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April 2018

Banking Technology

Sectorwatch

The banking industry continues to focus more resources on digital transformation in the quest to update legacy systems and provide consumers with the ability to bank anywhere and at any time; online and mobile banking continues to grow exponentially.

Regulation and compliance are also a focus with more emphasis on artificial intelligence and machine learning to prevent fraud before it occurs rather than after the fact. In February, S&P Global closed its $1 billion acquisition of Kensho Technologies, Inc. which provides analytics, artificial intelligence, machine learning, and data visualization systems to global banks and investment institutions. Traditional banks continue to invest in new technologies to enable them to reduce costs, reduce fraud and provide a better customer experience.

Industry Trends:

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