In the past several years, a combination of regulatory changes, pressures from fintech startups and big technology companies, new technologies (like advances in machine learning), and a shifting cyber risk landscape have brewed a perfect disruption storm in financial services.
While retail banking has evolved quickly—mobile and paperless banking are now mainstream—commercial banking has been slower to adjust. But the tide appears to be turning. In “Top-10 Technology Trends in Commercial Banking: 2018,” IT consulting firm Capgemini notes that a combination of increasing expectations from commercial customers and the proliferation of next-gen technology, along with new regulations, are motivating banks to overhaul their back-end processes and deploy data analytics and automation.
To read this article in full, please click here
(Insider Story)
Read More from This Article: At Wells Fargo, true transformation means making IT obsolete
Source: News