At the start of this year, many industry experts in banking predicted that 2020 will be a year of disruption. Three months down and what a disruption it has been. Nobody saw the disruption of Covid-19 coming, impacting not just banking but the entire global economy. Once the recovery process starts, banking industry must be […]
Moving to a new core banking system is full of excitement, until the data migration process experiences unexpected interruption despite impeccable planning. One such aspect is leaving behind some data elements that you’ve spent years collecting and organising. Leave behind some data, What does it mean? In a core banking replacement program, data migration is […]
Last February, Punjab National Bank (PNB) was defrauded of INR 114 Billion and the financial repercussions are still felt in the banking sector. The alleged scamsters were aided by junior employees of the bank’s Brady house branch. The modus operandi was to issue Letter of Undertaking through the SWIFT terminals without any margin money or […]
