3 Major Areas Of Banking Poised For AI-Driven Disruption In 2019 Global Banking & Finance Review

The banking sector has witnessed multiple paradigm shifts, traditionally occurring in parallel with emergent technology trends. Technologies that were previously at the forefront of banking transformations are now standard issue by modern banks, with the most notable examples taken for granted by millions of customers on a daily basis. The advent of credit cards and magnetic strip technology arrived during the 1960's and reached mass adoption during the 1970's. At the same time, the first ATM was installed in 1967 in London, easing customers' access to their funds, and simplifying back office processes. However, the most major transformation to date was the introduction of online banking.