Category: Technology

Bringing Your App Idea to Life: A Complete Service for Non-Technical Founders

Introduction to Our Services

In today’s digital era, many individuals possess innovative app ideas that have the potential to disrupt markets and enhance user experiences. However, a significant barrier often exists for non-technical founders—the lack of necessary technical skills and knowledge to transform their creative visions into functional applications. Recognizing this gap, our services are designed specifically for those individuals who aspire to bring their app ideas to life but feel apprehensive due to their non-technical background.

Our comprehensive service offerings encompass every stage of the app development process, starting from the initial concept phase to the final implementation. First and foremost, we provide consulting services that help clients refine their app ideas, ensuring they align with market demands and user expectations. This initial phase includes brainstorming sessions, market research, and feasibility studies. By engaging with our experienced consultants, non-technical founders can gain clarity and confidence in their app concepts.

Following the consulting phase, we move into the design aspect of our services. We believe that a user-centered design is paramount for the success of any application. Our team of expert designers crafts intuitive user interfaces that not only captivate potential users but also enhance overall user satisfaction. Special attention is given to accessibility and functionality, ensuring that the design resonates well with the target audience.

Finally, our implementation services bring the app design into a working model. With a skilled team of developers, we provide end-to-end app development solutions, including back-end and front-end development. Throughout this process, we prioritize communication and transparency, ensuring that our clients are well-informed and involved in the progression of their projects. By offering this complete suite of services, we empower non-technical founders to make their app dreams a reality, bridging the gap between innovative concepts and technical execution.

Understanding the App Development Landscape

The app development landscape is an intricate ecosystem comprising multiple layers and components that work in unison to bring a mobile application from concept to reality. Central to this process is the backend API (Application Programming Interface), which serves as a bridge between the mobile app and the server, facilitating data exchange and ensuring seamless functionality. The backend is responsible for data storage, user authentication, and server-side logic, making it a critical aspect of any application.

On the other hand, mobile app development focuses on creating the user interface (UI) and user experience (UX), ensuring that the application is both aesthetically pleasing and easy to navigate. A well-designed app requires adeptness in various programming languages and frameworks tailored for specific platforms such as iOS and Android. This multidimensional nature of app development underscores the necessity of technical skills, which are often beyond the scope of non-technical founders.

For many aspiring entrepreneurs, the lack of technical expertise may pose a significant barrier to entry in the app development arena. During the initial stages, founders might find it challenging to translate their ideas into functional applications without a solid understanding of programming principles and architectural requirements. This is where our services play a pivotal role. We provide comprehensive support, guiding non-technical founders through the complexities of the app development process. We bridge the gap between innovative ideas and technical execution, ensuring that every aspect of the project aligns with the founder’s vision.

In this rapidly evolving landscape, staying abreast of trends and technological advancements is vital. Integrating the right tools and frameworks into the app development process can significantly enhance performance and user engagement. By collaborating with experienced developers, non-technical founders can transform their app ideas into viable products, ultimately contributing to a successful market launch and sustained growth.

The Importance of User-Centered Design

User-centered design (UCD) is a critical component of effective app development, particularly for non-technical founders looking to transform their concepts into functional applications. UCD focuses on understanding the needs, preferences, and behaviors of users throughout the development process. By prioritizing the end-user experience, designers can create apps that are both visually appealing and intuitive to navigate, thereby ensuring a higher rate of user satisfaction and engagement.

One of the fundamental principles of user-centered design is empathy. Designers must actively seek to understand the target audience by conducting thorough research, including user interviews, surveys, and usability testing. These methods provide invaluable insights into the challenges users face and the features they desire. By addressing these insights in the app’s design, developers can create solutions that resonate with users, ultimately enhancing the user experience.

In addition to fostering a deeper understanding of user needs, UCD also emphasizes iterative design processes. This approach allows for continuous feedback and improvement, making it easier to address any usability issues that may arise during development. Designers implement prototypes that can be tested and refined based on real user interactions, ensuring the final product is polished and meets user expectations.

