Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Charlie Kirk shot dead
  • Nepal protests
  • Russia-Poland tension
  • Israeli strikes in Qatar
  • Larry Ellison
  • Apple event
  • Sunjay Kapur inheritance row
fp-logo
Cloud computing and AI were most used for banking and financial services in 2017: Microsoft
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit

Cloud computing and AI were most used for banking and financial services in 2017: Microsoft

Indo Asian News Service • December 26, 2017, 21:25:16 IST
Whatsapp Facebook Twitter

Microsoft launched Kaizala, a mobile app and service for Android, iOS and Windows phones, designed for large group communication and work management.

Advertisement
Subscribe Join Us
Choose
Firstpost on Google
Choose
Firstpost on Google
Cloud computing and AI were most used for banking and financial services in 2017: Microsoft

Cloud computing and using **artificial intelligence** (AI) to process vast amounts of disparate data were most picked up in 2017 that brought success for the **banking** , financial services and insurance (BFSI) sector in India, Microsoft said on Tuesday. [caption id=“attachment_4276473” align=“alignleft” width=“380”] ![Microsoft. Reuters.](https://images.firstpost.com/wp-content/uploads/2017/12/microsoft-380p.jpg) Microsoft. Reuters.[/caption] “The year 2017 witnessed a revolution in the BFSI sector as far as technology integration is concerned. A digital culture shift, designing a modern workplace that harnesses digital intelligence and enabling mobility are key aspects of it,” Microsoft said in a statement. The rise of self-service technology for partners and consumers drastically reduced the servicing cost for enterprises and improved customer satisfaction. On these lines, Microsoft launched Kaizala, a mobile app and service for Android, iOS and Windows phones, designed for large group communication and work management. The app coordinates work with the entire value chain, including field employees, vendors, partners and customers on-the-go. In 2017, cloud offered enterprises its unique advantages on three levels, making banks agile by rapidly upgrading to cloud-based technology, focusing on user adoption by identifying use cases based on work profiles and transforming business by process alignment with the new tools, all of which together ultimately enhanced, both branch and customer experience. AI transformed both front and back office operations with its self-improving programmes. Managing data has a lot to do with security and banking and finance institutions are sitting on a dearth of confidential information that requires technology intervention. Stable and high performing ‘BankingEasy’ applications, enabled small to mid-size banks to offer services and digital experiences such as centralised clearing, multi-channel banking, relationship banking, real time dynamic reporting, among others. Mobility and automation innovation in technology enabled banks in their turnaround time and to minimise errors. This will be a big boon for the banking and financial institutions in the coming year, Microsoft said.

Tags
Technology NewsTracker Microsoft artificial intelligence Automation mobility Microsoft India
  • Home
  • Tech
  • News & Analysis
  • Cloud computing and AI were most used for banking and financial services in 2017: Microsoft
End of Article
Latest News
Find us on YouTube
Subscribe
  • Home
  • Tech
  • News & Analysis
  • Cloud computing and AI were most used for banking and financial services in 2017: Microsoft
End of Article

Top Shows

Vantage Firstpost America Firstpost Africa First Sports
Enjoying the news?

Get the latest stories delivered straight to your inbox.

Subscribe
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV