Category: Innovation

How to Deliver Excellent Tier-One Technical Support: A Comprehensive Guide

In today’s technology-driven world, tier-one technical support plays a pivotal role in ensuring seamless business operations and delivering exceptional customer experiences. Tier-one technical support is the first level of customer service that aids with basic technical issues. It is essential for any business that relies on technology to operate smoothly and efficiently. With over 14 years of expertise, DelonApps has been at the forefront of providing top-tier technical support services to clients worldwide.
However, delivering excellent tier-one technical support can be challenging, as it requires IT specialist agents to think outside the box and focus on solving each customer’s unique problem. In this article, we will share our experience and expertise at DelonApps in providing B2B technology support services in the last 14 years and offer some tips and best practices for training IT specialist agents.
This comprehensive guide aims to delve deeper into the art of delivering outstanding tier-one technical support. We will share insights on training methodologies, explore the history of tier-one support, delve into advanced technical knowledge, discuss the customer-centric approach, and highlight innovative solutions.

Successful Case Studies
DelonApps has successfully provided robotics management services to big companies in Nigeria and United Kingdom, and our IT specialist agents are trained to think outside the box and focus on solving every customer’s unique problem.
Here are some of our successful case studies:
• Nigeria: We provided tier-one technical support to a leading e-commerce company in Nigeria. We were able to resolve 95% of customer issues within the first contact, resulting in a significant increase in customer satisfaction ratings.
• United Kingdom: We provided tier-one technical support to a software company in the UK, helping them troubleshoot complex software issues. Our team was able to reduce the average resolution time by 50%, resulting in improved customer retention and loyalty.
• Other Regions: We have also provided successful tier-one technical support to clients in various other regions, including North America, Europe, and Asia. We pride ourselves on our ability to think outside the box and provide customized solutions to every customer’s unique problem.

Training Methodologies: Nurturing Excellence
Training IT specialist agents is the cornerstone of delivering exceptional tier-one technical support. Let’s explore the training methodologies that empower agents to excel in their roles:
Interactive Workshops and Simulations: Utilize interactive workshops and simulations to immerse agents in real-world scenarios. This hands-on approach allows agents to practice problem-solving and communication skills in a controlled environment.
Mentorship Programs: Implement mentorship programs where seasoned agents guide newcomers. This fosters knowledge transfer, helps new agents adapt quickly, and promotes a culture of continuous learning.
Certifications and Continuous Learning: Encourage agents to pursue certifications in relevant technologies. Additionally, provide ongoing training to keep agents updated on the latest industry trends and product knowledge.
Role-Playing Exercises: Conduct role-playing exercises to enhance agents’ communication skills and their ability to empathize with customers. Realistic scenarios help agents develop effective responses to customer inquiries and concerns.

Successful Strategies for Training IT Specialist Agents
When providing tier-one technical support, it is important for IT specialist agents to think outside the box and focus on solving each customer’s unique problem. Here are some successful strategies for training agents to do so:
• Emphasize active listening skills to understand the customer’s issue and needs.
• Encourage agents to ask open-ended questions to gather more information about the problem and potential solutions.
• Provide ongoing training and education on new technologies and products to keep agents up-to-date and informed.
• Create a supportive and collaborative team environment where agents can share ideas and solutions.

Common Pitfalls in Delivering Tier-One Technical Support
However, there are also some common pitfalls that can hinder the quality of tier-one technical support. Here are some of them:
• Overreliance on FAQs: Focusing too much on a frequently asked questions document can lead to a lack of creativity and problem-solving skills when dealing with unique customer issues. It’s important to train agents to think outside the box and approach each issue as a unique problem to be solved.
• Lack of Empathy: Technical support can be frustrating for customers, especially if they are experiencing a problem that is impacting their business. Agents who lack empathy can exacerbate the situation and leave customers feeling unheard and unvalued. It’s important to train agents to approach each interaction with empathy and to actively listen to the customer’s concerns.
• Lack of Technical Knowledge: Agents who lack technical knowledge can frustrate customers and make it difficult to resolve issues. It’s important to ensure that agents have the necessary technical knowledge to effectively troubleshoot and solve customer problems. This can be achieved through ongoing training and development programs.

