What powers the Banking, Financial Services, and Insurance (BFSI) industry are technological innovations. They have been reshaping how financial institutions operate and evolve in the future. APIs strengthening the connection between banks, financial institutions, and their customers, cloud technologies shifting financial models from Capex to more flexible Op-ex, or Robotic Process Automation (RPA) automating manual business processes, technology trends in financial services are here to stay. Banks in the United States are already integrating cloud-based services to offer end-to-end cashflow services to their customers. Besides, several industry-leading players are lowering settlement costs through real-time distributed ledgers, whereas others use blockchain to ensure their document transfer security.
This infographic sheds light on key emerging trends in banking and finance that will boost the industry technologically to derive more from the market in 2022 and beyond.
Technology Trends in Financial Services
Agility and Innovation is the New Status Quo
When done right, agility and innovation prove to be a game-changer for every industry, let alone BFSI. Trends in financial services, including API, cloud, video banking, and RPA, will predominantly rule the industry in 2022 and beyond. It will be interesting to see how digital banking fares and opens new channels of revenue and growth for the BFSI sector. Implement these latest technologies and elevate digital customer experiences with our Banking and Financial Services expertise and experience by your side.