Writing Resources
The banking industry is facing continuous changes nowadays At a time when financial industry analysts are seriously debating if Amazon will get into banking the banking market is in a state of flux when it comes to technology The bank industry hasn't got stuck when it comes to new technologies but every day the evolution is quicker and heavier what evolves into a continuous out of date technologies Mobile banking is nothing new but it is now a table stakes experience especially for younger bank customers meaning it is a must have for all banks According to industry experts and analysts if a bank does not have a solid mobile app they are an also ran Chris George senior vice president of client strategy at NYMBUS a core banking modernization company states that The big decision makers are really leaning on the idea of Mobile technology is taking over and there is a digital first movement that is taking hold in the marketplace There are five key banking technology trends that the industry will start facing in 2018 1 Banks Will Enhance Services with External APIs Banks have made use of application programming interfaces for years but APIs will increasingly be used to enable new services As The Financial Brand notes APIs provide the gateway for innovative contextual solutions that would be difficult to offer without open banking