History of Tier-One Support in Nigeria: A Journey of Evolution
To appreciate the significance of tier-one technical support, let’s take a historical journey through its evolution in Nigeria:
The Evolution of Tier-One Support in Nigeria: A Tech Odyssey
In the world of Nigerian tech, a fascinating journey has unfolded—the evolution of tier-one technical support. This narrative tracks the growth and transformation of this essential component in Nigeria’s tech landscape.
In the early days, as technology began to make its mark in Nigeria, businesses grappled with basic technical issues. Tier-one support was in its infancy, often handled by internal tech enthusiasts or outsourced to overseas support teams. It was a time of experimentation and learning.
As the years passed, a significant shift occurred. Nigerian businesses recognized the advantages of focusing on their core operations while outsourcing technical support. This marked the emergence of specialized support providers, offering expertise and assistance to navigate the complexities of the tech world.
In this evolving landscape, a new generation of support providers, including DelonApps, emerged. They combined technical proficiency with a deep understanding of Nigeria’s business environment. These providers realized that effective support required more than just technical knowledge—it demanded insight into the unique challenges faced by Nigerian enterprises.
With the turn of the century, Nigeria experienced a technology boom. Tier-one support moved to the forefront, with companies like DelonApps playing a vital role in helping businesses leverage technology for growth.
As the digital clock ticked, tier-one support evolved from a peripheral service to a central pillar of business operations in Nigeria. It bridged the gap between complex tech solutions and end-users, ensuring seamless operations.
And thus, the narrative of tier-one technical support in Nigeria continues to unfold. In an era of rapid technological advancement, support providers remain instrumental in ensuring business continuity, troubleshooting tech issues, and facilitating progress in Nigeria’s tech landscape.
In this unfolding narrative, we witness not only the evolution of tier-one support but also the adaptability of Nigerian businesses. They have embraced technology as a tool for growth, seeking support services that align with their quest for excellence.
As we journey through more digital chapters, one thing remains evident: the story of tier-one support in Nigeria is far from its final pages. It is a narrative shaped by the ever-evolving demands of technology and the commitment to delivering exceptional support in Nigeria’s tech-driven world.

Advanced Technical Knowledge: The Backbone of Support
Advanced technical knowledge is indispensable for IT specialist agents. Let’s delve into some key areas where technical expertise plays a pivotal role:
Cloud Computing: As cloud technology becomes ubiquitous, agents need in-depth knowledge of cloud platforms and services to assist clients effectively in migrating, optimizing, and troubleshooting cloud-based solutions.
Cybersecurity: The ever-present threat of cyberattacks demands that agents possess a strong understanding of cybersecurity principles. This knowledge is vital for safeguarding customer data and systems.
Data Analytics: Proficiency in data analytics tools and techniques allows agents to help clients derive actionable insights from their data, enabling data-driven decision-making.
Emerging Technologies: Staying updated on emerging technologies such as artificial intelligence, Internet of Things (IoT), and blockchain equips agents to address cutting-edge customer needs.

