When looking to improve your software development team, partnering with the right brand can make all the difference in achieving your goals efficiently and effectively. NTConsult, with its impressive 20 years of experience in the industry, stands out as a top...
Technology Trends in The Insurance Industry: Reducing Costs and Increasing Efficiency
The insurance industry has been driven by innovation, and now, more than ever, technology plays a key role in driving the industry forward. According to a study by McKinsey & Company, more than 90% of insurers agree that technology will fundamentally...
How Open Banking is Reshaping the Banking Industry
Closed systems and proprietary technology have traditionally characterized the banking industry. However, in recent years, there has been a shift towards open banking, which allows third-party providers to access bank data and services through open APIs. This is...
Software Development for Financial Services Companies: Understanding the Main Challenges and Trends
The finance industry is undergoing a major digital transformation driven by the need for increased efficiency, agility, and competitiveness. As a sign of this evolution, the number of U.S. neobank customers rose to 20 million at the end of 2021 and is...
Nearshoring benefits – The other side
When discussing nearshoring and its benefits, we always look at it from the point of view of the company hiring specialists or squads, but what about those who will fulfill these positions? What are the benefits of nearshoring for them? Nearshoring benefits from an...
Shortage of software professionals? How to overcome the difficulty in finding IT professionals
The headache of every tech recruiter is finding software professionals promptly. This shortage is a bleak reality. According to the US Labor Department, by 2026 the technology sector will have 1.2 million open jobs. The problem is not only...
Industrial digital transformation drives productivity and profitability
Companies that invested in information technology are the ones who best dealt with the crisis caused by the Covid-19 pandemic. Now, the market is recovering, and many organizations realized that digital transformation is no longer a competitive differentiator – it is...
Should I Buy or Build? Advantages of custom software development services
An "off-the-shelf software" is any digital solution produced on a large scale, developed for the mass market, with pre-defined modules and features. However, you must have read that this option is usually not the best, depending on your needs. So, the question...
Transparency in public administration: business case in the government of Colombia
There is no doubt about it, health, safety, and education are important areas where government authorities should invest efforts to provide a better life for citizens. This is where transparency is crucial. One possibility to provide this...
What is next for banks and financial services organizations after their initial digital transformation
A study carried out by Google and Boston Consulting Group revealed that banks are achieving 20% revenue increases and up to 30% cost savings after their first phase of digital transformation. Continue reading to understand how. Investments in information technology in...