The Future of Banking: Adopting Innovative Technology

The Future of Banking: Adopting Innovative Technology

Jürg Truniger

Product Marketing Lead at Appway

Views 887

The Future of Banking: Adopting Innovative Technology

20.06.2017 07:30 am

In today’s world, nearly all financial institutions are in some stage of digital transformation. Technology, which has always been a part of every industry, also plays a big part in the banking industry’s ongoing digital transformation.

When we look back on the past decade of technological development, it’s clear that some breakthroughs are more impactful than others, both in terms of developing technology and their success in the banking industry.

One example of this is the mobile revolution.

It hasn’t only changed how we interact with banks; it’s also forced financial institutions to rethink and reshape how they offer their products and services to clients. Still, even though it’s been 10 years since the first iPhone release—a pioneering force in the mobile revolution—mobile banking still has much to accomplish before reaching its full potential.

People in the finance industry, like us at Appway, love to imagine what technologies will revolutionize banking in the future. For instance, will the financial services industry be disrupted by new technologies? And if yes, what technologies will be the key disrupters? How will technologies like artificial intelligence, machine and deep learning, blockchains, chatbots, virtual reality, and the Internet of Things impact banking experiences and financial services institutions’ business models?

As new technologies constantly develop, flexible banks that seamlessly adapt to changes will be in the best position to offer their clientele high-quality customer experience. We’ve invited principal analyst Alyson Clarke from the leading IT research firm, Forrester Research, to share her observations and analysis in our upcoming webinar, The Future of Banking: Adopting Innovative Technology. She’ll explore how customers will be banking in the future and what this means for how banks do business. Innovative technologies are changing the banking business; banks must prepare for the next evolution of digital banking and meet customers’ shifting expectations. Zoe Niu, Appway’s Business Practice Manager, and I will also be sharing what drivers are guiding Appway’s vision and roadmap, as well as what new technologies are transforming our specific use cases.

Join Alyson Clarke and Appway on June 22 for our webinar, The Future of Banking: Adopting Innovative Technology.

This post originally appeared on

Latest blogs

n/a n/a

Tips on How to Successfully Trade CFDs

A CFD or contract for difference is a financial product that allows a trader to speculate on asset classed without owning a portion of the underlying asset. A CFD trade is not an investment but high-risk speculation that carries the risk of losing Read more »

Patrick McKinney and Joe Fuchs Wolters Kluwer Finance, Risk & Regulatory Reporting

Building an Integrated Data Management System: A Guide for Digital Banks

Digital banks and other FinTechs are emerging as more nimble competitors to established legacy banks. The digital banks that are on their way to becoming fully chartered have the opportunity to setup fully automated processes and systems without Read more »

n/a n/a

How COVID-19 Is Ushering In a New Era of Cashless Technology

  Image source:   Cashless technology isn't a completely fresh concept. People have been using credit cards for decades, and the market for fintech services has been Read more »

Jean Shin tyntec

Using WhatsApp for 2FA is the Future of Banking

From user authentication and password resets to transaction verification, two-factor authentication (2FA) offers basic but useful protection for consumers. The 2FA process typically sends an SMS sent to the customer with a one-time password (OTP). Read more »

Amir Ghodrati App Annie

The Role of Fintech Apps in Navigating This Period of Financial Insecurity

Economic instability has been ricocheting throughout the stock market in the wake of the global coronavirus pandemic. Its effects have been felt across all industries, with winners and losers’ across different sectors. So, how has fintech Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel