Banking

If we were to name a persisting issue that seems unsolvable in business sectors, it is the issue of securing the business data. Cyberattacks are becoming more prevalent, endangering the security and safe transaction of data. So companies are now forced to resort to the necessary means to ensure data security.

The housing market is recovering from the global financial crisis in 2008. Statistics corroborate this fact. Statista.com has estimated that in 2017 alone 3.69 million home purchase loans were approved in the U.S and numbers are rising. Owning a home is becoming a reality for dreamers.

Banking is the cornerstone for the economic growth of a nation. Investment banks and commercial banks alike have numerous documentation processes that it is difficult to keep up with them all. And many of the business-related notations and various banking documents are in the non-editable, digital and paper formats. What do we do if we have to extract the information which is embedded in these documents or images? How to extract and process this information for effective decision making?

Middle East countries, whose economy depends entirely on its natural oils, is shifting its center of economic attention to much diversified public service sectors. Saudi Arabia has already made its move by declaring “Saudi Vision 2030”, a plan to enlarge its economic fortress. It is a winning move since the plan includes logistics and supply chain as its primary focus. So it is certain that the logistics business is going to see an unprecedented boom in the middle east.