Are banks turning into tech companies? There has been a lot of disruption by technology in the banking industry. A decade ago, the banking sector only considered biometrics to reach the mass market. But things have changed now, many new players have completely turned the market upside down and hence banks are looking towards technology as their savior in the times to come.

People today are moving away from banks and it has become the bank’s responsibility to reach out to the masses. The only way they can do it now is by…

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Banking technology – 2016 snapshot   Money matters, and therefore does the banking industry too. It is flourishing, focusing on technological advancements. The trends in the banking industry change year after year with better innovations, increasing number of startups, mergers and acquisitions and customer expectations.

According to a study, 84% of banks globally have increased their investment in innovation in 2014, as compared to 13% in 2009. These figures clearly describe the importance that technology…

Technology
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