.

Risk-Based Pricing Changing Lending?

Read Time: < 1 mins

As the world becomes increasingly digital, the convenience of mobile banking is revolutionizing the way customers handle their financial transactions. With just a few taps on their smartphones, customers can transfer funds, pay bills, and manage their accounts from anywhere at any time. However, this convenience comes.

Categories
Latest Posts
Core Banking System Downtimes Can Be Disastrous to Your Financial Institution

Downtimes Can Be Disastrous for Your Bank

According to Gartner, core banking downtimes cost financial institutions an average of $5,600 per minute.   That means that however much a one-minute service interruption could seem something small to the naked eye, its underlying impact could weigh heavily on your bank’s operations, revenue, customer satisfaction and the institution’s bottom line.   Sample Downtime Reported Early 2023   Early 2023, many customers of a leading bank noticed some weirdness in their account balances. These discrepancies caused great outrage that the…

Downtimes Can Be Disastrous for Your Bank

According to Gartner, core banking downtimes cost financial institutions an average of $5,600 per minute.   That means that however much a one-minute service interruption could seem something small to the naked eye, its underlying impact could weigh heavily on your bank’s operations, revenue, customer satisfaction and the institution’s bottom line.   Sample Downtime Reported Early 2023   Early 2023, many customers of a leading bank noticed some weirdness in their account balances. These discrepancies caused great outrage that the…
Core Banking System Downtimes Can Be Disastrous to Your Financial Institution

Downtimes Can Be Disastrous for Your Bank

According to Gartner, core banking downtimes cost financial institutions an average of $5,600 per minute.   That means that however much a one-minute service interruption could seem something small to…
Core Banking System Downtimes Can Be Disastrous to Your Financial Institution
According to Gartner, core banking downtimes cost financial institutions an average of $5,600 per minute.   That means that however much a one-minute service interruption could seem something small to the naked eye, its underlying impact could weigh heavily on your bank’s operations, revenue, customer satisfaction and the institution’s bottom line.   Sample Downtime Reported Early 2023   Early 2023, many customers of a leading bank noticed some weirdness in their account balances. These discrepancies caused great outrage that the…

Downtimes Can Be Disastrous for Your Bank

Core Banking System Downtimes Can Be Disastrous to Your Financial Institution
According to Gartner, core banking downtimes cost financial institutions an average of $5,600 per minute.   That means that however much a one-minute service interruption could seem something small to…
According to Gartner, core banking downtimes cost financial institutions an average of $5,600 per minute.   That means that however much a one-minute service interruption could seem something small to…

Downtimes Can Be Disastrous for Your Bank

According to Gartner, core banking downtimes cost financial institutions an average of $5,600 per minute.   That means that however much a one-minute service interruption could seem something small to…
Core Banking System Downtimes Can Be Disastrous to Your Financial Institution
According to Gartner, core banking downtimes cost financial institutions an average of $5,600 per minute.   That means that however much a one-minute service interruption could seem something small to the naked eye, its underlying impact could weigh heavily on your bank’s operations, revenue, customer satisfaction and the institution’s bottom line.   Sample Downtime Reported Early 2023   Early 2023, many customers of a leading bank noticed some weirdness in their account balances. These discrepancies caused great outrage that the…
latest blog post on the 24/7 Availability of digital banking channels

24/7 Availability: Ensuring Seamless Access to Digital Banking Channels

In Mid February 2024, customers of a prominent national service provider took their frustrations to Twitter. The main issue? The service provider could not fulfill their promise of 24/7 availability. The services had suddenly gone down for an entire Friday, and customers were left worried when normalcy would be restored.   In response to the hot tweets, the service provider acknowledged the lapse on their end, assuring that the restoration wouldn’t be prolonged. However, it took a full 36 hours…

24/7 Availability: Ensuring Seamless Access to Digital Banking Channels

In Mid February 2024, customers of a prominent national service provider took their frustrations to Twitter. The main issue? The service provider could not fulfill their promise of 24/7 availability. The services had suddenly gone down for an entire Friday, and customers were left worried when normalcy would be restored.   In response to the hot tweets, the service provider acknowledged the lapse on their end, assuring that the restoration wouldn’t be prolonged. However, it took a full 36 hours…
latest blog post on the 24/7 Availability of digital banking channels

24/7 Availability: Ensuring Seamless Access to Digital Banking Channels

In Mid February 2024, customers of a prominent national service provider took their frustrations to Twitter. The main issue? The service provider could not fulfill their promise of 24/7 availability.…
latest blog post on the 24/7 Availability of digital banking channels
In Mid February 2024, customers of a prominent national service provider took their frustrations to Twitter. The main issue? The service provider could not fulfill their promise of 24/7 availability. The services had suddenly gone down for an entire Friday, and customers were left worried when normalcy would be restored.   In response to the hot tweets, the service provider acknowledged the lapse on their end, assuring that the restoration wouldn’t be prolonged. However, it took a full 36 hours…

