Blockchain
Resiliency testing for decentralized applications with containerized application
By Abhishek Jain on March 31, 2021
Enterprise-level distributed/decentralized applications have become an integral part of any organization today and are being designed and developed to be fault-tolerant to ensure availability and operability. However, despite the time and efforts invested in creating a fault-tolerant application, no one can be 100 % sure that the application will be able to bounce back with […]
Cloud Transformation
DevSecOps: When DevOps’ Agile Meets Continuous Security
By Bhanu Pratap Singh on March 24, 2021
The business landscape today is extremely unpredictable. The number of applications that are hosted on disparate cloud environments or on-prem has proliferated exponentially, and hence there is a growing need for swifter detection of discrepancies (compliance and security-related) in the IT infrastructure. Continuous security during the development and deployment of software is critical as there […]
Artificial Intelligence
Banks and FinTechs: Enriching CX with Frictionless KYC, using AI.
By Ishita Sharma on March 24, 2021
A Forrester Report suggests that by 2030, banking would be invisible, connected, insights-driven, and purposeful. ‘Trust’ will be key for building the industry in the future. But how do banks and FinTechs enable an excellent customer experience (CX) that translates into “trust” when the onboarding experience itself is time-consuming and prone to error. The disengagement […]
Cloud Transformation
Assessing your firm’s Cloud Maturity
By Ishita Sharma on March 12, 2021
Burdened by silos and big and bulky infrastructure, the financial services sector seeks a change that brings agility and competitiveness. Even smaller financial firms are dictated by a need to cut costs and stand out. “The widespread, sudden disruptions caused by the COVID situation have highlighted the value of having as agile and adaptable a […]
Artificial Intelligence
Data on-boarding from unstructured sources: Bridging a critical gap in leveraging industry platforms
By Naina Sethi on March 11, 2021
Ingesting Unstructured data into other Platforms Industry specific Products / Platforms like the ERP for specific functions and processes have contributed immensely to enhancing efficiency and productivity. SI partners and end-users have focused on integrating these platforms with existing workflows through a combination of customization/configuring of these platforms and re-engineering existing workflows. Data Onboarding is […]
Blockchain
An Automated solution for Blockchain Infrastructure Testing
By Abhishek Jain on March 4, 2021
This current blog is part three in the series of blogs on DLT infrastructure testing. While in the first blog, we covered all aspects of infrastructure testing for decentralized applications built on the blockchain or distributed ledger platforms and the Magic FinServ approach. In the second blog, we have addressed why customers must make infrastructure […]
Blockchain
Why is Infrastructure testing important for decentralized applications built on any Blockchain or DLT
By Abhishek Jain on February 19, 2021
According to a recent forecast by Gartner, “by 2025, the business value added by blockchain will grow to slightly more than $176 billion, then surge to exceed $3.1 trillion by 2030.” Right from the voting process to the transfer of data for mission-critical projects, blockchain-based technology would be an integral part of the social, economic, […]
Artificial Intelligence
Revolutionizing the Investment Research Process with AI
By Ishita Sharma on February 11, 2021
Introduction Investment research and analysis is beginning to look very different from what it did five years ago. While five years ago, the data deluge could have confounded asset management leaders, they now have a choice on how things could be done differently, thanks to AI and advanced analytics. Advanced analytics helps create value by […]
Blockchain
Infrastructure Testing for Decentralized Applications built on Blockchain or Distributed Ledger Platform
By Abhishek Jain on December 17, 2020
Background: Ethereum is the first programmable blockchain platform provided to the developer community to build business logic in the form of a Smart Contract that eventually helps developers build decentralized applications for any business use case. Once Smart Contracts are developed, they need to be registered on the blockchain, followed by deploying to the blockchain. […]
Blockchain
Building Smart Contracts using DAML: A comparative exploration
By Amit Gupta on November 19, 2020
