Analysis of Key Trends in Banking Technology: A Sector Snapshot

Banking is a flourishing industry, focused on technological innovations. The trends have been changing year over year with new innovations, increasing number of startups, merger and acquisitions and customer expectations. Internet banking has emerged as the biggest focus area in the digital transformation agenda of banks. The main motive behind deploying these new innovations is to increase revenue, enhance customer experience, optimize cost structure and manage enterprise risk. With the advent of mobile computing, social media and cloud computing, risk environment is changing and banks can no longer ignore privacy of customers.

LTP has come with a 3-page sector snapshot on Banking Technology Services ...

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