24/7 Availability: Ensuring Seamless Access to Digital Banking Channels

latest blog post on the 24/7 Availability of digital banking channels
In Mid February 2024, customers of a prominent national service provider took their frustrations to Twitter. The main issue? The service provider could not fulfill their promise of 24/7 availability.…
In Mid February 2024, customers of a prominent national service provider took their frustrations to Twitter. The main issue? The service provider could not fulfill their promise of 24/7 availability.…

24/7 Availability: Ensuring Seamless Access to Digital Banking Channels

In Mid February 2024, customers of a prominent national service provider took their frustrations to Twitter. The main issue? The service provider could not fulfill their promise of 24/7 availability.…
latest blog post on the 24/7 Availability of digital banking channels
In Mid February 2024, customers of a prominent national service provider took their frustrations to Twitter. The main issue? The service provider could not fulfill their promise of 24/7 availability. The services had suddenly gone down for an entire Friday, and customers were left worried when normalcy would be restored.   In response to the hot tweets, the service provider acknowledged the lapse on their end, assuring that the restoration wouldn’t be prolonged. However, it took a full 36 hours…
Credit risk assessment: photo by freepik

Accurate Credit Scoring: A Crucial Step in Lending

Before giving out that loan, have you accurately determined whether the borrower deserves the funds? Accurate credit scoring means ensuring a borrower is dependable and trustworthy.   What Does That Mean?   Picture yourself as a credit officer at a bank, responsible for determining whether an individual’s loan request should be approved. Naturally, you want to ensure you make decisions that won’t haunt you later. That entails lending to only people who will meet their loan obligations on time, while…

Accurate Credit Scoring: A Crucial Step in Lending

Before giving out that loan, have you accurately determined whether the borrower deserves the funds? Accurate credit scoring means ensuring a borrower is dependable and trustworthy.   What Does That Mean?   Picture yourself as a credit officer at a bank, responsible for determining whether an individual’s loan request should be approved. Naturally, you want to ensure you make decisions that won’t haunt you later. That entails lending to only people who will meet their loan obligations on time, while…
Credit risk assessment: photo by freepik

Accurate Credit Scoring: A Crucial Step in Lending

Before giving out that loan, have you accurately determined whether the borrower deserves the funds? Accurate credit scoring means ensuring a borrower is dependable and trustworthy.   What Does That…
Credit risk assessment: photo by freepik
Before giving out that loan, have you accurately determined whether the borrower deserves the funds? Accurate credit scoring means ensuring a borrower is dependable and trustworthy.   What Does That Mean?   Picture yourself as a credit officer at a bank, responsible for determining whether an individual’s loan request should be approved. Naturally, you want to ensure you make decisions that won’t haunt you later. That entails lending to only people who will meet their loan obligations on time, while…

Accurate Credit Scoring: A Crucial Step in Lending

Credit risk assessment: photo by freepik
Before giving out that loan, have you accurately determined whether the borrower deserves the funds? Accurate credit scoring means ensuring a borrower is dependable and trustworthy.   What Does That…
Before giving out that loan, have you accurately determined whether the borrower deserves the funds? Accurate credit scoring means ensuring a borrower is dependable and trustworthy.   What Does That…

Accurate Credit Scoring: A Crucial Step in Lending

Before giving out that loan, have you accurately determined whether the borrower deserves the funds? Accurate credit scoring means ensuring a borrower is dependable and trustworthy.   What Does That…
Credit risk assessment: photo by freepik
Before giving out that loan, have you accurately determined whether the borrower deserves the funds? Accurate credit scoring means ensuring a borrower is dependable and trustworthy.   What Does That Mean?   Picture yourself as a credit officer at a bank, responsible for determining whether an individual’s loan request should be approved. Naturally, you want to ensure you make decisions that won’t haunt you later. That entails lending to only people who will meet their loan obligations on time, while…
Spreadsheets/Excel documents by freepick

Excel Still Matters in Banking?

Nothing seemed to challenge the reign of Excel for quite a long time. Every financial institution hailed Microsoft Excel as the most efficient tool for many banking processes such as financial analysis, data management, and decision-making. However, that reign hasn’t lasted for long.   It has been stated that approximately 90% of spreadsheets include errors, with half of the errors being introduced by humans.   Despite this concern, most financial institutions still prefer Excel for accounting teams. However, problems develop…

Excel Still Matters in Banking?

Nothing seemed to challenge the reign of Excel for quite a long time. Every financial institution hailed Microsoft Excel as the most efficient tool for many banking processes such as financial analysis, data management, and decision-making. However, that reign hasn’t lasted for long.   It has been stated that approximately 90% of spreadsheets include errors, with half of the errors being introduced by humans.   Despite this concern, most financial institutions still prefer Excel for accounting teams. However, problems develop…
Spreadsheets/Excel documents by freepick

Excel Still Matters in Banking?

Nothing seemed to challenge the reign of Excel for quite a long time. Every financial institution hailed Microsoft Excel as the most efficient tool for many banking processes such as…
Spreadsheets/Excel documents by freepick
Nothing seemed to challenge the reign of Excel for quite a long time. Every financial institution hailed Microsoft Excel as the most efficient tool for many banking processes such as financial analysis, data management, and decision-making. However, that reign hasn’t lasted for long.   It has been stated that approximately 90% of spreadsheets include errors, with half of the errors being introduced by humans.   Despite this concern, most financial institutions still prefer Excel for accounting teams. However, problems develop…

Excel Still Matters in Banking?

Spreadsheets/Excel documents by freepick
Nothing seemed to challenge the reign of Excel for quite a long time. Every financial institution hailed Microsoft Excel as the most efficient tool for many banking processes such as…
Nothing seemed to challenge the reign of Excel for quite a long time. Every financial institution hailed Microsoft Excel as the most efficient tool for many banking processes such as…

Excel Still Matters in Banking?

Nothing seemed to challenge the reign of Excel for quite a long time. Every financial institution hailed Microsoft Excel as the most efficient tool for many banking processes such as…
Spreadsheets/Excel documents by freepick
Nothing seemed to challenge the reign of Excel for quite a long time. Every financial institution hailed Microsoft Excel as the most efficient tool for many banking processes such as financial analysis, data management, and decision-making. However, that reign hasn’t lasted for long.   It has been stated that approximately 90% of spreadsheets include errors, with half of the errors being introduced by humans.   Despite this concern, most financial institutions still prefer Excel for accounting teams. However, problems develop…
Automation of banking processes

Automation Element in Banking Processes

Automation is always a hot topic, no matter the sector. It correlates with every banking process, but only a few financial institutions are getting the most from their chosen software. Let’s pull back the curtain to reveal the fascinating world of the “Tech Element” in banking processes.   Nearly 85% of banks have already adopted intelligent automation to expedite several core functions. – Nanonets   That means many banks have adopted smart technologies to speed up various essential tasks within…

Automation Element in Banking Processes

Automation is always a hot topic, no matter the sector. It correlates with every banking process, but only a few financial institutions are getting the most from their chosen software. Let’s pull back the curtain to reveal the fascinating world of the “Tech Element” in banking processes.   Nearly 85% of banks have already adopted intelligent automation to expedite several core functions. – Nanonets   That means many banks have adopted smart technologies to speed up various essential tasks within…
Automation of banking processes

Automation Element in Banking Processes

Automation is always a hot topic, no matter the sector. It correlates with every banking process, but only a few financial institutions are getting the most from their chosen software.…
Automation of banking processes
Automation is always a hot topic, no matter the sector. It correlates with every banking process, but only a few financial institutions are getting the most from their chosen software. Let’s pull back the curtain to reveal the fascinating world of the “Tech Element” in banking processes.   Nearly 85% of banks have already adopted intelligent automation to expedite several core functions. – Nanonets   That means many banks have adopted smart technologies to speed up various essential tasks within…

Automation Element in Banking Processes

Automation of banking processes
Automation is always a hot topic, no matter the sector. It correlates with every banking process, but only a few financial institutions are getting the most from their chosen software.…
Automation is always a hot topic, no matter the sector. It correlates with every banking process, but only a few financial institutions are getting the most from their chosen software.…

Automation Element in Banking Processes

Automation is always a hot topic, no matter the sector. It correlates with every banking process, but only a few financial institutions are getting the most from their chosen software.…
Automation of banking processes
Automation is always a hot topic, no matter the sector. It correlates with every banking process, but only a few financial institutions are getting the most from their chosen software. Let’s pull back the curtain to reveal the fascinating world of the “Tech Element” in banking processes.   Nearly 85% of banks have already adopted intelligent automation to expedite several core functions. – Nanonets   That means many banks have adopted smart technologies to speed up various essential tasks within…
No Comments

Leave a Comment

Email
Please enter a valid email address.
Comment *
Fill out this field

Related Posts
Core Banking System Downtimes Can Be Disastrous to Your Financial Institution
.

Downtimes Can Be Disastrous for Your Bank

According to Gartner, core banking downtimes cost financial institutions an average of $5,600 per minute.   That means that however much a one-minute service interruption could seem something small to…
Read More

Contact Us

Get in Touch
Today.

Engage with us now and take the first step towards transformative solutions.
Cal Us On +254-20-263 2768

Saachi Plaza, Ground Floor – C2Argwings Kodhek Rd, Kilimani, Nairobi, Kenya

    Menu