What tech innovations will your bank introduce this year?
Banks and credit unions are starting to switch away from survival mode and focus on promising tech initiatives. So how will it benefit your business?
Depending on your bank’s plans, your firm could be on the receiving end of cutting-edge security, easier payment options, etc.
So what types of bank tech innovations should we expect to see this year?
According to Bradway Research’s Bill Bradway, the following “best bet” tech solutions are most likely to catch on among lending institutions this year:
• Online fraud detection and mitigation
• Online personal financial management
• Mobile payments
• Integrated multi-function branch application suite
• Integrated online banking/billpay/mobile
• Multi-channel fraud prevention, and
• Integrated enterprise risk architecture with risk solution tools.
If any of these tech solutions jump out as something your organization could benefit from, it may be a good idea to touch base with your bank. Ask if implementing the technology is on its to do list in the near future.
- Share on
Free Training & Resources
White Papers
Provided by Anaplan
White Papers
Provided by Personify Health
Further Reading
AI and machine learning technology is giving companies an edge like they’ve never enjoyed before. Businesses can pinpoint exactly whi...
Inflation isn’t dropping as low as Jerome Powell and the governors of the Federal Reserve thought it would when they began ratcheting...
How did a diversity, equity and inclusion (DEI) program manager defraud Facebook and Nike of more than $5 million? With the help of crooked...
You can’t be too careful out there! Fraud is a risk in every area of finance — even the auditor hired to analyze data and file ...
That familiar voice on the phone? Could be a deepfake. The face you’ve seen a thousand times in meetings? Don’t assume it’...
Threat actors, hackers, cyber thieves — they go by many names, but they’ve all got one characteristic in common. They aim at th...
