{"id":16928,"date":"2022-12-28T12:10:16","date_gmt":"2022-12-28T12:10:16","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=16928"},"modified":"2022-12-28T12:10:16","modified_gmt":"2022-12-28T12:10:16","slug":"technology-trends-influencing-the-banking-industry","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/technology-trends-influencing-the-banking-industry\/","title":{"rendered":"Technology Trends Influencing the Banking Industry"},"content":{"rendered":"<p>As we prepare for a new year, let\u2019s look at the biggest technology trends currently influencing the banking industry:<\/p>\n<ul>\n<li><strong>Artificial intelligence (AI) is playing a big part in personalized banking.<\/strong> AI is making banking more personalized. In fact, it is estimated that AI has the potential to generate an additional USD 1 trillion in value every year for the banking sector. Look for AI-based banking solutions to continue to develop.<\/li>\n<li><strong>Blockchain technology is having an impact.<\/strong> Blockchain technology has transformed a slow banking ecosystem filled with fraudulent financial transactions, extortion and tax shelters into the opposite.<\/li>\n<li><strong>Cloud computing is fueling technological progress.<\/strong> Cloud computing has allowed banks to keep in direct communications with their clients no matter the location or time of day. This has allowed banks to give more focus to user experiences and better serving their clients.<\/li>\n<\/ul>\n<p>In addition to the 3 major points outlined above, technology is also helping the banking industry limit financial risks, increase their overall productivity and lower their operational costs. All of this helps them better reach and serve clients.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-16928 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Using artificial intelligence to combat criminality in the financial system'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/__trashed\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/01\/anti-money-laundering-2-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8041\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8041'>\n\t\t\t\tUsing artificial intelligence to combat criminality in the financial system\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Video: the state of artificial intelligence in banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-the-state-of-artificial-intelligence-in-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/11\/5f4f9b0f-fdfc-4eee-917f-352a2cccef811-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15501\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15501'>\n\t\t\t\tVideo: the state of artificial intelligence in banking\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Bank of England to open new blockchain-based payment system'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bank-of-england-to-open-new-blockchain-based-payment-system\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/08\/blockchain-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10542\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10542'>\n\t\t\t\tBank of England to open new blockchain-based payment system\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>As we prepare for a new year, let\u2019s look at the biggest technology trends currently influencing the banking industry: Artificial intelligence (AI) is playing a big part in personalized banking. AI is making banking more personalized. In fact, it is estimated that AI has the potential to generate an additional USD 1 trillion in value &hellip;<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16928"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=16928"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16928\/revisions"}],"predecessor-version":[{"id":16929,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16928\/revisions\/16929"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=16928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=16928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=16928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}