One-third banks expect commercial adoption of blockchain by next year: Infosys research
More than 50% of the banks globally have already invested on blockchain or will do so in 2017. About one out of three banks expects blockchain to be adopted commercially by 2018 while more than half forsee that happening by 2020, according to the findings of a new research by Infosys Finacle and Let's Talk Payment (LTP). The report titled Blockchain Technology: From Hype to Reality... By CIO&Leader
APAC Banking & Securities Industry to spend USD 67.1 Billion in 2017: Gartner
IT spending by banking and securities industry in the mature APAC region will reach USD 67.1 billion in 2017, a rise of 5.4% from 2016, according to Gartner. This forecast gives the total enterprise IT spending for internal spending and spending data on datacenter systems, devices, software, IT services and telecom services for 43 countries within 11 regions. Gartner’s report further pointed... By CIO&Leader
Fintech: What India can learn from the rest of the world
Recent KPMG and CB Insights research suggests that a total of USD 5.7 billion was invested in Fintech in the first quarter of 2016 alone. While companies in China and the US receive most of this funding, South-east Asia Fintech investment has increased significantly as well with combined USD 345 million of funding in the last 18 months. In India, Paytm made big news worldwide in the year 2015... By Pankaj Upadhyay
The adoption of UPI has kicked off since December 2016
According to representative data released by the Reserve Bank of India (RBI) in January 2017, digital payments fell 10.2% by volume and 7% by value in January 2017 against December 2016. The RBI has started releasing information on payment systems in the aftermath of the notes ban on November 8, 2016. On comparing the data from Novembe 2016 and December 2016, the total number... By CIO&Leader
Survey: Budget is the biggest obstacle to adopting advanced security technologies
According to Cisco's 2017 annual security report, in 2016, 35% of security professionals said that budget was their biggest obstacle to adopting advanced security processes and technology. As in 2015, compatibility issues with legacy systems was the second-most-common obstacle: 28% named compatibility in 2016, compared with 32% in 2015. "Money is only part of the problem. For... By CIO&Leader
Why business processes will soon be video-enabled?
Communication is an industry that is growing faster than most other areas in the ICT domain. With the improvements in infrastructure and technology, there is a visible shift from voice as the primary medium to video for business communication. Today video is primarily used by enterprises as a tool for business collaboration. Be it a project meeting between teams or a client/vendor meeting,... By Pankaj Gupta
Only 66 women for every 100 men in leadership and managerial positions: WEF
In the month of January, we decided to begin our research on the cover story that will tackle the critical question: Why are there so few women in enterprise IT. In the past, a lot of research has been done on this. Take for instance, National Center for Women & Information Technology carried out research last year that stated that 56% of technical women leave at the "mid-level" point -... By CIO&Leader
Security is top priority for IT Leaders in the US
According to Robert Half Technology IT Hiring Forecast, 16% of US Chief Information Officers (CIOs) recently surveyed plan to expand their technology teams in the first half of 2017. Additionally, keeping IT systems and company information secure topped the list of tech leaders' most pressing concerns for the coming year. Some of the technology trends that CIOs will focus in... By IT Next