Mobile technology is disrupting the global banking and payment industry as more and more consumers are completing transactions via mobile devices.
Open banking is one of the recent innovations in financial technology that banks are adopting today.
Artificial Intelligence (AI) has brought something new to the table. AI has the proper facts and figures which assists in decision making and helps in arriving at the right decisions.
Five banks that are already using machine learning are JPMorgan Chase, Wells Fargo, Bank of America, Citibank, and U.S. Bank.
The technologies utilized in the RegTech industry are cloud-based; most technologies need to be responsive and flexible to the changing IT landscape and regulations.
From standing in the long queues to just one tap and everything is done, technology has raised the bar of banking.
Cloud computing has created a revolution in the banking sector and some disruptions in its business operations too.
Biometric software can identify a user by their physiological characteristics—through fingerprints, facial and voice recognition, and retinal or iris scanning.
Owners of e-commerce sites also focus on optimizing content and designing the pages accordingly, as well as customizing the settings of their software, while they should concentrate on the checkout pages including the shopping cart.
Fintech has revolutionized the finance sector and has contributed to making banking and financial services more cost-effective, efficient and secure.
