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Use Technology Vision for Banking as a guide to bolster traditional banking, before it’s too late

Accenture

Storm clouds are gathering over the banking industry in the form of a fragmenting value chain, rapid migration to digital channels, encroaching financial technology firms, and open banking regulations. As human interactions become rarer in banking, the importance of each one going well increases.

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Where APIs Fall Short On Corporate Finance Integration

PYMNTS

It is, in part, why businesses are digitizing and adopting technology, as they look toward software solutions that can unlock information more quickly. Yet, the technology has remained largely unchanged in the decades since it first launched, and even brief unreliability can cause a company to lose out.

Data 173
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With PSD2 Weeks Away, Banks Realize Not All Their Problems Can Be Solved Via API

PYMNTS

But in the last three to six months, there has definitely been a big shift among European banks’ attitudes toward open banking.” “Clearly, banks need to update and upgrade their technology,” Nelson said. “Not only are banks changing in Europe, but this is a global movement,” he noted.

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