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
Webinars
Provided by Insightsoftware
Further Reading
Back in 2013, the Securities & Exchange Commission (SEC) accused hedge fund manager George Jarkesy of defrauding two investors. Unlike ...
The Securities and Exchange Commission (SEC) can no longer deny a party charged with securities fraud to a jury trial in a federal court. ...
Believe it or not, more than 80% of workers like their employers’ Paid Time Off (PTO) packages. But that doesn’t stop a surpris...
The Federal Trade Commission (FTC) managed to stall some major corporate mergers on anti-trust grounds. Don’t be shocked if the trend...
The collapse of Silicon Valley Bank (SVB) earlier this year could bring major changes to capital requirements for large banks. Federal Rese...
Ask most finance leaders what their team does and you’ll hear the same answer: close the books, produce reports, keep the records cle...
