Major markets, such as the United States of America, Hong Kong, the United Kingdom, Japan, Singapore, and Australia, continue to follow the T+2 settlement cycle. However, in different jurisdictions, the talk about moving towards a T+1 settlement cycle is gathering momentum. The new mechanism will have a greater impact on the auction market because if a seller cannot deliver stocks on the settlement day, these shares will come into the auction market, says Raghu Kishore M, Manager Delivery, Cigniti Technologies.

Digital channels are now the dominant banking channels worldwide. As a result, customers are visiting the branches less and using the digital platforms for their banking needs. Due to portability and quick access to features in #banking transactions, Internet banking and mobile banking have become key banking platforms with a huge increase in popularity. Banking institutions provide all the features of online and mobile banking for the customer, and we can use these channels through hyper-personalization based on customer usage and provide a better and more customized solution, says Amar Sindol, Delivery Manager, Cigniti Technologies.

Automation is crucial in enabling #digitaltransformation. Digital transformation success calls for increasing quality-at-speed for software-enabled digital experiences. To get there, it is imperative for #enterprises to enhance the delivery capability of their teams. This involves automating much of the testing program. An effective testing program will provide an overall view of all quality metrics. This allows development teams to complete the right mix of automated and manual tests for all digital channels.

Modern systems built on cloud technologies and microservices architecture have a lot of dependencies on the internet, infrastructure, and services that you do not have control over. We cannot control or avoid failures in distributed systems, but we can control the impact radius of the failure and optimize the time to recover and restore the systems. This can be achieved only by exercising as many failures as we can in the test lab, thus achieving confidence in the system’s resilience., says Jitendra Nath Lella, Senior Architect, Delivery, Cigniti Technologies.

The main reason for having digital payment applications in the cloud is that customers can pay from anywhere if they have internet access. The digital payment application to be migrated to the #cloud should run flawlessly in the cloud environment. If migrated and implemented in the correct way, a cloud-based digital payment system will bring added convenience to customers and retailers and provide enhanced data security and reduce maintenance costs, says Payel Ghosh, Associate Principal Consultant, Delivery, at Cigniti Technologies.