November 2022 is the official go-live date for global banks migrating from SWIFT MT financial messaging to ISO 20022. The final deadline for this adoption is November 2025.
Because of the stay-at-home orders and social distancing of the past year, the COVID-19 pandemic brought about accelerated digital transformations across different industries, including finance. With customers now looking for accessible solutions for their banking needs, banks used this time to strengthen their virtual infrastructures and embrace significant growth opportunities. Here are a few financial technology trends that have come about as a result of the COVID-19 pandemic.
When developing new products or expanding existing capabilities, it’s necessary to test the novation and immutability of the previously existing functionality. Reliable tools for functional, integration, regression and performance testing are essential. The SOLAR Testing Toolkit is the perfect solution.
Internet connectivity is powerfully pushing back the limits of our reality – smart systems and environments fit smoothly into our daily routines, responding dynamically to behavior and anticipating needs through a knowledge of user preferences.
Convenience, the quality of financial products and customer support, and the resulting user satisfaction with a bank’s services directly depends on how well the bank’s internal business processes are organized.
As the coronavirus Covid-19 is spreading worldwide, financial institutions are being forced to move their customer services fully online.