Finance IT Blog

Welcome to our Finance insights space, designed for leaders driving technology strategy in the banking, financial services, and insurance (BFSI) industry.

Drawing on decades of experience in financial IT, we explore how data, automation, and analytics solutions enable smarter, more efficient financial service operations while covering critical aspects like security and compliance. Our focus stays firmly on technology as a business enabler, with complex IT topics turned into clear, decision-oriented perspectives.

Check back regularly for ideas that help BFSI and fintech firms innovate without adding risk.

Stacy Dubovik

Financial Technology and Blockchain Researcher, ScienceSoft

Fully Digital Insurance Is Already Here. See How It Boosts Sales, Underwriting, and Claims

Insurance IT

Finance IT

Digital Transformation

Fully Digital Insurance Is Already Here. See How It Boosts Sales, Underwriting, and Claims

Many talk digital transformation in insurance these days, but it’s hard to find case studies supported by concrete results. Here are three real stories.

Jan 24, 2025

Dimitry Senko

Lending IT Consultant and Senior Business Analyst, ScienceSoft

Four Digital Credit Underwriting Strategies to Expand Borrower Base Without Added Risks

Lending IT

Banking IT

Finance IT

Four Digital Credit Underwriting Strategies to Expand Borrower Base Without Added Risks

How to leverage new borrower data, AI-powered risk analytics, and process automation tools for fairer and more profitable credit underwriting strategies.

Dec 21, 2024

Olga Vinichuk

Insurance IT Consultant and Lead Business Analyst, ScienceSoft

Software Can Cut Costs for Health Insurers — But Watch Out for TCO Overruns

Insurance IT

Finance IT

Healthcare IT

Software Can Cut Costs for Health Insurers — But Watch Out for TCO Overruns

Health insurance automation can help reduce operational costs without cutting staff, but software TCO may become a new budget drain if not managed well.

Dec 7, 2024

Mary Zayats

Head of Technology and Competency Development, Financial IT Principal Consultant, ScienceSoft

Building a Mobile Payment App Gen Z Will Love

Finance IT

Banking IT

Mobile Apps

Building a Mobile Payment App Gen Z Will Love

ScienceSoft's Financial IT Consultant advises on winning mobile payment app development strategies and UX-friendly security mechanisms for Gen Z consumers.

Nov 25, 2024

Olga Vinichuk

Insurance IT Consultant and Lead Business Analyst, ScienceSoft

A Journey to Smart Underwriting in Health Insurance: How to Start with Confidence

Insurance IT

Finance IT

Healthcare IT

A Journey to Smart Underwriting in Health Insurance: How to Start with Confidence

Health insurers chase intelligent underwriting, but it‘s a high-hanging fruit. Here are win-win strategies and tools to start an AI journey with confidence.

Oct 18, 2024

Olga Vinichuk

Insurance IT Consultant and Lead Business Analyst, ScienceSoft

Boosting Customer Experience in Health Insurance: Can You Escape AI?

Insurance IT

Finance IT

Healthcare IT

Boosting Customer Experience in Health Insurance: Can You Escape AI?

For health insurance customer experience, AI is gradually turning from a luxury into a necessity, ScienceSoft’s lead insurance IT consultant says.

Sep 21, 2024

Zaryna Babko

Insurance IT Consultant and Lead Business Analyst, ScienceSoft

Seeking to Elevate Insurance Customer Digital Experience? Here’s Where You Should Start

Insurance IT

Finance IT

Seeking to Elevate Insurance Customer Digital Experience? Here’s Where You Should Start

30% of insurance clients report poor digital customer experience. Learn the surefire strategies to introduce top-notch CX with your digital platforms.

Jul 1, 2024

Sergey Golubenko

Principal Architect, Productivity Solutions Expert, ScienceSoft

SharePoint

Finance IT

Banking IT

Revitalizing a SharePoint-Based Bank Intranet

Recharge your SharePoint-based bank intranet to power business activities, encourage collaboration and boost social interaction.

Mar 11, 2024

Natallia Babrovich

Financial and Banking IT Consultant, Lead Business Analyst

CRM for Community Banks: a Game-Changer in the Digital Age

Banking IT

CRM

Finance IT

Lending IT

CRM for Community Banks: a Game-Changer in the Digital Age

Learn how banking CRM software can help community banks build a customer-focused service strategy, gain a competitive edge, and maximize their market share.

Mar 7, 2024