Banking is facing an era of technological transformation that is being pushed by new challenges in regulatory matters and the various security problems to which electronic operations are subjected, something very normal today. For this reason we have collected a report from Vector ITC Group on the banking technology trends for 2017.
- Automatic remote onboarding: This is the first of the banking technology trends for this year, it is expected that the solutions that allow the bank’s clients to register and contract products from their mobile device in an easy, intuitive and unattended way will increase. the technological trends of banking for 2017 that will have a rapid deployment due to the implementation of new processes for capturing and verifying the validity of the document, capturing biometric patterns, be it fingerprint, face or voice.
- Multibiometry: Another of the technological trends in banking that will be widely implemented this year, will provide customers with access through remote channels. Correct identification of clients with mechanisms that include biometric information, as well as their verification using biometric patterns, will allow banks to offer their clients new services through these access channels.
- Cybersecurity: If in 2016 this was one of the largest banking technology trends, in 2017 it will be no different. Companies are increasingly exposed to cyber attacks that can directly affect the banking business. Security has gone from being a technical issue to having a greater dimension associated with business areas.
- APIs: “Apification” of applications: This will also be one of the banking technology trends for 2017. Regulations such as PSD2 that oblige banks to open their services to third parties imply a modernization of the architecture of the banking core. The open API model will allow Fintech companies to generate business models associated with banking.
- Robotic Process Automation (RPA): It is a software that emulates the execution of repetitive processes that a human performs on existing applications. Based on predefined rules, these tasks are performed with 100% operational precision, reducing execution time and associated cost, that is, process automation and one of the banking technology trends that is growing.
- Know Your Customer (KYC): This is one of the fastest growing banking technology trends, Fintech, executes controls and supervision processes in an entity to get to know its new and old clients, with the intention of avoiding commercial relationships with people involved in criminal offenses. money laundering or terrorism.
- Public cloud services: Historically, banks have always wanted to maintain control of their infrastructures in such a way that all services were implemented “Onpremise”. This implied an extra cost both due to the high number of dedicated data centers and the technology personnel required for their maintenance, but this is about to change with the new technological trends in banking migrating to Cloud services.
