Posts Tagged: ‘IT’

How to develop improved mobile banking solutions.

November 23, 2016 Posted by admin


Changes in technology affect all businesses in one way or another. There are both positive and negative effects. The banking industry is one of the major sensitive industries and for you to keep on improving the experiences of the customers, it is very important to keep on monitoring the market place in order to know when a change comes up in the banking industry. In order for you to be successful in the transformation of banking operations due to the rise of the digital platforms, you need to have leadership skills that will guide the employees and also enable you to weigh out on the available options especially in the mobile banking options. The following are some of the major ways that a bank can improve the mobile banking solutions.

  1. Have clear goals for your bank.

Having clear goals in mobile banking helps you, as a bank to work hard towards achieving it. It is good to realize that the development of mobile banking is ever changing with the changes experiences in technology. Therefore, it is recommended that you should keep on updating the mobile platforms in order to improve its functionality.  are committed to have a cultural shift whereby, by the use of the mobile banking platforms, the bank is able to have a better decision making process. The innovation in the mobile banking requires the IT and business departments to work together in order to make this innovation a reality.

  1. Seek to incorporate the data and other bank services.

By use of mobile banking, the banks are able to access the data of their customers from several places/platforms at any time. They banks are able to learn about the behavior of their customers thus understanding how they can use these data and behavior in improving their experience. The banks are also able, by using the mobile applications, to provide their staff members with the visibility of the clients. This in the long run helps greatly in lowering the costs of the mobile development.

  1. Develop security measures for the mobile banking platforms.

Security is paramount in this platform due to the amount of clients’ information available to the staff. A breach of privacy and confidentiality of the clients’ information can have a great negative impact on the bank. However, the banks are able to protect their employees from accessing all the customer information all thanks to the biometric identification. The bank management should look beyond the management of the device and incorporate technology stack that would support the development of mobile applications, its integration as well as the management.

By using these ways the bank is able to create a platform that will help in improving the customer experience thus providing them with value.

Mutual Fund Investments Improve Your Financial Goal

December 6, 2014 Posted by admin

Investing in mutual funds can be simply described as – the easiest way to become a ‘prince’ or a ‘pauper’. The mutual fund market is very volatile. People invest every day, some on a large-scale and others on a small-scale. It depends on how much return you expect and how much money you are willing to risk get that return. However, mutual funds are very popular among many as they can yield a higher rate of return than the interest rates provided by banks. Of course, how high also depends on the kind of mutual funds you invest in. For example, the top mutual funds in India like SBI, HDFC, etc. are known as large cap funds, and belong to the category known as ‘equity.’ These are capable of generating 20 to 30% interest on an investment. But of course there is a catch, equity investments are the most volatile and risky category of investments. Choosing to invest in them depends on your risk appetite.

The Indian market has progressed over the last 10 years, in terms of growth and size. At first people were reluctant to invest, as they were more used to depositing money in banks. But as inflation went up, people opened up to the idea of investing their money in it and other areas of interest. That, and the IT boom of the early 2000’s, opened up a whole new world to the growing populous of India.

What happened was people started using the internet. They learn about it, the potential of an investment and how they can benefit from it. They then started going on online to do research on the different investment options. They started buying shares and stocks of other companies, they started investing in the mutual funds of the biggest and most profitable companies. It was all available on the internet. Needless to say, it became their major source of knowledge, and guide, for investments. In fact, the credit for the current market size and market growth of other investment opportunities can even be attributed to the internet.

Finally, the future is as, or perhaps more, unpredictable and volatile than the market for investments. With the year on increase in inflation and population, the thought of investing in it may very well supersede the thought of saving money in the bank. After all that is said and done, investing in it is a very lucrative investment opportunity – in spite of the risks involved.