In an increasingly digital world, banks are facing growing competition with greater emphasis on the need to innovate whilst, transforming their businesses and meeting the demands of the regulator.

Here are the top 5 technology trends in banking. 

i.   Application Programming Interfaces (APIs)
ii.  Artificial Intelligence (AI)
iii. Cloud
iv. Blockchain
v.  Product-specific Mobile Channels
After a decade of bank IT spending being dominated by regulatory compliance, budgets are now being freed-up to spend on innovation, improving business efficiency and new products and services.  

Investing in innovation, enhancing customer’s digital experience and addressing the perennial issue of cost reduction are the high priority areas.