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.

Olga Vinichuk

Insurance IT Consultant and Lead Business Analyst, ScienceSoft

Automating Risk Assessment in Health Insurance: Five Digital Strategies for Various Budgets

Insurance IT

Finance IT

Digital Transformation

Automating Risk Assessment in Health Insurance: Five Digital Strategies for Various Budgets

Discover five digital strategies (with costs) to automate risk assessment in health insurance and pick the one that best fits your transformation budget.

Mar 23, 2025

Stacy Dubovik

Financial Technology and Blockchain Researcher, ScienceSoft

AI Enables Nearly Autonomous Health Insurance Budgeting, But Human Checks Are Still a Must

Insurance IT

Finance IT

Digital Transformation

AI Enables Nearly Autonomous Health Insurance Budgeting, But Human Checks Are Still a Must

AI boosts financial planning accuracy and efficiency, but it shouldn't be an autonomous decision-maker, says Olga Vinichuk at ScienceSoft.

Feb 19, 2025

Stacy Dubovik

Financial Technology and Blockchain Researcher, ScienceSoft

Still Budgeting Health Insurance in Spreadsheets? Here's a More Effective Tech Stack

Insurance IT

Finance IT

Digital Transformation

Still Budgeting Health Insurance in Spreadsheets? Here's a More Effective Tech Stack

Explore specialized budgeting solutions that help health insurers create and adjust budgets 65–80% quicker and boost the FP&A team's productivity by 40–80%.

Feb 19, 2025

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