Remove 2008 Remove Insurance Remove Service
article thumbnail

The Future of Blockchain in Banking and Financial Services and FinTechs | Blog

Everest Group

Blockchain technology promises to transform banking, financial services, and FinTechs by enhancing the digital customer experience while lowering costs and reducing data risks in a secure environment. Service providers investing in blockchain capabilities will win in the long run.

Banking 246
article thumbnail

How the UBS Takeover of Credit Suisse Will Impact the BFS IT Services Market | Blog

Everest Group

UBS’ takeover of longtime rival Credit Suisse in a rushed, deeply discounted deal has reverberations across the banking and financial services (BFS) IT services market and on service providers. Credit Suisse was already battling concerns when its biggest annual loss since 2008 exacerbated the situation.

Banking 130
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Five FinTech Trends to Watch for in the New Year | Blog

Everest Group

Looking back at the downturn in 2008, new FinTech trends emerged, including personal finance management (PFM), insurance aggregators and marketplace, robo-advisors, crowdfunding, challenger/neo/digital-only banks, and cryptocurrencies. FinTechs will target eliminating operational inefficiencies and data silos in core processes.

Banking 182
article thumbnail

From Buzzwords to Reality: Impact Sourcing and AI for Social and Business Advancement | Blog

Everest Group

Learning about NextWealth Notable Wipro veterans founded the company in 2008 to employ graduates in less populated Indian tier 2/3 towns. The other two supports leverage best-in-class technology for efficient service delivery and workforce skill enhancement, contributing to its operational success.

article thumbnail

AI Regulations for Financial Services: OCC

Perficient Digital Transformation

This mitigates the risk of customer service representatives providing incorrect information and ensures compliance with regulatory disclosures, ultimately enhancing the overall customer experience while reducing costs.

article thumbnail

The US Is Opting For Healthcare Call Center Outsourcing Companies – Here’s Why

Magellan Solutions

Benefits of Healthcare Call Center Outsourcing Companies in the Philippines Cost savings – Outsourcing to overseas call centers in countries like India and the Philippines can significantly reduce labor costs for US healthcare providers and insurers. Additionally, some centers offer real-time translation services.

article thumbnail

Mortgage Industry Trends Driving Layoffs and Five Tactics to Avoid Job Cuts

Everest Group

The exception is the steep decline from 2005 to 2008, when the US mortgage industry experienced a financial crisis. Enterprises solely relying on origination as their core services are faced with lower volumes, leading to increasing layoffs of employees working in areas with reduced demand.

Jobbing 130