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Overview of Classification of Banking Industry in India - Banking Types

Shivani0122 Jan, 2021Finance

The evolving banking system in India is a 100-year old sage. Going deep into the classification of banks in India, the existing banking structure is known for its extraordinary service in terms of credits and economy needs for the country. The multi-layered body is now more sophisticated with stricter guidelines and greater opportunities for customers and borrowers.

How Does Islamic Banking Differs from Conventional Banking Practices

Shivani0117 Nov, 2020News

Banking is a business of money that includes deposits and lending to the public. If banks fail to perform these tasks effectively it will impact the entire economy, including the banking sector. In such situations, banks must be able to absorb the shocks and meet their goals and obligations. To ensure this, there is a mechanism in place that carries out these functions following the strict guidelines for compliance. It is called the banking system.

Top 5 Risk Management Process in Banking and Financial Sector

Shivani0117 Nov, 2020News

Machine learning has been a revolutionary force in the industry. However, experts admit in delay in the adoption of this leading technology. Since banking is a traditional industry, one of the biggest challenges it faces is reluctance towards change. The involvement of legacy systems and customers� trust in them often challenge the integration process of the new technological innovations. Nonetheless, machine learning has become a technology of choice in banking and financial industry.

Business Process Discovery, Process Mapping and Process Mining - Blog on Business Process Software,

Shivani0113 Nov, 2020Technology

Process mining can be defined as a set of methods that deal with process management.It can be involved with business process analysis through subscriptions and event logs. The term process mining originates from the concept of data mining. The outcome of process mining is a detailed analysis and insights on various processes to answer questions related to these processes.

10 Best Books to Read on Artificial Intelligence - Popular AI Books

Shivani0112 Nov, 2020Technology

Artificial Intelligence has become the biggest buzzword in recent times. With the use of this new technology, our lives are transforming for a better tomorrow. So, it won�t be wrong to say that understanding the concepts of AI is the need of the hour.It is in fact much needed to make better business processes and advancements too. However, with so many concepts ringing around, it is very easy to get tangled in the hustle and bustle of the topic.

10 Best Robotic Process Automation (RPA) Tools in 2020

Shivani0112 Nov, 2020Technology

RPA tools help enterprises reduce costs, eliminate errors, and optimize the efficiency of their operations. As competition continues to increase, businesses are expected to improve performance, evolve, and scale their processes. With the help of robotic process automation technology enterprises can automate the repetitive tasks of their employees to work on more strategic areas of growth.