Our design services leverage UCD principles to assist clients in crafting interfaces that are not only aesthetically pleasing but also functional and user-friendly. By integrating feedback loops and usability testing throughout the design phase, we are able to create apps that maintain a user-focused approach. This methodology not only results in a product that stands out in a competitive market but also fosters user loyalty and trust. Ultimately, investing in user-centered design can lead to improved app performance and higher chances of success.

Consulting Services: Guiding You Every Step of the Way

In the rapidly evolving landscape of mobile applications, the journey from a mere idea to a fully realized product can be daunting, especially for non-technical founders. Our consulting services are designed to provide essential support, guiding clients through each stage of app development. This collaborative partnership begins with an in-depth understanding of the client’s vision. We employ a series of interactive sessions to elicit and refine app ideas, helping to transform abstract concepts into clear, actionable plans.

A pivotal aspect of our consulting service is the identification of market needs. We conduct thorough market research that allows us to position your app effectively, ensuring it meets user expectations and addresses any existing gaps in the market. By leveraging our knowledge of industry trends and user preferences, we provide insights that inform key decisions, shaping the direction of the project to maximize its potential for success.

Strategic advice is another cornerstone of our consulting approach. With a keen awareness of business objectives, we align our recommendations with your goals, whether they involve user acquisition, budget management, or technology selection. Our team offers a wealth of expertise in identifying the most suitable development methodologies and techniques, thereby optimizing resource allocation and timelines. Throughout this process, we encourage open communication and collaboration, fostering an environment where your ideas can flourish and evolve.

Ultimately, our goal is to empower non-technical founders by providing the guidance necessary to bring their app ideas to fruition. Through our comprehensive consulting services, we work diligently to ensure that you possess the tools, insights, and support needed to navigate the complexities of the app development cycle confidently.

Implementing the Technical Infrastructure

When transforming an app idea into reality, the technical infrastructure plays a pivotal role in ensuring seamless operation and performance. Our team specializes in developing a robust backend architecture that supports various app functionalities while ensuring scalability and reliability. The first step in this process is crafting a well-structured backend API. This API acts as a communication bridge between the app’s frontend and the database, allowing for efficient data exchange and management.

Our backend API is designed with a focus on security, speed, and flexibility. By utilizing RESTful principles, we create an easily navigable interface that developers can leverage to implement new features quickly. This adaptability is essential for non-technical founders who may wish to expand their app’s capabilities as user needs evolve. Additionally, the API ensures that user interactions—such as submitting data or retrieving information—are handled smoothly without delays or technical hiccups, enhancing overall user experience.

A key element of the technical infrastructure is effective database management. We employ relational and non-relational database systems depending on the app’s requirements and expected data load. Proper database structuring allows for efficient data retrieval and storage, which is critical for maintaining performance as your app scales. Our team meticulously monitors database health and optimizes queries, ensuring that performance remains optimal even during peak usage.

Furthermore, server configurations are essential to support the application infrastructure. We utilize cloud services, which provide flexibility in scaling resources based on traffic and data requirements. This approach not only enhances performance but also reduces downtime, allowing users to access the app seamlessly. By integrating these components effectively, we establish a solid foundation that empowers your app to thrive in a competitive environment, providing peace of mind for non-technical founders embarking on their app development journey.

Post-Launch Support and Maintenance

After an application is launched, the journey is far from over. Post-launch support and maintenance play a crucial role in ensuring the application remains functional, user-friendly, and competitive in an evolving market. Without effective ongoing support, issues such as bugs, performance downgrades, and user dissatisfaction can quickly arise, ultimately impacting user retention and the app’s reputation.

One of the primary services we offer is comprehensive bug fixing. Post-launch, users may encounter issues that were not evident during the testing phase. Our dedicated team monitors feedback, reviews crash reports, and promptly addresses bugs to enhance stability and functionality. This proactive approach not only improves user experience but also fosters trust, encouraging users to return and recommend the app to others.

