Reality Bytes

Omnichannel Banking – Myths and Realities

Omnichannel banking has been the latest buzzword in the financial world. With customer experience gaining immense focus in the last decade, it has become imperative to build online and offline financial channels available on different devices. However, many omnichannel myths have prevailed in the financial world, and it’s time to get to the bottom of some of them. Debunking the myths of omnichannel banking Multichannel and omnichannel are … Continue reading “Omnichannel Banking – Myths and Realities”

7 tips for an award-winning Digital Banking Experience

Mobile First In a generation where mobile is the most pervasive element, having a solution that can be mobile-first with all relevant features, is paramount. Responsive design and light-weight. Can’t be enunciated further! Online Acquisition Opening account just can’t become a hassle anymore. Like, seriously. If you make the initial barrier cumbersome, we’re in for a bumpy ride. Seamless, product viewing, finding the best-fit product, e-KYC verification and … Continue reading “7 tips for an award-winning Digital Banking Experience”

Extend Product as a Platform with Purpose

In the recent past, we have observed that the Banks are in a dilemma whether to procure products from a product vendor or get a platform vendor to build features based on their requirements. If this debate had happened a decade ago, probably the Product strategy would have won hands down as the platform vendor would have just provided an API or SDK whereas the product vendor would have provided … Continue reading “Extend Product as a Platform with Purpose”

The Spy Who Lives with Me

You: – “Alexa, what is my account balance?” Alexa: – “Your account balance today is 75,500 Dollars!” The above might have sounded imaginary or bit fantastic last year, but it has become a reality today in many US homes!! CapitalOne was the first bank to enable voice banking in Alexa. AMEX is next and others are queuing up. Echo (Alexa) from Amazon is probably the most important invention, since mankind invented the wheel (and of … Continue reading “The Spy Who Lives with Me”

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