Banking, Financial Services, and Insurance (BFSI) industry basically comprise of the range of financial products/services and the related companies. The BFSI industry worldwide has witnessed numerous pivotal changes over the last decade, which has lead to several transformations in the industry. The impact of modern technology has resulted into several noticeable developments in the industry which primarily includes digitalization of payment methods, adoption of cloud services, utilization of big data to devise various strategic decision and so on. These technological advancements have created significant opportunities before the BFSI companies, however, at the same time, numerous concerns related to cybersecurity has presented many challenges before the companies. Our BFSI domain reports offer a regular update on the evolving trends in the industry along with the systematic strategic solution towards the ongoing industry challenges.