{"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='Airfox using blockchain technology to replace banks in emerging markets'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/airfox-using-blocking-technology-to-replace-banks-in-emerging-markets\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/51072-1-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8862\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8862'>\n\t\t\t\tAirfox using blockchain technology to replace banks in emerging markets\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Open banking is uberizing Ukraine\u2019s financial services'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/open-banking-is-uberizing-ukraine-s-financial-services\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/08\/open-banking-ua-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10535\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10535'>\n\t\t\t\tOpen banking is uberizing Ukraine\u2019s financial services\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Societe Generale to close 300 branches in move towards digital banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/societe-generale-to-close-300-branches-in-move-towards-digital-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/paris-1836415_960_720-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8875\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8875'>\n\t\t\t\tSociete Generale to close 300 branches in move towards digital banking\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}]}}