Lately, technology has been reshaping how financial services are delivered to customers. Raghuram Krovvidy The financial services industry is undergoing a significant transformation driven by digital disruption. The widespread adoption of digital banking & insurance applications has revolutionized how customers engage with their financial services provider. Technological advancements, evolving customer expectations, and increased competition have necessitated a rapid digital transformation within the Banking, Financial Services, and Insurance (BFSI) sector. According to Gartner, the growth trend in the BFSI sector is expected to continue, with a compound annual growth rate of 5.7% over the upcoming years, leading to an estimated spending of approximately $715 billion by 2025. Banking, real estate, infra stocks likely to perform well this year, IT may be under pressure: Siddharth Oberoi Nifty may rise to 18500 if it holds above 18200; Bank Nifty strong support near 43200 levels The importance of digital assurance in the BFSI sector cannot be overstated. Banks, Insurance, and financial services institutions operate in a highly regulated environment with stringent data privacy and security requirements. Any failures in digital systems or processes can have significant consequences, including data breaches, financial losses, and reputational damage. Digital assurance plays a crucial role in mitigating […]
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