Trends will matter in the banking industry in the months and years ahead. The challenge is to find out which ones are the most relevant to a given company. Is it big data and AI? Maybe the cloud? Or maybe open banking?
Now is a potential tipping point for banking: the importance of technology has never been as great in financial services as it is now. Strong competition from fintech firms and big tech giants augmented consumer expectations in the industry. Thus, banks and credit unions heavily invest in leveraging new technologies in order to build winning strategies.
We handpicked trends and technologies for bankers to consider this year and in the foreseeable future. These trends are discussed in no particular order of importance.
To gain a competitive advantage, banks must constantly scout, monitor, and scan their corporate environment to detect risks and opportunities. Innovation Management can be accelerated by running efficient Trend and Technology Management.
For more, check out how the Genossenschaftsverband Bayern e. V. (GVB) - one of the largest German banking unions successfully manages an innovation portfolio with more than 130 banks.
To dig deeper and understand our software solutions, contact us for a one-to-one demo presentation.
The ITONICS Innovation Software helps organizations to take their innovation management to the next level. If you want to learn more, visit our product overview or get a free trial of our software.
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