In a period of nine months, between December 2022 and August 2023, not only was the grammar and syntax of DPI created, but a suggested framework for DPI was also accepted by the G20 member states.
The use of technology for inclusion is a concept that has existed for a long time. What is new is that, for the first time, a framework technology, governance, and the role of communities has been agreed upon multilaterally.
The year 2024 promises to be a pivotal moment in the ongoing evolution of the digital landscape. The developments of 2023, marked by technological advancements, changing customer behaviours due to economic uncertainty, tweaks to regulatory requirements, and competitive pressures, have served as a stepping stone for organizations in crafting their digital transformation strategies for 2024.
To secure a competitive edge, organizations must prioritize agility and innovation. Furthermore, data-driven decision-making, AI integration, cybersecurity enhancements, and sustainable practices will be pivotal in shaping successful digital transformation strategies for the year ahead and beyond.
A digital ecosystem is a network of interconnected companies or products. Today businesses are recognizing the benefits of partnerships and connectivity. All top companies in the world have a digital ecosystem in place. They build networks of connected products and partner with other companies, sharing resources and expertise throughout their ecosystem. Even partnering with one other company will help increase your customer base, brand reach, access to resources, like software infrastructure, and more.
Denne historien er fra May 2024-utgaven av BANKING FINANCE.
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Denne historien er fra May 2024-utgaven av BANKING FINANCE.
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
The Rise Of Green Marketing: Driving Sustainable Change
Green marketing refers to the practice of promoting products or services that are environmentally friendly or sustainable. It involves incorporating eco-friendly elements into various aspects of marketing strategies, including product development, packaging, advertising, and distribution.
ICICI Bank partners with PhonePe to offer instant credit on UPI
ICICI Bank announced that it has partnered with PhonePe to offer instant credit on UPI to its pre-approved customers on the app of the digital payments company.
Indiagold Eyes Major Expansion in India's Gold Loan Market
Indiagold, a prominent fintech company specialising in gold loans, is set to disrupt the gold loan industry with its ambitious expansion plans and innovative product offerings.
RBI CIRCULAR
Facilitating accessibility to digital payment systems for Persons with Disabilities Guidelines
Legal News
The Supreme Court announced the launch of a new webpage on its official website providing summaries of landmark judgments.
The Role and Impact of the Insolvency and Bankruptcy Code (IBC) in NPA Recovery
Indian banks, especially grappling with the mounting challenge of Non-Performing Assets (NPAs) within Scheduled Commercial Banks (SCBs), are experiencing a significant downturn in their capacity for credit recycling, resulting in reduced business opportunities and declining profits. However, various factors contributing to the severity of NPA problem are including macro-economic, political, and internal factors, emphasizing the complexity of the issue. With this background, the present study puts an effort to look at the role of the Insolvency and Bankruptcy Code (IBC) in NPA recovery and also showcasing its significance in resolving insolvency and maximizing creditor recovery.
Big Data in Banking: Analysing its Role, Advantages and Challenges
Globally Inflation started rising post April 2021 and went above the target range set by most of the Central Banks. It had remained low and dormant for a substantial duration since the global financial crisis. CPI inflation in developed countries such as US, UK and Euro zone, began to exceed their traditional target of 2% and continue to stay at these elevated levels till recent time.
Is SIP Always the Best Option? A Look into Lump-Sum vs SIP During Volatile Markets
SIP is a method of investing a fixed amount at regular intervals, typically monthly, into a mutual fund. It allows investors to buy more units when prices are low and fewer when prices are high, a process known as rupee cost averaging.
Strategies for Mutual Fund Retail Investors during market downturns
When stock markets experience a decline, mutual fund investors often face a sense of insecurity and apprehension. The volatility can lead to impulsive decisions, which, rather than securing financial health, may impair long-term investment objectives.
Fraud Risk Management In Banking
Fraud risk management is a fundamental aspect of overall Risk Management within the banking sector. In India, banks adhere strictly to guidelines set forth by the Reserve Bank of India (RBI) to prevent, detect, and promptly report fraudulent activities.
