The 5 Hottest Technologies In Banking For 2020

In the movie All The President's Men, Woodward and Bernstein meet their informant in a parking garage and are told: "Follow the money." If you want to know which technologies are hot in banking, you should do the same. The truly "hot" technologies in banking are the ones that financial institutions invest in--which are not always the ones the pundits talk about. At the end of the past six years, Cornerstone Advisors has surveyed financial institutions to find out where their technology dollars will go in the coming year. In the new What's Going On in Banking 2020 study, the top five technologies for 2020 are: 1) Digital account opening; 2) P2P payments; 3) Video collaboration/ marketing; 4) Cloud computing; and 5) Application programming interfaces (APIs). Digital accounting opening (DAO) is the most popular technology for the third year in a row, with a third of banks and credit unions expecting to add new or replacement systems in 2020.