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INTEllIGENT COMPUTING | BFSI

offers its unique advantages on three levels- making banks tomers, manage your risks and run your business. Man-
agile by rapidly upgrading to cloud based technology, fo- aging data has a lot to do with security and banking and
cusing on user adoption by identifying use cases based finance institutions are sitting on a dearth of confidential
on work profiles, and transforming business by process information that requires technology intervention. Stable
alignment with the new tools, all of which together will ul- and high performing BankingEasy applications, enabling
timately enhance, both, branch and customer experience. small to mid-size banks to offer the same services and
Very recently, SBI bank, the largest public-sector bank of digital experiences such as centralized clearing, multi-
India has chosen Office 365, the cloud powered produc- channel banking, relationship banking, real time dynamic
tivity solution from Microsoft to improve communication reporting, inter-branch reconciliation, offer exciting prod-
and collaboration among its workforce, addressing the ucts and services etc. that the end customers expect
banking behemoth’s requirement of transforming it into from any large bank. Solutions like Microsoft Azure and
a modern workplace, naming this as the largest deploy- BankingEasy offer improved analytics capability and the
ment of Office 365 in India. data analytics reports.
artificial Intelligence: Artificial intelligence (AI) has the Mobility and automation: with the new workforce ex-
potential to transform both front office and back office pecting more and more ease of working on-the-go, tech-
operations with its self-improving programs. With infor- nology that enables mobility like Azure cloud, the applica-
mation now coming in a variety of forms and from a vari- tion must confirm to the high mobility standards today’s
ety of sources, it’s vital companies use systems of intel- employees are expecting. With cloud services, automa-
ligence that are built around processing vast amounts of tion is only a byproduct of technology enablement which
disparate data. further brings down the required time and human errors.
database Management Innovation with Technology: Further innovation in technology to enable banks in their
In financial services data is the business, so it is extremely turnaround time and minimize errors, will be a big boon for
mission-critical to have the right data to delight your cus- the banking and financial institutions in the coming year.

| A CyberMedia Publication www.dqindia.com January, 2018 | 15