Financial Services

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How Financial Services Disruption Continues to Create Opportunities for CIOs and CTOs

The term ‘fintech has been applied to describe the transformation taking place in the financial services sector across the globe. Traditional forms of payment such as cheques have been displaced by debit and credit cards. In turn, contactless payment and digital wallets will likely replace the cards.

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RBI Ban on Member Firm of Ernst & Young to Impact Banks, Financial Services Firms

The Reserve Bank of India (RBI) has banned the audit firm SR Batliboi Co. LLP, a member firm of EY, for one year from auditing commercial bank books, after the central bank found lapses in a statutory audit. On account of the lapses identified in a statutory audit assignment carried out by the firm, M/s […]

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Incumbents, Take Note: New Financial Services Marketplaces Are Now High-impact Models

It wasn’t long ago, that customers relied on traditional banks for most of their financial needs. Now, however, both technology innovation and customer expectations are rapidly evolving. Today, FinTechs and challenger banks offer eager-for-change customers a range of convenient and direct new options.

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