Regular updates are also vital to the app’s longevity. These updates can include new features, refinements based on user feedback, or even design enhancements that keep the application visually appealing. As technology and user preferences evolve, updating the app ensures it meets current standards and remains relevant in its niche. Our team continually assesses market trends and user feedback, enabling us to implement updates that resonate with the target audience.

Additionally, scalability options are essential in the post-launch phase. As user engagement grows, app infrastructure may need to adapt to handle increased demand effectively. Our maintenance services consider future growth, ensuring that the app can expand seamlessly to cater to a larger audience without compromising performance.

In summary, post-launch support and maintenance are integral to the success of any application. Through continuous monitoring, timely bug fixes, regular updates, and scalable solutions, we ensure that your app not only meets current user needs but also adapts to changing market dynamics consistently.

Real-Life Success Stories

At our firm, we pride ourselves on the transformative journeys of our clients who have navigated the complex landscape of app development. Each project not only reflects the individual aspirations of its founder but also showcases our dedicated approach to turning innovative app ideas into functional realities. One notable success story involves a budding entrepreneur who envisioned an app aimed at promoting local farmers and their produce. Despite having limited technical knowledge, our team collaborated closely with her to design, develop, and launch “FarmFresh”. The app has since gained traction, attracting over 10,000 users in its first year and facilitating numerous local produce sales.

Another compelling case is that of a fitness enthusiast who wished to create a personalized workout tracker. With our guidance, the founder was able to overcome initial hurdles related to user interface design and functionality. Our developers implemented robust features, allowing users to customize workout plans and track their progress in real-time. Launched as “FitTrack Pro”, the app garnered positive reviews and rapidly climbed the charts in the health and fitness category, reinforcing the viability of the client’s app idea.

Furthermore, we helped a nonprofit organization establish a platform for volunteers to connect with local community projects. Through meticulous planning and feedback sessions, we enhanced the original concept of the app, ensuring it met the pressing needs of both volunteers and organizations. The end product, named “ConnectVol”, has successfully facilitated thousands of volunteer sign-ups and project collaborations.

These success stories illustrate our comprehensive understanding of various app types and the unique challenges faced by non-technical founders. By utilizing a personalized approach, we empower clients to overcome obstacles and achieve their app vision, demonstrating the significant impact of our services on their entrepreneurial aspirations.

FAQs: Addressing Common Concerns

When embarking on the journey of transforming an app idea into a tangible product, many non-technical founders have pressing questions regarding services, timelines, and costs. Addressing these concerns is essential for ensuring a clear understanding of our offerings. Below, we outline common inquiries that potential clients may have.

One of the most frequent questions involves timelines for app development. Typically, the duration varies based on the app’s complexity and features. A simple application may take around three to six months, whereas more intricate projects could require upwards of a year. We employ a structured project management approach, ensuring milestones are met, which keeps the timeline transparent and on track. Regular updates and reviews with our team further aid in maintaining clarity regarding progress.

Cost is another significant concern for many founders. We understand that budget constraints are paramount for startups. Pricing can range greatly based on the app’s functionality and design elements; however, we offer flexible packages to accommodate various financial scenarios. By thoroughly assessing the app requirements, we can provide a more personalized quote, ensuring that all costs are aligned with the project’s scope while avoiding any hidden charges.

Project management is crucial in turning your app idea into reality. Our dedicated project managers serve as your point of contact, coordinating between our development team and you, the founder. They facilitate communication, manage timelines, and streamline the feedback process, ensuring your vision remains at the forefront throughout the development stages.

Lastly, we recognize that many of our clients lack technical expertise. To address this, we offer comprehensive support, including educational resources and guidance on industry best practices. Our team ensures that you are well-informed and confident in the decisions made during the app development journey.

