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10 Big Financial Technology Trends for 2018

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Here are the six biggest trends identified by Synechron in their annual forecast. Subscribe to The Financial Brand via email for FREE!2018 promises to be the year we see the culmination of some key technologies -- from blockchain and intelligent AI, to design thinking and the cloud. Here are the 10 biggest trends identified by reports from Synechron and Capgemini. Experiences with non-banking industries such as retail and communications have shaped consumers' expectations from banks and credit unions. As customers become more digital, more demanding and more tech-savvy, legacy bank infrastructure is strained to support new modes of engagement and grow digital efforts significantly.


Synechron - Synechron identifies biggest financial services technology trends for 2018

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Synechron, a global financial services consulting and technology services provider, has today revealed the top trends it expects to see in financial services technology in 2018. These priorities touch on six key themes - Innovation, User Experience (UX) Design, Risk, Regulatory Technology (RegTech), Data, and the Cloud - that cut horizontally across the business and therefore are driving enterprise financial services decision-making. Based on Synechron's work with the world's largest global tier one investment banks and insurance companies, the company has identified the following top priorities for 2018. Innovation - will focus on taking proven new technologies from pilot to production Blockchain and Artificial Intelligence (AI) will continue to dominate in 2018. Where last year was focused on blockchain-pilots, 2018 will be focused on production.


10 Technologies That Will Disrupt Financial Services In The Next 5 Years

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The scope and speed of evolution in regulation, customer behavior and technology – coupled with the emergence of new competitors – mean that the future of banking will not be a continuation of the past. New technologies will transform banking as we know it, providing both opportunities and challenges for financial institutions. A decade after the financial crisis, the near-collapse of the economic system is fading from memory. But, while the banking industry has largely recovered from a financial perspective, there are storm clouds on the horizon. While capitalization has improved significantly, revenue growth has become more challenging with the strategy of cutting costs having run its course.


10 Technologies That Will Disrupt Financial Services In The Next 5 Years

#artificialintelligence

A decade after the financial crisis, the near-collapse of the economic system is fading from memory. But, while the banking industry has largely recovered from a financial perspective, there are storm clouds on the horizon. While capitalization has improved significantly, revenue growth has become more challenging with the strategy of cutting costs having run its course. At the same time, banks and credit unions are playing catch up from a technology perspective at a time when consumer expectations are increasing exponentially. Making the banking business even more difficult, smaller fintech and large techfin companies are developing solutions that use insight and digital technology to improve the customer experience across product lines.