Bank of Ireland, a part of Bank of Ireland Group, and a commercial and merchandizing bank, is the largest and oldest bank in Ireland.
Headquartered in Dublin, it is one of the Big Four Irish banks and is serving 2 million consumer and business customers offering digital, branch and phone banking channels. It has some 9000 employees and its net income in 2022 stood at €1345 million.
The bank has a strong technology foundation today, having understood well in time the crucial role of technology in reducing costs, in becoming more efficient, and in growing the business by offering customers exactly what they are looking for.
The bank has been able to achieve a lot of cost reduction by being more efficient - like a customer can open a current account on a mobile phone in just 6 minutes. One of the bank's unique products is insurance wallets and more than half of the general insurance business is done through these wallets.
FULLY TECH-EQUIPPED
The bank today has everything that a digital system of banking requires - AI, cloud, big data and APIs. It could create an agile environment to manage data using the cloud. Al is expeditiously used to reduce costs. It also considers cloud, AI, data and APIs as the 4 basic pillars of its forwardlooking banking strategy.
TOOL FOR INVESTMENT CUSTOMERS
Diese Geschichte stammt aus der April 2023-Ausgabe von Banking Frontiers.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der April 2023-Ausgabe von Banking Frontiers.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
It's a bank and a brokerage - FinecoBank
FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:
A model for cloud adoption - Zurich Cantonal Bank
The bank is had opted for cloud to offer better service to its customers:
RBI Governor urges NBFCs to adhere to fair practices code
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
Automated, Adaptive, Al-enabled Architecture is a must
Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:
Fraudsters too gain ground as real-time payment systems grow
There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.
Fino sparkles with technology & brand upshift
Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.
Savington Upshifts: 48% Faster, Churn down 31%
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.
Zoroastrian Bank: Multiple awards for being the Best
Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.
