Digital Transformation Paves the Way for the Finance Industry

 With the outbreak of COVID-19, Digital Transformation has created an overwhelming buzz across the business world including the BFSI sector. Digital players in the finance industry have resolved the customer’s struggle to get access to the funds. Technological innovations have paved the way for new services disrupting the traditional ones.

Transforming the traditional banking processes, fintech has emerged to be the most effective lending channel. Easing the common person’s struggle to get access to funds, fintech has unlocked various opportunities to trap the huge volumes of substantial customer databases leading to a strong digital foundation.

India being one of the fastest-growing economies, Fintech platforms are scaling up at a greater position. Delivering a wide range of market opportunities for both innovative and traditional lenders, the new-age lending platforms have catered to a large segment of online banking customers.  

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Brace Yourselves for the Upcoming Cybersecurity Trends

2018 is coming to an end, and as usual, the arena of cybersecurity is having some new trends coming up. As digital threats are also getting up to a new level, we need security experts to adopt and implement future solutions.

Now, the trends like AI, Biometrics, and IoT have been there as always, but these are evolving to a new level every year which is impacting the related sectors. Further, the zero-trust model and GDPR compliance related legislation are in a boom.

Upcoming Cybersecurity Trends for 2019

Identity management, application improvement, and creating efficient and intelligent threat-management solutions are some of the areas where AI is expanding the cybersecurity arena.

2018 has been a great year for the capital funding of cybersecurity projects. This October 2018 saw an investment of $3.3 billion. Investors are willing to splurge more into this technology as well as security is the crucial concern of every industry.

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