Global Finance and Money Transfer

Investments in technology are increasing at a rapid pace across the financial services sector. The desire to cut costs for customers, improve compliance across the domain and enhance customer service and productivity drives all these investments. As the predictable and uniform state of financial services in the pre-crisis times has eroded, new challenges have emerged for traditional financial institutions. Established financial services had to evolve with increased agility to enhance business performance to stay relevant. Since then, new start-ups have transformed the industry structure by introducing their innovative digital products and services that challenged the traditional status quo. Such a solution's disruptive nature has had a severe impact across products, services, delivery models, consumer engagement, business models and existing infrastructure . Fighting the Crisis of 2008 The financial crisis of 2008 was the moment of truth for the financial services sector. Inadequat