Banking is undergoing technology churn right now due to rising competition from fin-tech startups and increasing concern for cyber-security.
FSI(financial services industry) or in general,and banking in particular,are undergoing a technological churn right now.the reason was two-fold: changing customer expectation and improved technology capability.the rising competition from Fin-tech start-ups that use technology to crate unique customer experience around banking.
NEED OF INNOVATING IN BANKING SECTOR
Banks and other traditional financial service provider have had to respond with an array of digitization and innovation initiatives.that initiatives employ cutting-edge technology to ensure a customer center perspective rather than the tradition focus on products,real times intelligent data integration rather than slow analysis being performed after the fact and open platforms foundation.
In this article below use technology in banking.
1.Block chain
2.Augmented reality
3.Robotic process automation
4.Quantum computing
5.Artificial intelligence
6.API Platforms
7.Prescriptive security
8.Hybrid cloud.
9.Instant payment
10.Smart machines
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