Getting Started: How to Work With Us

Beginning your app development journey with us is an exciting step forward for any non-technical founder. To ensure a seamless collaboration, we have structured our process into several manageable steps. The first step is to schedule an initial consultation. This meeting serves as a platform for us to discuss your app idea, understand your vision, and evaluate your goals. During this phase, we encourage you to outline your concept clearly, share any market research, and highlight your target audience. This information is crucial as it helps us align our services to meet your specific needs.

Once the consultation is complete, our team will proceed to develop a comprehensive proposal tailored to your project. This proposal will include details such as timelines, estimated costs, and a breakdown of our services. It will also highlight the roles and responsibilities of both parties, ensuring clarity and accountability moving forward. At this stage, your feedback will be invaluable; thus, we welcome any adjustments or suggestions to fine-tune the proposal to your satisfaction.

Upon mutual agreement, the next step involves selecting a payment structure that fits your budget and timeline. Our flexible pricing options aim to accommodate various financial situations while maintaining the quality of our services. Once everything is settled, we can commence the app development phase. Our dedicated team will provide regular updates, and you will have access to our project management tools to track progress easily.

To prepare for our collaboration, we recommend organizing any existing documentation or references that can aid our understanding of your project. Through effective communication and collaboration, we will bring your app idea to life, ensuring it meets your vision and expectations. As we work together, our focus will remain on delivering a product that resonates with your target audience.

Password complexity requirements explained

Policy: Password must meet complexity requirements

 

This security setting determines whether passwords must meet complexity requirements.

 

If this policy is enabled, passwords must meet the following minimum requirements:

 

  • Not contain the user’s account name or parts of the user’s full name that exceed two consecutive characters
  • Be at least six characters in length
  • Contain characters from three of the following four categories:
  • English uppercase characters (A through Z)
  • English lowercase characters (a through z)
  • Base 10 digits (0 through 9)
  • Non-alphabetic characters (for example, !, $, #, %)

Complexity requirements are enforced when passwords are changed or created.

Beware the Business Email Impersonation Scam: A Guide to Protecting Your Company

In today’s digital age, businesses face an increasing number of cyber threats, with one of the most pernicious being the Business Email Impersonation (BEI) scam. Also known as Business Email Compromise (BEC), this form of cybercrime has cost companies billions of dollars worldwide. Understanding how these scams work and implementing measures to protect your organization is crucial for safeguarding your assets and maintaining trust with your partners and customers.

What is Business Email Impersonation?

Business Email Impersonation is a sophisticated form of phishing attack where scammers pose as trusted figures within a company—such as CEOs, executives, or trusted vendors—to deceive employees into transferring funds or disclosing sensitive information. These attacks are meticulously planned, often involving extensive research on the target company and its personnel.

How Does It Work?

  1. Research and Planning: Scammers gather information about the company and key employees through social media, company websites, and other online resources.
  2. Spoofing or Hacking: They either spoof an email address to look like it’s coming from a legitimate source or hack into an actual email account within the organization.
  3. Sending the Email: The scammer sends an email to a targeted employee, typically someone in finance or HR, with a request to transfer money, provide sensitive information, or click on a malicious link.
  4. Manipulation and Pressure: These emails often create a sense of urgency, pressure, or confidentiality to prevent the victim from verifying the request.

Real-World Examples

  • The CEO Scam: A scammer impersonates the CEO and sends an urgent email to the finance department requesting a wire transfer to a “vendor” who is actually the scammer.
  • Vendor Email Compromise: Hackers compromise a vendor’s email account and send fraudulent invoices to the company, which are then paid to the scammer’s account.
  • Payroll Diversion: An employee in HR receives an email that appears to be from an executive requesting changes to direct deposit information, redirecting paychecks to the scammer’s account.

Impact on Businesses

The financial implications of BEI scams can be devastating. Companies have lost hundreds of thousands, even millions, of dollars to these schemes. Beyond financial loss, these scams can damage a company’s reputation, lead to legal complications, and erode trust with clients and partners.

