Ever since covid arrived on the scene and disrupted well established norms, disruption has become the new normal. Many organizations closed offices and had employees work from home. WFH has been recognized as the topmost new word of the year 2020.
Out of the comfort zone of their offices, employees had to start using several new tools and new techniques to continue creating value for their organizations and their customers. Organizations moved quickly to provide new tools such as video conferencing, VPN, etc. Beyond that, employees picked up those tools that were readily available for free such as converting pdf to text or designing a logo or modifying a picture or transferring huge files. And of course, banking specific tools such as forex converters, product comparators, public reviews, new apps, etc. Once people started using such tools and seeing a variety of benefits, including savings in time and effort, there was no stopping them. Since most of such tools are hosted in the cloud, it would surely be correct to say that one part of WFH became Work from Cloud (WFC). WFC may not yet be popular jargon, but it is the new normal for sure.
ACCELERATING INNOVATION
When both employees and their organizations are aligned with the idea of WFC as the preferred environment, a whole lot of things begin to change. The first and foremost is that employees become more innovative. As they explore a variety of offerings in the cloud, they begin to see existing things in new ways. They come up with new product ideas, new product enhancements, new ways to improve CX, new ways to improve the customer journey, new ways to cut costs and much more. All the dream capabilities that an organization wanted in its employees start flowering when employees are exposed to a wide variety of new ideas.
Denne historien er fra January 2022-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 2022-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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.