Looking for knowledge and key business information on the banking industry?
TechnoFunc brings to you banking industry overview, business model, value chain, competitive landscape, and latest trends. Industry knowledge for IT & consulting professionals, consulting firms, industry investors, and all other interested folks in a condensed user-friendly format. Quickly enhance your business acumen in the banking domain and impress your stakeholders in your next meeting!
Banks are commercial profitable institutions and need to increase their business, grow their revenue, and provide returns to their owners. Unlike other stores and shops, banks are providing services rather than selling their products. Learn how banks get their funds and how they make money on services. Read more to learn how the banks earn their profit!
To understand the business model and value chain of any industry, it is very important to understand the customer profile for the products and services being offered. Modern banking industry caters to different types of customers ranging from individuals to large corporates; serve diverse geographies from rural villages to cross border international operations, utilizes various banking channels like branch network and e-banking. In this article, we will help you understand the diverse customer base that will help you to understand the value chain.
Some good examples of real business projects with high business impact in banking domain. Helps the learner to understand how to create a well-defined project, with clear deliverables providing great learning experience. Short and precise structured output with good use of project management tools
Along with the banking industry’s digital transformation, comes significant challenges in the operational model as well as customer and business strategy to remain competitive. Given in this article are few of the real-life challenges faced by banks, and the strategies adopted by the banks to succeed in the coming year and mitigate the risk posed by these challenges. Overcoming these challenges is not easy and the transition from legacy systems to innovative solutions requires various coordinated steps to survive but thrive in the current landscape.
Islamic finance is available in 56 countries through 1,389 sharia-compliant companies that have total assets under management (AUM) of $2.4 trillion, according to a 2018 study from Thomson Reuters. This article explores how to improve and explore the products, structures, and executions of Islamic Financing in line with the global trend in the financial sector.
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