FinTechs are innovating the digital banking landscape and they can enhance the workflow and customer experience for digital banking.
Learn more: https://diro.io/fintechs-and-the-financial-industry-revolution/
Banks and other financial institutions (FIs) use online banking to enrich their portfolio of services and operate more efficiently.
However, while digital banking has propelled revenue and profitability, it has also raised cybersecurity concerns.
Research shows that the finance industry is the second-most targeted industry for cyberattacks.
This alarming trend indicates that the finance industry needs to invest in more sophisticated threat detection solutions to prevent costly breaches because they can cost $3.7 million to resolve.
Implementing blockchain technology in banking and the financial industry can improve banking standards.
Do you know the top use cases of blockchain in the banking industry?Source URL: https://diro.io/use-cases-of-blockchain-in-banking-industry/
LammTech has become successful in supporting banking networks and proficient with all major data processing systems.
Today, the banking industry is challenged to meet federal compliance and protect against threats and vulnerabilities, while maintaining high service levels.
Contact us for the best banking and financial services.