Protecting Your Business

  1. Employee Training: Regularly train employees on how to recognize phishing emails and the importance of verifying requests, especially those involving financial transactions.
  2. Multi-Factor Authentication (MFA): Implement MFA for email accounts to add an extra layer of security.
  3. Email Filtering: Use advanced email filtering solutions to detect and block phishing attempts.
  4. Verification Procedures: Establish and enforce procedures for verifying requests for sensitive information or financial transactions, such as confirming requests by phone or through a secondary email address.
  5. Monitor Accounts: Regularly monitor email accounts for suspicious activity and set up alerts for unusual login attempts.
  6. Incident Response Plan: Have a plan in place for responding to email impersonation attacks, including steps for reporting the incident to authorities and communicating with stakeholders.

Conclusion

Business Email Impersonation scams are a serious threat that requires vigilance and proactive measures. By educating employees, implementing robust security protocols, and fostering a culture of verification and caution, businesses can significantly reduce the risk of falling victim to these scams. Stay informed, stay alert, and protect your organization from cybercriminals seeking to exploit trust and urgency for their gain.

The Simple Iframe Hack

Content Ideation: Tools & Techniques

Whether you are building an enterprise web portal or a state-of-the-art website, you always need the right modern tools. Well-built and maintained PHP frameworks provide those tools in abundance, allowing maintained PHP frameworks provide those tools in abundance, allowing developers to save time, re-use code, and streamline the back end. As software development tools continuously change to follow the latest. Despite the competition from startups and the ever-present economic challenges, the banking industry is gradually adopting what the latest technologies have to offer.

From cloud technology to cyber risk management to machine learning in investment banking, join us as we explore the banking industry trends for 2019 and beyond. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Cloud Technology as New Foundation

Cloud has become the new normal for nine of ten enterprises across industries. The average IT environment in both SMBs and larger companies is becoming increasingly cloud-based. Companies also diversify their delivery models, with Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) gaining more and more traction. Plus, a slew of new job positions have emerged to manage different aspects of cloud in the enterprise, including architecture and safety.

One of the new trends in the banking industry, ensuring fail-safe security will also be a core question regardless of the type of a cloud solution and its scale. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Risk Management Banking Industry Trends

Existing risk management systems at banking organizations might not be ready to face the challenges of the rapidly changing world. Poised to become the top banking industry trends for 2019 and years to come, AI-driven solutions with machine and deep learning algorithms provide a solution. As for cyber risk management, experts at Deloitte point at the following trends in the banking industry:

  1. Strengthen basic controls like IT asset, patch, and vulnerability management to identify and manage risks related to implementation of cloud and migration to open architecture.
  2. Use analytics tools and AI with security in mind.
  3. Build an IT infrastructure with security as a top priority: it should be able to withstand systematic attacks and long stress periods.
Risk Management Banking Industry Trends

Fintechs and nonbanks now have a substantial influence in the banking industry. They are highly agile, innovative, and aim at exceeding the demands of modern customers in banking services and experiences. Established retail banks need to compete and often play catch-up. Still, they acknowledge the need to change, and change fast.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure.

– Paul Tournier

Thus, adopting the same approach is a potent solution for retail banks that aim at adopting the latest trends in the banking industry quickly and impactfully.

Content Ideation: Tools & Techniques

Whether you are building an enterprise web portal or a state-of-the-art website, you always need the right modern tools. Well-built and maintained PHP frameworks provide those tools in abundance, allowing maintained PHP frameworks provide those tools in abundance, allowing developers to save time, re-use code, and streamline the back end. As software development tools continuously change to follow the latest. Despite the competition from startups and the ever-present economic challenges, the banking industry is gradually adopting what the latest technologies have to offer.

