A 360° customer onboarding view delivers convenience and frictionless fulfillment to customers across their banking journeys. This view provides the bank with the ability to compete with leaders from other industries and meet and exceed customer expectations.
Small and medium enterprise (SME) loans are an important revenue stream for banks. Implementing this reference architecture and related solutions can help a bank to lower loan origination costs, improve customer relationships, improve processing times, meet regulatory requirements, and reduce operational risk.
Financial fraud causes reputational damage, has significant financial costs, and weakens customer trust. Fraud methods are constantly evolving. Machine learning provides a flexible approach to detecting fraud.
Trade finance provides a dynamic transformation of end-to-end finance processes, accelerating efficiency and cost reduction at scale. Use AI, machine learning, and intelligent automation to enable new ways of transacting and managing trade and supply chain finance.
In the present scenario, most of the banks are providing types of mobile banking capabilities with some beneficiary schema and offers on their respective platforms.
Mobile payment apps and gateways come under most prevalent uses of fintech that allow users to conduct banking activities without appearing physically in a bank.
Including Kickstarter, GoFundMe, and Patreon, crowdfunding platforms are the results of rigorous development in Fintech.
Robo-advisors, such as Betterment, are online investment-management services, deploying algorithms to automate investment advice in terms of lowering costs and escalating accessibilities.
Fintech includes the development and deployment of digital currencies such as cryptocurrency (bitcoin) and is likely to have positive impacts by further growth in cryptocurrencies availability and adoption.
Fintech companies are engaging with traditional insurance companies to automate the processes at its entirety and enabling them to expand claim-coverages.
It offers quick and cost-effective management of massive data, including transactional data/records and compliance documents, such as corporate tax returns.
For example, ML, NLP and AI can be used to evaluate complex datasets and draw inferences from data. Even now, traders can conduct huge data through ML algorithms to identify trends and risks.
Insurance brokerage – Insurance brokers shop for insurance (generally corporate property and casualty insurance) on behalf of customers. Recently several websites have been created to give consumers basic price comparisons for services such as insurance, causing controversy within the industry.
Insurance underwriting – Personal lines insurance underwriters actually underwrite insurance for individuals, a service still offered primarily through agents, insurance brokers, and stock brokers. Underwriters may also offer similar commercial lines of coverage for businesses. Activities include insurance and annuities, life insurance, retirement insurance, health insurance, and property insurance and casualty insurance.
Finance and insurance – a service still offered primarily at asset dealerships. The F&I manager encompasses the financing and insuring of the asset which is sold by the dealer. F&I is often called "the second gross" in dealerships that have adopted the model.
Reinsurance – Reinsurance is insurance sold to insurers themselves, to protect them from catastrophic losses.
Trident Technology LLC provides business solutions and resources to leading business and companies in various sectors.
Many Banking, Financial and Insurance companies provide their customers with website and app to check their financials.Read More
Trident Technology LLC provides Staffing, Recruiting and many different services at very reasonable cost.Read More
Trident Technology LLC provides resources and solutions to Government projects.Read More
Manufacturing is the top sector for US Economy. We provide skilled professionals from different geographical region.Read More
Retail sector needs digital transformation by taking right resources. We provide resources to your needs for e-commerce applications.Read More
We help clients stay ahead of their competitors by employing industry specialists having hands-on experience in pharma and life sciences projects.Read More