The topmost challenges faced by developers while developing FinTech applications

Business application development for financial services providers has come a long way. It has transcended the traditional boundaries to ensure data optimization, security, compliance, scalability, agility, and innovation, which are the need of the hour. On the other hand, banking, insurance, and other financial institutions want to deploy FinTech (Financial Technologies) such as cloud, IoT (Internet of Things), intelligent automation, …

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What are the key challenges facing employees when it comes to phishing attacks?

Humans are often described as the weakest link in an organization’s security posture, and we frequently see ‘human error’ as a reason why an attacker has been able to breach an organization’s network. The human error that causes such attacks may be through phishing emails when cybercriminals send large numbers of targeted malicious messages to an employee which are disguised …

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Common challenges a FinOps team will solve

When organizations begin making the transition from on-premises IT infrastructure to public cloud, their financial IT operations change as fundamentally as their infrastructure does. The largest conceptual paradigm shift is that from large, infrequent capital outlays for IT infrastructure procurement to hourly operational expenses. In the former case, most organizations have a structured procurement process that requires various levels of …

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Multi-cloud is creating new security challenges for businesses

Businesses are increasingly turning towards multi-cloud to distribute risk, take advantage of differences in vendor pricing and support applications that require specific providers. However, as the number of providers grows, so do cybersecurity risks and challenges. These are the conclusions of a new paper, recently published by cybersecurity company Tripwire. Polling 314 security professionals for the report, Tripwire found that …

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The digitization of customer support is posing serious challenges

Companies that digitized their customer support channels in wake of the Covid-19 pandemic are now faced with a major challenge: customers don’t believe support is genuinely interested in solving their problems.  According to a new report from customer experience orchestration firm Genesys, customer service representatives’ concern sounds “fake” to a third (32 percent) of consumers. Furthermore, another third (31 percent) …

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Getting onboarding right has been one of the big challenges of the pandemic

Most people that switched jobs during the pandemic suffered a poor onboarding experience, a new report from employee engagement and culture app Totem shows. Polling 1,000 UK-based employees that recently started a new job, Totem found that just 15 percent had an excellent onboarding experience, with an additional third (29 percent) having an “average” one. For the rest, the experience …

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Many firms see distributed cloud as a viable solution for many challenges

The use of public cloud “skyrocketed” last year, with the Covid-19 pandemic driving revenues of $312 billion, according to analyst house IDC. This year, the firm says businesses are rushing to make the most of cloud and, to that end, many are eyeing distributed cloud. This service, which lets users run public cloud infrastructure in multiple different locations, allows for …

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Market excitement for fiber must not gloss over challenges

With finance houses investing billions in fiber and governments committing to country-wide rollouts as part of the EY’s European Gigabit Society objectives on connectivity, you could be forgiven for thinking that we are in the middle of a simple transition to super-fast networks with the capacity to spare. But anyone who has been around telecoms for any length of time …

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Hybrid cloud is getting more popular, but there are some big challenges

IT leaders everywhere are coming to the realization that hybrid cloud is a great way to optimize their IT infrastructure without disrupting business-critical applications.  However, there are major challenges ahead, mostly around cloud-based identity and access management (IAM). This is according to a new report from Google Cloud and identity management company ForgeRock.  Based on a poll of 300 IT …

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The four biggest challenges facing the payments industry right now

We all know that 2020 was an unusual and challenging year for everyone and as much as we would have all wished that things could have gone back to normal the second the clock struck midnight on the 31 December, that has unfortunately not been the case. Most industries and businesses continue to face a number of challenges, some carried …

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