The banking and financial services and insurance (BFSI) sector stands at the forefront of digital transformation, leveraging web applications and APIs to offer seamless services to customers across the globe. This digital revolution has opened doors to unprecedented opportunities, enabling financial institutions to transcend geographical boundaries and temporal constraints. According to the BCA report , the Asia-Pacific digital banking platform market is expected to reach US$ 2,423.8 Mn by 2027, reflecting a compound annual growth rate (CAGR) of 14.4% between 2018 and 2027, says the Business Market Insights. This growth is primarily driven by the rising digitalization in the BFSI sector and the growing demand for mobile banking solutions. As an example, BCA (Bank Central Asia), Indonesia’s largest bank by market capitalization, and one of the largest in Southeast Asia, says that the customers’ banking via mobile has tripled in the past four years, and mobile is now the most popular way of banking with BCA, accounting for nearly 42 million transactions per day. However, with great opportunities come significant challenges, especially in the realm of cybersecurity. As the attack surface expands in the BFSI sector, safeguarding IT infrastructures through web application security has become paramount. BFSI entities need […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