From cloud technology to cyber risk management to machine learning in investment banking, join us as we explore the banking industry trends for 2019 and beyond. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Cloud Technology as New Foundation

Cloud has become the new normal for nine of ten enterprises across industries. The average IT environment in both SMBs and larger companies is becoming increasingly cloud-based. Companies also diversify their delivery models, with Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) gaining more and more traction. Plus, a slew of new job positions have emerged to manage different aspects of cloud in the enterprise, including architecture and safety.

One of the new trends in the banking industry, ensuring fail-safe security will also be a core question regardless of the type of a cloud solution and its scale. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Risk Management Banking Industry Trends

Existing risk management systems at banking organizations might not be ready to face the challenges of the rapidly changing world. Poised to become the top banking industry trends for 2019 and years to come, AI-driven solutions with machine and deep learning algorithms provide a solution. As for cyber risk management, experts at Deloitte point at the following trends in the banking industry:

  1. Strengthen basic controls like IT asset, patch, and vulnerability management to identify and manage risks related to implementation of cloud and migration to open architecture.
  2. Use analytics tools and AI with security in mind.
  3. Build an IT infrastructure with security as a top priority: it should be able to withstand systematic attacks and long stress periods.
Risk Management Banking Industry Trends

Fintechs and nonbanks now have a substantial influence in the banking industry. They are highly agile, innovative, and aim at exceeding the demands of modern customers in banking services and experiences. Established retail banks need to compete and often play catch-up. Still, they acknowledge the need to change, and change fast.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure.

– Paul Tournier

Thus, adopting the same approach is a potent solution for retail banks that aim at adopting the latest trends in the banking industry quickly and impactfully.

Top 10: AR Apps in the History of Mobile

Whether you are building an enterprise web portal or a state-of-the-art website, you always need the right modern tools. Well-built and maintained PHP frameworks provide those tools in abundance, allowing maintained PHP frameworks provide those tools in abundance, allowing developers to save time, re-use code, and streamline the back end. As software development tools continuously change to follow the latest. Despite the competition from startups and the ever-present economic challenges, the banking industry is gradually adopting what the latest technologies have to offer.

From cloud technology to cyber risk management to machine learning in investment banking, join us as we explore the banking industry trends for 2019 and beyond. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Cloud Technology as New Foundation

Cloud has become the new normal for nine of ten enterprises across industries. The average IT environment in both SMBs and larger companies is becoming increasingly cloud-based. Companies also diversify their delivery models, with Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) gaining more and more traction. Plus, a slew of new job positions have emerged to manage different aspects of cloud in the enterprise, including architecture and safety.

One of the new trends in the banking industry, ensuring fail-safe security will also be a core question regardless of the type of a cloud solution and its scale. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Risk Management Banking Industry Trends

Existing risk management systems at banking organizations might not be ready to face the challenges of the rapidly changing world. Poised to become the top banking industry trends for 2019 and years to come, AI-driven solutions with machine and deep learning algorithms provide a solution. As for cyber risk management, experts at Deloitte point at the following trends in the banking industry:

  1. Strengthen basic controls like IT asset, patch, and vulnerability management to identify and manage risks related to implementation of cloud and migration to open architecture.
  2. Use analytics tools and AI with security in mind.
  3. Build an IT infrastructure with security as a top priority: it should be able to withstand systematic attacks and long stress periods.
Risk Management Banking Industry Trends

Fintechs and nonbanks now have a substantial influence in the banking industry. They are highly agile, innovative, and aim at exceeding the demands of modern customers in banking services and experiences. Established retail banks need to compete and often play catch-up. Still, they acknowledge the need to change, and change fast.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure.

– Paul Tournier

Thus, adopting the same approach is a potent solution for retail banks that aim at adopting the latest trends in the banking industry quickly and impactfully.

15 Secrets Of Digital Transformation

Whether you are building an enterprise web portal or a state-of-the-art website, you always need the right modern tools. Well-built and maintained PHP frameworks provide those tools in abundance, allowing maintained PHP frameworks provide those tools in abundance, allowing developers to save time, re-use code, and streamline the back end. As software development tools continuously change to follow the latest. Despite the competition from startups and the ever-present economic challenges, the banking industry is gradually adopting what the latest technologies have to offer.

