Tag Archives: banking

A bank is a place where they lend you an umbrella in fair weather and ask for it back when it begins to rain

Ever heard of private banks financing the needs of the really needy? They don’t. That’s because the really needy customers will never have the monetary disposition to pay off the interest which is applicable for their risk profile. Isn’t that a tragedy of errors for these financial institutions?

How was data security in the banking industry implemented

Data security is a major concern in the banking industry where over the years technology has been used to implement various standards to facilitate the implementation of security in the various transactions and internal processes in the industry. Post 1996, banks started implementing data security in transactions using EDI or Electronic data Interchange standards. Financial […]