implementing Robotic Process Automation or RPA. The RPA plays an active role in automating the business processes that were previously done manually.

This automation is extremely important especially to function in a competitive market. Also, the return on investment in RPA is also extremely high. RPA in banking and financial firms mostly work by combining both robots and artificial intelligence to augment human operations. [Read more…] about How are Banking and Finance Firms Leveraging Robotic Process Automation?

Biggest FinTech Trends of 2022

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The pandemic and fast technology development made their impact on many traditional businesses, including the financial services industry.

Nowadays, companies need to come to terms with new realities and increased customer requests.

Meanwhile, a new generation of tech-driven startups keeps making breakthroughs, changing the rules of the game forever. [Read more…] about Biggest FinTech Trends of 2022