From cloud technology to cyber risk management to machine learning in investment banking, join us as we explore the banking industry trends for 2019 and beyond. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Cloud Technology as New Foundation

Cloud has become the new normal for nine of ten enterprises across industries. The average IT environment in both SMBs and larger companies is becoming increasingly cloud-based. Companies also diversify their delivery models, with Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) gaining more and more traction. Plus, a slew of new job positions have emerged to manage different aspects of cloud in the enterprise, including architecture and safety.

One of the new trends in the banking industry, ensuring fail-safe security will also be a core question regardless of the type of a cloud solution and its scale. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Risk Management Banking Industry Trends

Existing risk management systems at banking organizations might not be ready to face the challenges of the rapidly changing world. Poised to become the top banking industry trends for 2019 and years to come, AI-driven solutions with machine and deep learning algorithms provide a solution. As for cyber risk management, experts at Deloitte point at the following trends in the banking industry:

  1. Strengthen basic controls like IT asset, patch, and vulnerability management to identify and manage risks related to implementation of cloud and migration to open architecture.
  2. Use analytics tools and AI with security in mind.
  3. Build an IT infrastructure with security as a top priority: it should be able to withstand systematic attacks and long stress periods.
Risk Management Banking Industry Trends

Fintechs and nonbanks now have a substantial influence in the banking industry. They are highly agile, innovative, and aim at exceeding the demands of modern customers in banking services and experiences. Established retail banks need to compete and often play catch-up. Still, they acknowledge the need to change, and change fast.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure.

– Paul Tournier

Thus, adopting the same approach is a potent solution for retail banks that aim at adopting the latest trends in the banking industry quickly and impactfully.

15 Best PHP Frameworks for 2020

Whether you are building an enterprise web portal or a state-of-the-art website, you always need the right modern tools. Well-built and maintained PHP frameworks provide those tools in abundance, allowing maintained PHP frameworks provide those tools in abundance, allowing developers to save time, re-use code, and streamline the back end. As software development tools continuously change to follow the latest. Despite the competition from startups and the ever-present economic challenges, the banking industry is gradually adopting what the latest technologies have to offer.

From cloud technology to cyber risk management to machine learning in investment banking, join us as we explore the banking industry trends for 2019 and beyond. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Cloud Technology as New Foundation

Cloud has become the new normal for nine of ten enterprises across industries. The average IT environment in both SMBs and larger companies is becoming increasingly cloud-based. Companies also diversify their delivery models, with Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) gaining more and more traction. Plus, a slew of new job positions have emerged to manage different aspects of cloud in the enterprise, including architecture and safety.

One of the new trends in the banking industry, ensuring fail-safe security will also be a core question regardless of the type of a cloud solution and its scale. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Risk Management Banking Industry Trends

Existing risk management systems at banking organizations might not be ready to face the challenges of the rapidly changing world. Poised to become the top banking industry trends for 2019 and years to come, AI-driven solutions with machine and deep learning algorithms provide a solution. As for cyber risk management, experts at Deloitte point at the following trends in the banking industry:

  1. Strengthen basic controls like IT asset, patch, and vulnerability management to identify and manage risks related to implementation of cloud and migration to open architecture.
  2. Use analytics tools and AI with security in mind.
  3. Build an IT infrastructure with security as a top priority: it should be able to withstand systematic attacks and long stress periods.
Risk Management Banking Industry Trends

Fintechs and nonbanks now have a substantial influence in the banking industry. They are highly agile, innovative, and aim at exceeding the demands of modern customers in banking services and experiences. Established retail banks need to compete and often play catch-up. Still, they acknowledge the need to change, and change fast.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure.

– Paul Tournier

Thus, adopting the same approach is a potent solution for retail banks that aim at adopting the latest trends in the banking industry quickly and impactfully.