Customer-Centric Approach: The Heart of Support
In the realm of tier-one technical support, the customer-centric approach is not merely a strategy; it is the very heart and soul of delivering exceptional support services. This section will delve into the multifaceted aspects of a customer-centric approach, shedding light on its profound impact on support operations and how it forms the nucleus of support excellence.
Personalization: Crafting Tailored Solutions
At the core of the customer-centric approach lies the concept of personalization. Each customer is unique, and their technical issues often come with distinct nuances. Customer support agents, armed with a customer-centric mindset, excel at tailoring solutions to fit the specific needs and circumstances of individual clients. By harnessing customer data and interaction history, these agents craft responses and solutions that resonate with the customer, creating a personalized support experience.
Proactive Support: Anticipating Needs
Proactivity is another vital facet of the customer-centric approach. Forward-thinking support providers take the initiative to anticipate potential issues before they impact the customer. By employing sophisticated monitoring tools and data analysis, these providers can identify early warning signs and intervene proactively. This approach not only prevents disruptions but also showcases a commitment to the customer’s success, solidifying trust and loyalty.
Feedback Loops: Listening and Improving
Customer feedback is akin to a treasure trove of insights that can steer support operations in the right direction. A customer-centric support model places great emphasis on establishing robust feedback loops. This involves actively seeking customer opinions, concerns, and suggestions. By carefully listening to and acting on this feedback, support providers can continuously enhance their services. It’s not just about resolving issues; it’s about addressing the root causes and fine-tuning operations to meet and exceed customer expectations.
Empathy and Active Listening: Connecting on a Human Level
In the realm of technical support, empathy and active listening are the building blocks of meaningful interactions. A customer-centric approach encourages agents to approach each interaction with genuine empathy. It involves not only solving technical problems but also acknowledging and validating the customer’s emotions and concerns. Active listening plays a pivotal role in this process. By keenly tuning into the customer’s words, tone, and context, agents can better understand the underlying issues and provide not just solutions but reassurance and comfort.
Resolution Beyond the Surface: Beyond Troubleshooting
While resolving technical issues is the primary goal of support, a customer-centric approach goes beyond the surface. It recognizes that customers may have broader concerns and aspirations related to their technology usage. Agents who embody this approach take the time to understand the bigger picture. They consider how technical solutions align with the customer’s business goals, and they offer guidance and recommendations that extend beyond mere troubleshooting. This proactive approach elevates the support interaction from a transactional exchange to a partnership focused on mutual success.
Building Trust: The Cornerstone of Customer-Centricity
Trust is the cornerstone of the customer-centric approach. When customers know that their support provider has their best interests at heart, trust flourishes. Trust paves the way for long-term relationships, loyalty, and advocacy. It transforms customers into partners who rely on and advocate for support services that truly understand and prioritize their needs.
Continuous Evolution: Adapting to Changing Needs
In the ever-evolving landscape of technology, the customer-centric approach is not static. It evolves alongside the changing needs and preferences of customers. Support providers committed to this approach continually adapt their strategies, tools, and processes to align with emerging trends and technologies. They remain at the forefront of support excellence by staying attuned to customer expectations in a dynamic tech environment.

Innovative Solutions: Pioneering the Future
Innovation is the driving force behind successful tier-one technical support. Here are some innovative solutions that set the stage for excellence:
AI-Powered Chatbots: Implement AI-powered chatbots for quick issue resolution and 24/7 support availability. These bots can handle routine inquiries, freeing up human agents for more complex tasks.
Predictive Analytics: Utilize predictive analytics to identify potential technical issues before they impact customers. Proactively resolving issues boosts customer satisfaction.
Remote Assistance Tools: Equip agents with advanced remote assistance tools that allow them to troubleshoot and resolve technical issues directly on customers’ devices.
Knowledge Base Augmentation: Enhance your knowledge base with AI-driven search capabilities. This empowers agents to quickly access relevant information and provide timely solutions.

Conclusion
In conclusion, tier-one technical support is the cornerstone of delivering exceptional customer experiences and ensuring smooth business operations. By following the tips and best practices we have shared in this article, you can train your IT specialist agents to deliver excellent tier-one technical support that will satisfy your customers and boost your business performance.
By embracing training methodologies, understanding the history of tier-one support in Nigeria, possessing advanced technical knowledge, adopting a customer-centric approach, and implementing innovative solutions, businesses can excel in this critical domain.
DelonApps, with its extensive expertise, continues to pave the way for businesses to achieve excellence in tier-one technical support. If you need help with providing tier-one technical support, or you don’t know where to start? Feel free to contact us today. We have the experience, expertise, and tools to help you achieve your goals.