What are Smart Contracts? Smart contracts are translations of an agreement, including terms and conditions, into a computational code. Blockchain follows the “No Central Authority” concept, and its primary purpose is to maintain transaction records without a central authority. To automate this process of recording transactions, Smart Contracts were constituted. Smart Contracts carry several beneficial […]
Artificial Intelligence
From SEC EDGAR to Business Applications: Exploring an Alternative to Manual Data Extraction
By Piyush Gupta on October 16, 2020
The accessibility, accuracy, and wealth of data on the Securities and Exchange Commission’s EDGAR filing system make it an invaluable resource for investors, asset managers, and analysts alike. Cognitive technologies are changing the way financial institutions and individuals use data reservoirs like the SEC EDGAR. In a world that is being increasingly powered by data, […]
Blockchain
Revolutionary use of Smart Contracts to solve your Enterprise Reconciliation and Application Synchronicity Challenges
By Naina Sethi on July 9, 2020
Until recently, your enterprise may have considered smart contracts as a tool to bridge silos from one organization to another – that is to establish external connectivity over Blockchain. However, what if we proposed applying the same concept so a firm can be instrumental in addressing enterprise-wide data reconciliation and system integration / consolidation challenges […]
Artificial Intelligence
Optimizing Business Processes for a Post COVID-19 World
By Ishita Sharma on June 16, 2020
COVID 19 and the associated social distancing and quarantine restrictions, has dictated new measures for business standards, forcing companies into a major overhaul in the way they work. Remote Working is just one key part of this change, this impacts workplaces and the global workforce significantly. This cause-effect relationship is now at the forefront, fundamentally […]
Cloud Transformation
Cloud adoption in the Post COVID era: A necessity, not an option.
By Parag Samarth on May 5, 2020
Firstly, a sincere wish for safety and wellbeing of all, my deepest sympathies for those who fought valiantly and prayers for those who continue to fight. As our communities fight for lives and livelihood, we as business leaders shoulder the responsibility to help our organizations and the world arise strong and resurgent. Magic FinServ is […]
FinTech
Why do FinTech’s struggle to delineate their Buy, Build, Partner strategy?
By Naina Sethi on March 20, 2020
Every now and then, FinTech service providers approach Product Managers seemingly insulted by the question “have you considered amplifying your DevOps team or optimizing your Cloud Strategy with outside help to scale faster and cheaper?”. Convincing these naysayers can sometimes make you feel like you are assuming a “bad cop” parental role – i.e. becoming […]
Artificial Intelligence
Using AI for Contract Lifecycle Management
By Sharmistha Ghosh on February 27, 2020
Contracting as an activity has been around, ever since the start of the service economy. But despite it being a well-used practice, very few companies have mastered the art of managing contracts efficiently or effectively. According to a KPMG report, inefficient contracting leads to a loss of 5% to 40% of the value of a […]
FinTech
How FinTech Startups Can Outgrow the Financial Giants
By Ishita Sharma on November 15, 2019
According to ‘The Pulse of FinTech 2018’ report by KPMG, fintech startups bagged over $111 billion in investments across 2,196 deals. The technological evolution of fintech startups has outmatched that of traditional financial services by many leagues. Not only has this served to disrupt the space by directly pitting startups against tech giants, but has […]
FinTech
New Bottle, Old Wine? – Separating The True Fintech Solutions from the Rest
By Anuraj Soni on September 5, 2019
A New World of Banking The rise of fintech in the last half decade or so has taken the financial world by storm. Research suggests that there are now more than 7,500 fintech firms around the world which have raised nearly USD 109 billion in investment. The sector raked in a record breaking USD 54 […]
Blockchain
STO Processing Lifecycle (Part 1) -An overview of STO Lifecycle in Primary and Secondary markets
By Abhishek Jain on June 18, 2019
Security Token Offering seems to be the next hype to utilize BlockChain concepts and transform the current security instruments (Equity, Debt, Derivatives, etc) into digitized security. STOs have gained popularity and momentum in recent times due to lack of regulations in the ICO world with a lot of outliers for most of the ICOs in […]
Blockchain
Why does it matter for a technology company like us to embrace global tech standards?
