Against the backdrop of an increasingly digital world, banks are facing growing competition, in many cases from non-traditional players, which puts greater emphasis on the need to innovate whilst simultaneously transforming their businesses- all the while keeping an eye on the bottom line. The effect of these imperatives on banks’ IT systems, infrastructure as well as go-to-market strategy is further complicated by regulatory compliance – particularly around opening-up market access to enable greater competition, eg. KYC, AML, PSD2.
This research paper produced by Finextra, in association with Virtusa, examines and analyses how banks are responding to these significant changes in their market by identifying the top 10 banking technology trends for 2019.
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