Apple Stores start selling new iPhones, iPads worldwide

As Apple Stores begin selling the new iPhone 13 range, iPad mini 6, and iPad, Apple has released a series of images from Beijing showing the first buyers.

The first preorders for the iPhone 13 range, the iPad mini 6, and the new ninth-generation iPad, are being delivered to customers today. At the same time, Apple Stores around the world have stocks, in some cases including ones of models like the iPhone 13 Pro Max which are now back-ordered online.

“On Friday, September 24, the innovative and elegant iPhone 13 lineup, powerful new iPad mini, and ninth-generation iPad went on sale around the world,” announced Apple in a press release. “Apple Store locations, as well as Apple’s online store, are open for customers who want to learn about and experience the newest iPhone and iPad lineups.”

Apple has released a series of images showing customers buying at the company’s Apple Store in Beijing.

The release means that most of the devices Apple launched at its “California Streaming” event are now available to buy. Only the Apple Watch Series 7 remains to be released, and as yet Apple has not given a date for that.

Major highlights from Microsoft’s 2021 Surface event

On Wednesday, Microsoft hosted its most recent Surface product event. The company unveiled updated versions of its products, including the Surface Pro, Surface Go, and foldable phones. Here’s a rundown of everything Microsoft unveiled at the event.

Surface Laptop Studio

The Surface Laptop Studio is a portable computer inspired by the Surface Studio all-in-one computer. To make inking and sketching more immersive, a hinge is provided that allows you to pull the display over the keyboard. Microsoft also boasts that the Surface Studio is the company’s most powerful laptop to date. Intel’s 11th-generation H35 CPUs and Intel Xe graphics are used in the laptop. It’s also compatible with NVIDIA’s RTX 3050 Ti GPU. Users can pre-order the Surface Laptop Studio. It costs $1,600 and will commence shipment on October 5th.

Surface Duo 2 dual screen android device

The new Surface Duo 2 includes several new cameras, 5G capability, near-field communications for mobile payments, and stereo speakers, all of which were absent from the previous generation. It also has the Qualcomm Snapdragon 888 processor used in other premium phones such as Samsung’s most recent Galaxy smartphones.

 

When the Surface Duo 2 is opened, two 5.8-inch screens appear, which may be used together. For example, you might run one program on one screen and another on the other. Alternatively, you may use the 8.3-inch area to extend a single app across both displays.

Surface Pro 8 and slim pen 2

The Surface Pro 8 comes with a 13-inch PixelSense display with a 120Hz refresh rate, Thunderbolt 4 connectivity, and Intel’s newest 11th-generation CPUs. The Surface Pro’s thick display borders have also been reduced by Microsoft. The Surface Pro 8 is available for pre-order now and will cost $1,100 when it goes on sale on October 5th, it goes on sale.

Microsoft also unveiled the Slim Pen 2 with the Surface Pro 8. The $130 stylus has a haptic motor that, according to Microsoft, makes it seem like you’re writing on paper rather than on glass. The Surface Adaptive Kit is another new attachment that includes a selection of add-ons that make it simpler to find certain keys, identify ports, and open your laptop or its kickstand.

Surface Pro X

Microsoft has introduced a new Wi-Fi-only version of its Surface Pro X tablet, which was initially released with LTE cellular capability in 2019. It’s the first version to only include Wi-Fi, and it’ll cost $900.

However, with Windows 11 coming out next month, it will enable the tablet to emulate 64-bit apps and execute them.

Surface Go 3

Intel CPUs are used in the new Surface Go 3. The base model has a Pentium Gold 6500Y CPU, which is an upgrade over the 4425Y in Go 2, while the more costly models have Core i3 CPUs from the 10th generation. The latter processor, according to Microsoft, is 60% quicker than the Core m3 it previously provided with the Go 2. Pre-orders for the complete Surface Go 3 family are now open, with the basic model priced at $400. It will be available on October 5th, along with all of Microsoft’s other Surface PCs.

Surface Adaptive Kit

Microsoft is developing a Surface Adaptive Kit for disabled individuals. With keycap labels, bump labels, port indicators, and device openers, the package makes Microsoft’s range of laptops and tablets more accessible.

The keycap and bump labels make it simpler to discover ports and cables as well as identify essential keys. A pull tab and ring are included in the opener support to provide users more options when opening a laptop lid or manipulating a Surface kickstand. The kit was developed in collaboration with individuals with disabilities to ensure that it meets a wide range of needs.

In-Depth Industry & Ecosystem Analysis

Whether you are building an enterprise web portal or a state-of-the-art website, you always need the right modern tools. Well-built and maintained PHP frameworks provide those tools in abundance, allowing maintained PHP frameworks provide those tools in abundance, allowing developers to save time, re-use code, and streamline the back end. As software development tools continuously change to follow the latest. Despite the competition from startups and the ever-present economic challenges, the banking industry is gradually adopting what the latest technologies have to offer.

From cloud technology to cyber risk management to machine learning in investment banking, join us as we explore the banking industry trends for 2019 and beyond. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Cloud Technology as New Foundation

Cloud has become the new normal for nine of ten enterprises across industries. The average IT environment in both SMBs and larger companies is becoming increasingly cloud-based. Companies also diversify their delivery models, with Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) gaining more and more traction. Plus, a slew of new job positions have emerged to manage different aspects of cloud in the enterprise, including architecture and safety.

One of the new trends in the banking industry, ensuring fail-safe security will also be a core question regardless of the type of a cloud solution and its scale. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Risk Management Banking Industry Trends

Existing risk management systems at banking organizations might not be ready to face the challenges of the rapidly changing world. Poised to become the top banking industry trends for 2019 and years to come, AI-driven solutions with machine and deep learning algorithms provide a solution. As for cyber risk management, experts at Deloitte point at the following trends in the banking industry:

  1. Strengthen basic controls like IT asset, patch, and vulnerability management to identify and manage risks related to implementation of cloud and migration to open architecture.
  2. Use analytics tools and AI with security in mind.
  3. Build an IT infrastructure with security as a top priority: it should be able to withstand systematic attacks and long stress periods.
integrio blog layers 2
Risk Management Banking Industry Trends

Fintechs and nonbanks now have a substantial influence in the banking industry. They are highly agile, innovative, and aim at exceeding the demands of modern customers in banking services and experiences. Established retail banks need to compete and often play catch-up. Still, they acknowledge the need to change, and change fast.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure.

– Paul Tournier

Thus, adopting the same approach is a potent solution for retail banks that aim at adopting the latest trends in the banking industry quickly and impactfully.

5 Questions for Connected Product UX

Whether you are building an enterprise web portal or a state-of-the-art website, you always need the right modern tools. Well-built and maintained PHP frameworks provide those tools in abundance, allowing maintained PHP frameworks provide those tools in abundance, allowing developers to save time, re-use code, and streamline the back end. As software development tools continuously change to follow the latest. Despite the competition from startups and the ever-present economic challenges, the banking industry is gradually adopting what the latest technologies have to offer.

From cloud technology to cyber risk management to machine learning in investment banking, join us as we explore the banking industry trends for 2019 and beyond. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Cloud Technology as New Foundation

Cloud has become the new normal for nine of ten enterprises across industries. The average IT environment in both SMBs and larger companies is becoming increasingly cloud-based. Companies also diversify their delivery models, with Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) gaining more and more traction. Plus, a slew of new job positions have emerged to manage different aspects of cloud in the enterprise, including architecture and safety.

