Health insurance is primed for a major change in serving the needs of customers. Market conditions and current trends in health care, combined with the sudden and urgent need to address the COVID-19 pandemic, have created the perfect storm. Expect true innovation, starting with ideas such as a budget-friendly pre-paid insurance card that can beRead more
The COVID-19 pandemic could prove to be the most serious challenge that financial institutions have faced post the 2008 financial crisis. The pandemic has brought the entire world to a standstill, specially the financial sector. Banks are facing unprecedented challenges in managing revenue and customer expectations during this turmoil. Banks are on a constant vigilRead more
The worldwide public cloud services market is forecast to grow over $266 Billion in 2020. The Cloud offers unlimited scalability and a ‘pay-as-you-go’ billing model where you are only billed for the resources you consume. However, there is a risk of Cloud expenses accumulating and getting out of control if you do not adopt anRead more
I watched “Contagion” almost eight years ago with a sense of disbelief. Never in my wildest dreams did I even imagine that in less than a decade we would be going through a pandemic of this scale and magnitude! As we look to navigate this altered reality with diminishing naivete with each passing month, IRead more
The challenge Financial Services Institutions are facing an increasingly uncertain environment. On onside, it is the stiff competition from extremely agile, digitally native, fintech start-ups and on the other side is the massive regulatory changes such as the retirement of LIBOR in 2021. LIBOR has been the cornerstone of the global financial system since itsRead more
What is in a number that we call a rate? A lot as it turns out. Over 350 trillion in financial contracts worldwide. The reference is to the upcoming LIBOR transition. Change is always hard and transition from LIBOR to ARRs (Alternate Reference Rates) is no exception. The idea is to move from rates thatRead more
As a marketer, do you sometimes yearn for independence? From technology, that is. If so, you may not be alone. Today, marketing and technology are practically inseparable. According to a recent survey, martech spend accounts for as much as 29% of total marketing budgets. There used to be a time when marketing was entirely definedRead more
It’s a well-known fact that the use of AI applications is rapidly expanding across all the functions in the financial industry. AI in BFSI Market is projected to exceed USD 25 billion by 2024, according to the MarketStudy Report. The major driving factors for the projected growth: An increasing demand for customer experience, customer loyalty,Read more
Every organization is heavily dependent on Sales to generate revenue. Especially in a Business to Business environment, the longer it takes for the sales reps to prepare the accurate proposal and get approvals wherever needed, longer it will take to close the deal. Perhaps, it may even lead to loss of revenue! Salesforce CPQ offersRead more
Before implementing IoT in any business process, it’s important to know how we are going to design the layout. Let us first understand what IoT architecture really is. We know what value IoT brings to the table for improvising business processes across industries. But when it comes to reality, the implementation is too complicated. ToRead more
