The use of technology has permeated every aspect of human life as our dependency on tech products for quick resolution is constantly increasing. Rapid digitalization across industries over the past two to three years has changed the fundamentals of how firms run, especially after the pandemic. By providing a seamless omnichannel [...]
Table of Contents Introduction Being a cornerstone of loan application processing, bank statement analysis is a time-consuming and labor-intensive process. Bank statement analysis is the process of reviewing and analyzing a bank statement to gain insights into a person or organization's financial situation. The [...]
Table of Contents What is RPA in Insurance? The insurance industry is one of the most heavily burdened, conventional and rigid to changes. However, considering the high customer demand for app-based or digital transactions, the industry players have started transforming their insurance operations [...]
The era of Generative AI has arrived. Ask why? Hold on to your excitement, as Generative AI is predicted to raise the global GDP by a whopping 7%. Generative AI, a branch of Artificial Intelligence, has taken over the entire world with extensive power to redefine the way businesses operate. Generative [...]
The banking industry is undergoing a transformation since the pandemic and to make sure your business process is going in sync with current trends and technologies, it's important to have an eye on these trends as each trend has an capability to shift the banking landscape. And no matter what industry you [...]
Despite all the trending technology adopted by insurance leaders to attract new customers, the claims process is still one of the most critical experiences a current policyholder has with an insurance provider. And this traditional method of claims processing is challenging due to the large volume of work in the hand [...]
ChatGPT, an innovative AI-based large language model (LLM) created by OpenAI, has shaken the world since its release in November 2022. It truly has the potential to transform language creation. ChatGPT can produce it all for you, right from a research paper, a research article, poetry, or even computer code. It [...]
Are you looking at onboarding a new employee? The employee onboarding process across IT organizations is the first impression that an organization gives to new hires, and it can actually make or break their experience with the organization. No matter how many times someone switches jobs, starting a new one is [...]
Changes in customer behavior are causing a fundamental shift in the insurance distribution model. As customers these days are embracing digital channels, and their experiences with digital channels have also raised the expectations of buying insurance both online and offline mode. A seamless customized, and personalized experience is all they want [...]
The pool of financial services offered to customers and engaged by the common public in today’s digital world demands a sophisticated system to collect, connect and collaborate data seamlessly. This is a reason that banking organizations are stepping up to uplevel their automation game and offer the service as per the [...]
