You’ve seen it yourself – technologies transform literally every industry, changing markets and customer expectations. What do banks and FIs have to do in such circumstances? They surely need to keep up with innovations.  Let’s look at the numbers. According to PwS, 81% of banking CEOs have concerns about the speed of tech changes. At the same time, workflow optimization, pandemic trends, and high security demands are still the biggest challenges for market participants.   Robotic ...

“We should remember that good fortune often happens when opportunity meets with preparation.” – Thomas A. Edison. I know how it feels when you’re excited about a new software project. You’ve lived with this idea for some time, and now you’re eager to start. Taking more time for preparation sounds crazy, right? But it’s a proven way to lay a solid foundation. A whopping 35 percent of startups fail because ...

People buy books, clothes, groceries – pretty much anything – sitting on a couch with their smartphones. What could be more convenient? No one will settle for less. Statista has prepared some staggering numbers to prove that. The part of m-commerce in e-commerce retail is expected to reach 72.9% in 2021 compared to 58.9% in 2017. Such a massive growth took only four years. The good news for businesses is ...

Secure and high-quality services have always been a priority for CHI Software, and now we can prove that it’s not just big words. Last month, the company received ISO 27001 “Information technology” and ISO 9001 “Quality Management Systems” certifications. ISO 27001:2015 “Information Technology” This is the most important security-focused standard. It ensures that enterprise data and processes are protected on the highest possible level. ISO 27001 can be applied to ...

These days, it’s hard to imagine someone collecting their receipts to control daily spending. Saving money is an investment into a better future, but who wants to make much effort? Money-saving apps can balance it out.  Mobile solutions are always at hand to help manage spending and illustrate it with graphs and reports. On the one hand, it’s a no-brainer for users; on the other, it’s an attractive niche for business investments. COVID-19 made the ...

“Ignoring technological change in a financial system based upon technology is like a mouse starving to death because someone moved their cheese.” – Chris Skinner, fintech expert and author of Digital Bank and its sequel, ValueWeb.  It’s no secret that fintech is a pioneer in adopting innovative technologies. While artificial intelligence is something alien for many industries, the market for AI in fintech is expected to grow at a 23.17 percent compound annual growth rate ...