Traditional banking is updated with unique technological enhancements
Implications - To bring a traditionally burdensome activity like banking into the 21st century, financial institutions are turning to creative tech integration to add both intrigue and efficiency to the process. Adapting transactions and online banking with biometric and beacon technology, banks are using tech innovations to redefine static services into something more intelligent and self-governing. Such developments reflect a need for services that require little to no effort from the consumer.
Trend Themes
1. Biometric and Beacon Technology - Using biometric technology and beacons, banks are able to provide unique, efficient and low effort services to customers.
2. Artificial Intelligence Banking Assistants - Banks are developing virtual personal assistants with intelligent and conversational user experience powered by AI technology.
3. Secure and Convenient Transactions - A visual transaction signing system using patented technology strikes a balance between security and a positive user experience, minimizing the risk of phishing and increasing flexibility across multiple platforms.
Industry Implications
1. Banking - Banks are adapting to new technologies to enhance customer experience by using unique, efficient and low effort services.
2. Artificial Intelligence - AI-powered banking assistants aim to disrupt traditional banking through intelligent, conversational capabilities and ease of use.
3. Internet Security - Secure banking transactions require solutions like visual transaction signing that balance convenience and security to prevent phishing and social engineering threats.
4 Featured, 33 Examples:
84,207 Total Clicks
Date Range:
Jun 14 — Jun 15
Trending:
Average
Consumer Insight Topics:
