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Finance

Digital innovation in finance - the open source imperative

Digital innovation is transforming finance. Advances in financial technology such as mobile money, peer-to-peer (P2P) or marketplace lending, robo advice, and insurance technology (InsurTech) are reshaping many areas – from payments to wealth management. Over the past decade, fintechs have already driven enhanced access to financial services for retail users. Technology advances in connectivity, data processing, and storage have contributed to the current wave of technology-based finance.

The Difference Between Financial Freedom and Financial Independence

In today's fast-paced world, everyone aspires to achieve a certain level of financial stability, be it to secure their future, fulfill personal dreams, or simply live life on their own terms. Two terms that often come up in this pursuit are 'financial freedom' and 'financial independence'. Although they may sound synonymous, they capture different facets of financial well-being. Interestingly, even a tool like debt consolidation programs, designed to help individuals regain control over their financial lives, aligns more closely with one of these goals over the other. Dive in to uncover the nuanced differences between the two.

Data Transformation in the BFSI Industry: From Hiccups to High Performance

We’ve been watching the Banking, Financial Services, and Insurance (BFSI) industry’s rapid evolution over the last decade, and so much of it is thanks to advancements in database technologies. They're on a wild digital transformation journey, aiming to boost their operational efficiency, elevate customer experiences, personalize their services, and streamline everything across the industry.

Paying Off Credit Card Debt in 2023

The world of finance has evolved significantly in 2023. However, some things remain constant, and one of those constants is the challenge of managing credit card debt. With average APRs (annual percentage rates) on new credit cards sailing north of 16%, the urgency to address this debt becomes apparent. One of the approaches that's gaining traction is considering a personal loan with cosigner, which can potentially offer a more favorable interest rate and make repayment more manageable.

Ditch the Spreadsheet: 6 Must-Know Reasons to Invest in Payroll Software

As businesses adapt to the relentless pace of the 21st century, there's a growing emphasis on automation and the need to enhance efficiency. Nowhere is this more pertinent than in payroll management-a function as old as businesses themselves. Perhaps you currently use spreadsheets and want to know how to streamline the process. If you're considering using payroll software, here are 6 compelling reasons to do so.

Redefining Financial Services with On-Demand Virtual Servers

In the fast-paced world of finance, staying ahead of the curve is essential. Technology plays a pivotal role in this endeavor, and one of the key innovations transforming the financial services industry is the utilization of on-demand virtual financial servers. These versatile tools are revolutionizing the way financial institutions operate, enhancing efficiency, security, and scalability. In this blog post, we'll explore how on-demand virtual financial servers are redefining financial services.

Technology Can Make Your Move Easier - Here's How

Moving to a new home can be a daunting task. The process involves many details, from finding the perfect house to packing your belongings and settling into your new space. However, with the advent of technology, the moving process has become more manageable and efficient than ever before. This article will explore how technology can streamline your move, making it more accessible, more organized, and less stressful.

6 Principles Should You Follow When Getting Into Trading

When people first get into trading, they can easily get sucked into a maelstrom of peculiar terminology and promises of making the big bucks, all mixed up with a tangible feeling that you might lose everything on a bad bet. However, in reality, trading is just like anything else in life. It requires discipline, the ability to avoid shiny objects, and, most of all, patience. If you are new to the game and want to make money the right way, this post is for you. We will explore six principles you should put into practice when trading that will ensure a slow but steady progression to financial security.

AIOps in Banking: Revolutionizing Financial Services

What if banks had an intelligent assistant that not only detects anomalies in real-time but also predicts potential issues before they even occur. Well, AIOps has made that reality today. AIOps in banking is a perfect example of technology blending with financial services to redefine operational excellence and customer experiences. From bolstering security measures to reducing banking costs, AIOps offers several game changing benefits that address challenges faced by the BFSI sector for a long time.