One of the new trends in the banking industry, ensuring fail-safe security will also be a core question regardless of the type of a cloud solution and its scale. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Risk Management Banking Industry Trends

Existing risk management systems at banking organizations might not be ready to face the challenges of the rapidly changing world. Poised to become the top banking industry trends for 2019 and years to come, AI-driven solutions with machine and deep learning algorithms provide a solution. As for cyber risk management, experts at Deloitte point at the following trends in the banking industry:

  1. Strengthen basic controls like IT asset, patch, and vulnerability management to identify and manage risks related to implementation of cloud and migration to open architecture.
  2. Use analytics tools and AI with security in mind.
  3. Build an IT infrastructure with security as a top priority: it should be able to withstand systematic attacks and long stress periods.
integrio blog layers 2
Risk Management Banking Industry Trends

Fintechs and nonbanks now have a substantial influence in the banking industry. They are highly agile, innovative, and aim at exceeding the demands of modern customers in banking services and experiences. Established retail banks need to compete and often play catch-up. Still, they acknowledge the need to change, and change fast.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure.

– Paul Tournier

Thus, adopting the same approach is a potent solution for retail banks that aim at adopting the latest trends in the banking industry quickly and impactfully.

Your 5-Minute Guide: Types of Data Analytics

Whether you are building an enterprise web portal or a state-of-the-art website, you always need the right modern tools. Well-built and maintained PHP frameworks provide those tools in abundance, allowing maintained PHP frameworks provide those tools in abundance, allowing developers to save time, re-use code, and streamline the back end. As software development tools continuously change to follow the latest. Despite the competition from startups and the ever-present economic challenges, the banking industry is gradually adopting what the latest technologies have to offer.

From cloud technology to cyber risk management to machine learning in investment banking, join us as we explore the banking industry trends for 2019 and beyond. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Cloud Technology as New Foundation

Cloud has become the new normal for nine of ten enterprises across industries. The average IT environment in both SMBs and larger companies is becoming increasingly cloud-based. Companies also diversify their delivery models, with Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) gaining more and more traction. Plus, a slew of new job positions have emerged to manage different aspects of cloud in the enterprise, including architecture and safety.

One of the new trends in the banking industry, ensuring fail-safe security will also be a core question regardless of the type of a cloud solution and its scale. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Risk Management Banking Industry Trends

Existing risk management systems at banking organizations might not be ready to face the challenges of the rapidly changing world. Poised to become the top banking industry trends for 2019 and years to come, AI-driven solutions with machine and deep learning algorithms provide a solution. As for cyber risk management, experts at Deloitte point at the following trends in the banking industry:

  1. Strengthen basic controls like IT asset, patch, and vulnerability management to identify and manage risks related to implementation of cloud and migration to open architecture.
  2. Use analytics tools and AI with security in mind.
  3. Build an IT infrastructure with security as a top priority: it should be able to withstand systematic attacks and long stress periods.
integrio blog layers 2
Risk Management Banking Industry Trends

Fintechs and nonbanks now have a substantial influence in the banking industry. They are highly agile, innovative, and aim at exceeding the demands of modern customers in banking services and experiences. Established retail banks need to compete and often play catch-up. Still, they acknowledge the need to change, and change fast.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure.

– Paul Tournier

Thus, adopting the same approach is a potent solution for retail banks that aim at adopting the latest trends in the banking industry quickly and impactfully.

Tech Conference Events 2019/2020

Whether you are building an enterprise web portal or a state-of-the-art website, you always need the right modern tools. Well-built and maintained PHP frameworks provide those tools in abundance, allowing maintained PHP frameworks provide those tools in abundance, allowing developers to save time, re-use code, and streamline the back end. As software development tools continuously change to follow the latest. Despite the competition from startups and the ever-present economic challenges, the banking industry is gradually adopting what the latest technologies have to offer.

