Banks are free to adopt an in-sourced or out-sourced model for operations of the digital banking segment, including DBUs. This gives the banks an opportunity to experiment with disruptive technologies in the cloud, one thing at a time. With so many innovations happening out there by fintech’s, banks do not have to bother about getting them to work with their core banking system, picking up best-of-breed solutions available on the cloud. The solutions tried and tested can then be added to the bank’s core banking system, says Vishnu Vardhan Vankayala, Associate Principal Consultant, Cigniti Technologies.

The global syndicated loan business is dependent on archaic back-office operations, administration & paperwork, tax rules and regulations across borders, transparency, and trust issues, and integration challenges between different members of the syndicate. The result is a longer settlement duration, high overheads between different parties - banks, borrowers, agencies, regulatory bodies, and high expenses in terms of fees, intermediaries, and documentation charges. Much of the challenge is due to the nature of the business.

Smart Room tech goes a long way in creating a lasting and memorable positive experience for millennial and next-gen customers who want all the information and convenience at their fingertips. Leading hotels are already on their journey towards experimenting or creating their own Smart Rooms leveraging IoT. IoT-driven Smart Room Technology creates multiple benefits for the guest, the service provider, and the environment, says Deepakumar, Principal Consultant, Cigniti Technologies.

Even though DevOps adoption and implementation appear to be simple, implementing DevOps at scale remains a difficult task for many enterprises. The fact that the DevOps journey is purely technical is something that many businesses misunderstand. Contrary to popular belief, proper DevOps implementation involves more than just technology. Processes and platforms, tools and technology, governance and metrics, people and culture, and management are all part of the DevOps journey. This is where Cigniti's expertise emerges.

Preventing, detecting, and eliminating fraud is one of the major focus areas of the e-commerce and banking industries at present. Banks and other financial institutions are investing in new ways to meet the challenge of preventing fraud. Firms are now embracing Artificial Intelligence (#AI) and Machine Learning (#ML) technology to detect, investigate, and reduce money laundering and transaction fraud effectively and efficiently. AI-based fraud prevention is very effective at reducing chargebacks, fake accounts, spam, account takeovers and so on., says Payel Ghosh, Associate Principal Consultant, Cigniti Technologies.

With fierce competition from enterprises and increased cloud adoption across the industries, it's past time to rethink the COTS portfolio approach to future-proof the growing business needs while lowering overheads. COTS apps, on the other hand, have their own set of issues when it comes to cloud migration. A standard R path analysis will not suffice to define the COTS cloud adoption journey, says Deepak Vijayaragavan, Vice President, Delivery, Cigniti Technologies.

Performance Assurance is one of the critical nonfunctional testing types that cannot be ignored for even certified products like SAP ECC or SAP HANA, because every implementation could be different in terms of customizations, integrations, data volumes, hardware sizing, and network topology. Performance assurance would add value to business operations in the effort spent and dollars burnt towards performance testing, says Prasad Paduchuru, Senior Manager, Cigniti Technologies.

So, in the end, it is not necessarily a matter of the myths vs realities of 5G – it is more about the timing. Everything we are hearing about 5G and the promise it holds is true. It will all just take more time for reality to catch up to the hype. And with that, we are encouraging all our clients that while they should not be stressed, they should certainly have their eyes wide open about how 5G will come into play, says Chris Manuel, Vice President, Cigniti Technologies.

IoT apps are linking the globe in ways it has never been connected before. The use of IoT apps has increased dramatically in the healthcare, insurance, and automobile industries. IoT apps' ability to detect, analyze, and assess real-time data via IoT sensors and devices is assisting the insurance industry tremendously in providing better insurance services, says Ashis Kumar Rout, Associate Principal Consultant, Cigniti Technologies.