By Abhishek Jain on June 4, 2019
When ERC-20 Standards came into existence, it eased down the ICO token interoperability across wallets & crypto exchanges for all ERC-20 compliant tokens. Having standards for any process not only helps to have bigger acceptance but also improves interoperability to build up an ecosystem. Being a technology obsessed firm, we’ve always encouraged standards to be […]
Blockchain
Battling Blockchain Vulnerabilities through Quality Audits
By Anuraj Soni on May 3, 2019
The original promise of blockchain technology was security. However, they might not be as invulnerable as initially thought. Smart contracts, the protocols which govern blockchain transactions, have yielded under targeted attacks in the past. The intricacies of these protocols let programmers implement anything that the core system allows, which includes inserting loops in the code. […]
Artificial Intelligence
The Underlying Process of Predictive Analysis
By Brijesh Arora on September 14, 2018
Predictive Analysis – What it is? Whenever you hear the term “Predictive Analysis”, a question pop-ups in mind “Can we predict the future?”. The answer is “no” and the future is still a beautiful mystery as it should be. However, the predictive analysis does forecast the possibility of a happening in the future with an […]
Cloud Transformation
Choose Your Cloud Partner Wisely
By Sarbani Maiti on August 21, 2018
Gartner Says By 2020, a Corporate “No-Cloud” Policy Will Be as Rare as a “No-Internet” Policy Is Today. With the increasing number of cloud adoption rate, it has become instrumental for organizations to build a robust Cloud migrations strategy. As per the Commvault report. the cloud Fear of Missing Out (FOMO) is driving the business leaders to move […]
FinTech
5 ways in which Machine Learning can impact FinTech
By Akhil Mittal on August 7, 2018
Machine learning is one amongst those technologies that is invariably around us and that we might not even comprehend it. For instance, machine learning is employed to resolve issues like deciding if an email that we got is a spam or a genuine one, how cars can drive on their own, and what product someone […]
Artificial Intelligence
RPA vs Cognitive RPA – Journey of Automation
By Sarbani Maiti on August 6, 2018
Evolution of RPA IT outsourcing took-off in the early ’90s with broadening globalization driven primarily by labor arbitrage. This was followed by the BPO outsourcing wave in early 2000. The initial wave of outsourcing delivered over 35% cost savings on an average but continued to stay inefficient due to low productivity & massive demand for […]
Enterprise Data Management
Has Digitalization Led To The Problem Of Unstructured Data
By Madhur Gulati on July 26, 2018
Before we actually get into details as to how digitalization has contributed to unstructured data, we really need to understand what is meant by the terms, Digitalization and Unstructured Data. Digitization: is the process of converting information into a digital format. In this format, information is organized into discrete units of data (called bits) that can be separately […]
Enterprise Data Management
Visual Analytics And Visual Representation Are Not The Same
By Brijesh Arora on July 11, 2018
People are often confused with the terms – Visual analytics and Visual Representations. They many times take both words for the same meaning – presenting a set of data into some kind of graphs which looks good to the naked eye. However deep down, ask an analyst and they will tell you that visual representation […]
Enterprise Data Management
Reference Data And Its Management
By Om P Kesari on September 25, 2017
Reference data is an important asset in financial firm. Due to recent crisis in global market, regularity changes and explosion of derivative and structured products, the need for valuable market & reference data has become central focus for financial institutions. For any financial transaction accurate information/data is the key element and faulty data is the major […]
Enterprise Data Management
Enterprise Data Management In Capital market
By Sarbani Maiti on September 25, 2017
Reference data is the data used to classify other data in any enterprise. Reference data is used within every enterprise application, across back-end systems through front-end applications. Reference data is commonly stored in the form of code tables or lookup tables, such as country codes, state codes, and gender codes. Reference data in the capital market is […]
Artificial Intelligence
Corporate Actions: Beyond The Golden Copy
By Brijesh Arora on September 25, 2017
Corporate actions industry is making great strides towards automation. However, despite all the technology advancements a significant portion of the process of managing corporate actions data requires manual processing mainly due to the increasing complexity of corporate actions thanks to cross border trading made easier and local market nuances. Another big reason why the Corporate […]
Artificial Intelligence
Trading System And Algorithmic Trading Strategies
By Sarbani Maiti on September 13, 2017
What is a Trading System? A “trading system” creates a set of trading strategies which are applied to the given input data to generate entry and exit signals (buy/sell) in a trading platform.The traders/professionals who create the trading strategies to maximize the profit are called “Quants”. They use exhaustive quantitative research & analysis to build such […]
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