From cloud technology to cyber risk management to machine learning in investment banking, join us as we explore the banking industry trends for 2019 and beyond. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Cloud Technology as New Foundation

Cloud has become the new normal for nine of ten enterprises across industries. The average IT environment in both SMBs and larger companies is becoming increasingly cloud-based. Companies also diversify their delivery models, with Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) gaining more and more traction. Plus, a slew of new job positions have emerged to manage different aspects of cloud in the enterprise, including architecture and safety.

One of the new trends in the banking industry, ensuring fail-safe security will also be a core question regardless of the type of a cloud solution and its scale. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Risk Management Banking Industry Trends

Existing risk management systems at banking organizations might not be ready to face the challenges of the rapidly changing world. Poised to become the top banking industry trends for 2019 and years to come, AI-driven solutions with machine and deep learning algorithms provide a solution. As for cyber risk management, experts at Deloitte point at the following trends in the banking industry:

  1. Strengthen basic controls like IT asset, patch, and vulnerability management to identify and manage risks related to implementation of cloud and migration to open architecture.
  2. Use analytics tools and AI with security in mind.
  3. Build an IT infrastructure with security as a top priority: it should be able to withstand systematic attacks and long stress periods.
integrio blog layers 2
Risk Management Banking Industry Trends

Fintechs and nonbanks now have a substantial influence in the banking industry. They are highly agile, innovative, and aim at exceeding the demands of modern customers in banking services and experiences. Established retail banks need to compete and often play catch-up. Still, they acknowledge the need to change, and change fast.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure.

– Paul Tournier

Thus, adopting the same approach is a potent solution for retail banks that aim at adopting the latest trends in the banking industry quickly and impactfully.

In-Depth Industry & Ecosystem Analysis

Whether you are building an enterprise web portal or a state-of-the-art website, you always need the right modern tools. Well-built and maintained PHP frameworks provide those tools in abundance, allowing maintained PHP frameworks provide those tools in abundance, allowing developers to save time, re-use code, and streamline the back end. As software development tools continuously change to follow the latest. Despite the competition from startups and the ever-present economic challenges, the banking industry is gradually adopting what the latest technologies have to offer.

From cloud technology to cyber risk management to machine learning in investment banking, join us as we explore the banking industry trends for 2019 and beyond. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Cloud Technology as New Foundation

Cloud has become the new normal for nine of ten enterprises across industries. The average IT environment in both SMBs and larger companies is becoming increasingly cloud-based. Companies also diversify their delivery models, with Infrastructure as a Service (IaaS) and Platform as a Service (PaaS) gaining more and more traction. Plus, a slew of new job positions have emerged to manage different aspects of cloud in the enterprise, including architecture and safety.

One of the new trends in the banking industry, ensuring fail-safe security will also be a core question regardless of the type of a cloud solution and its scale. Cloud is one of the current banking industry trends as well. It is expected that the technology will serve as a foundation for core modernization of banking organizations.

Risk Management Banking Industry Trends

Existing risk management systems at banking organizations might not be ready to face the challenges of the rapidly changing world. Poised to become the top banking industry trends for 2019 and years to come, AI-driven solutions with machine and deep learning algorithms provide a solution. As for cyber risk management, experts at Deloitte point at the following trends in the banking industry:

  1. Strengthen basic controls like IT asset, patch, and vulnerability management to identify and manage risks related to implementation of cloud and migration to open architecture.
  2. Use analytics tools and AI with security in mind.
  3. Build an IT infrastructure with security as a top priority: it should be able to withstand systematic attacks and long stress periods.
integrio blog layers 2
Risk Management Banking Industry Trends

Fintechs and nonbanks now have a substantial influence in the banking industry. They are highly agile, innovative, and aim at exceeding the demands of modern customers in banking services and experiences. Established retail banks need to compete and often play catch-up. Still, they acknowledge the need to change, and change fast.

There are no secrets to success. It is the result of preparation, hard work, and learning from failure.

– Paul Tournier

Thus, adopting the same approach is a potent solution for retail banks that aim at adopting the latest trends in the banking industry quickly and impactfully.