Global banking is set to enter a new era of divergent growth over the next five years. According to a McKinsey study, the last decade (2011-2020) was one of convergent resilience that saw banks focus on activities involving rebuilding regulatory capital, repairing regulatory fences, and investing in digitization to increase productivity and efficiency.
The ongoing pandemic has led to a growing number of consumers managing their finances at home. As a result, financial institutions and startups are sharpening their technology and expanding remote services, with financial activity becoming increasingly digitized. Today, advanced technologies like RPA and automation are increasingly being integrated into financial services and processes.
Within financial services, there are a variety of stakeholders and moving parts including processors and issuers of credit cards, legacy banks, and challenger banks. Several executives worry that perceptions of what new technologies can do are at odds with the reality of their capabilities. Is your company prepared to embrace new technologies? In this infographic, we explore the growing digitization in banking and finance and the adoption of RPA and automation in financial services. Download this infographic now to gain a better look at:
- The major turning points in the financial services industry.
- The various digital touchpoints that the major players are exploring.
- The regulatory landscape and how it evolves to adapt to new changes.
- New financial automation services and how they work.Â
Keep track of the latest emerging trends in the financial services industry, with our banking industry insights and market intelligence solutions. For a more detailed look at the fintech market, or to explore the growth potential of your enterprise, get in touch with us today.
