Top Banking Trends
This report on the Top Banking Trends based on feedback from 100 banking professionals paints an interesting picture of challenges and opportunities for many of our clients.
There seem to be 3 strong themes that jumped out of this report – Mobile / Regulation / Fintech
Mobile – a whopping 73% of channel resources will be dedicated to the mobile channel this year – huge growth over previous years and a strong statement that consumer demand for services through this channel are accelerating
Regulations – is now one of the 5 top challenges facing banks and FI’s today. The wave of compliance and regulation is unlikely to subside based on Canadian and Global trends.
FinTech – considered by many bankers as their biggest threat and also a tremendous opportunity. More and more traditional banks are partnering with FinTech startups to mitigate this threat and capture the growing opportunity of non-traditional payments.
As a service provider to the Canadian FI sector, we are highly sensitive to these trends and we focus our development efforts on solutions that help our clients manage these emerging opportunities and threats.