Articles from Banking

SME companies are one of the major groups of bank customers. To facilitate services for small and medium-sized enterprises, banks implement cutting-edge software and make it available to them. Many banks attract business customers offering additional services which facilitate company operation.

What is KYC, and what is the importance of KYC? KYC stands for “Know Your Customer.” It is a process where banks obtain information about their customers’ identity thereby ensuring that bank services and government regulations not misused.

The wealth management service is connected with making investment decisions and multiplying the capital accumulated by the customer. This is why it is inseparably connected with the risk management. How to minimise the risk and thus protect the wealth deposited by investors efficiently?

For financial institutions, banks, leasing companies or factoring companies not prepared to serve customers through remote channels, this is a blocker not only in winning the market and new sales, but also acquiring business opportunities.

Experts discussion

Contemporary banking develops in line with the technology development. Banking services are not limited only to receiving deposits and granting loans. What software is used by the banks to handle the transactions ordered by customers and provide support to the entrepreneurs?

Pessimistic Locking, Optimistic Locking, TransactionSynchronization

How is the crisis affecting customer behavior in the financial sector? Which percentage of your customers switched to the digital channels?

Banks don’t want to credit SMEs. But fintechs do, and they’re taking over. What’s next? There’s a way.