A state-owned Thai bank, Government Housing Bank popularly known as the GH Bank has decided to make use of a digital signage solution offered by CAYIN. GH Bank primarily offers housing finance banking services to the customers in Thailand via its nationwide branches, to be precise 150 branches across the country. The fintech news arena notes that it is because of the bank wanting to make improvements in its communications with the customers that it has decided to opt for this solution. GH Bank also wants to put in place a digital queuing system at its branches and CAYIN will be responsible for delivering better services which will be used and aimed at not just attracting, but also retaining a wider audience base.
The DMaSStech which is the distributor of solutions offered by CAYIN in Thailand will be speeding up the process of installations by making use of the 4G network for connecting the SMP digital signage player to CMS-SE that is hosted in a data center. In addition to that, the customer service of the banking solution will be enhanced by the process of integrating the queuing system via the tailored services provided by CAYIN and the flexibility of SMP digital signage player.
The banking platforms arena has the data offloading, non-stop service, and network security on the top of the priority list. The bank public information display is greatly installed by the GH Bank with the digital signage solution over the 4G network which results in provision of better communication and services to the customer base. This ultimately results in establishment of a longer lasting relationship with the customers.
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Tegra118, a top provider of wealth and asset management technology solutions – and a portfolio company of Motive Partners, a specialist private equity firm – announced it will release version 8.5 of its comprehensive, cloud-based billing and revenue management solution Advantage Fee™ that includes new enhancements to further simplify fee billing and invoice operations for financial institutions across the globe.
The enhancements are an addition to significant investment in technology modernization including investments in APIs, state of the art UI/UX and move to the cloud FinTech News.Starting on June 30, 2020, the new release will include:Greater operational, persona-based UI functionality for an enhanced user experience and increased operational efficiencyNew cloud compatibility with Amazon Web Services (AWS) in addition to Microsoft® Azure for comprehensive enterprise-level deploymentEnhanced REST API catalog and additional endpoints for better upstream/downstream integrationGreater process automation with new invoice automation in addition to account onboarding built using Appway technology“Our clients and prospects are looking for a state of the art billing and revenue management solution,” said Tito Singh, Chief Revenue Officer, Tegra118.
“Our investments and enhancements to Advantage Fee provide the solution they are looking for, leading to a stronger pipeline and increased client satisfaction.” The new enterprise enhancements to Tegra118’s Advantage Fee platform help reduce total cost of ownership for financial institutions with simplified cloud-based and API integrations, a more intuitive persona-based user experience, and automated invoice and account onboarding.
The powerful calculation engine in Tegra118’s Advantage Fee is used by leading wealth management, custody and trust firms around the world to aggregate and process high volumes of financial transactions, calculate fees based on fee agreements, and automate invoicing for financial services.“We have been partnering closely with our clients to identify new use cases where we can provide solution enhancements and continue to guide the industry forward with our platform,” said Kashyap Kapasi, Director, Product Management and Strategy, Tegra118.
“Our collaboration has yielded significant enhancements to our offering with each subsequent release, creating a powerfully compelling and holistic package that resonates well with our clients.”
Digital has been a buzzword in the ever-evolving banking industry across the globe.
This evolution focuses on designing a seamless, versatile and collaborative experience for the end consumers.
Technological advancement anchored this transformation by upgrading retail and mobile banking to neobank startups, propelling banking into a digitalized future.The rapid advancement in technology has created many challenges for the traditional brick and mortar branches.
Though they are well equipped with financial resources and consumer relationships with a decent reach, they need to adopt digital ways for banking to stay relevant in the future.Here are some ways how digital can shape the banking landscape:Frictionless banking through utilization of B-a-a-S or API Banking: Legacy institutions are best positioned to succeed if they commit to full-fledged digital transformation by introducing extremely adaptable solutions and can utilize Open APIs to integrate new financial systems and open banking software, allowing faster expansion.
The most common of these solutions is Banking-as-a-Service (B-a-a-S), where digital banks and other third parties can connect with the bank’s system directly via APIs.Emergence of Personalized banking tools — The emerging digital banking solutions focus on providing self-learning digital banking software tools sensitive and intuitive to customer needs by utilizing a range of cutting-edge technologies to increase consumer engagement, including AI-powered chatbots, wearable assistance, personal finance Management, P2P Payments through voice bots, and QR code scanning.Data Analytics for Customized Solutions: — Financial service providers will get a deep insight into customers’ lives owing to Big Data, IoT, Blockchain and Open Banking.
They can better the lives of their customer by employing the following techniques: -The technologies such as IoT tend to track the real lives of customers rather than relying on manual submissions, the customer data will be safe and secure through blockchain technology which would be further authenticated via AI.
Advancing technology has started influencing the BFSI sector, and we witness innovative app solutions in financial services.
These solutions fall under the fintech category and contribute to improving services.
Mobile wallets, banking apps, and cryptocurrency-related apps are some of the most popular examples of fintech apps.
In this blog, we are going to understand the role and benefits of cross-platform app development for a fintech firm
