As banks are evolving their offerings and services to meet the demands of a changing financial landscape, they are providing more digital services, including mobile banking apps, online trading, asset management apps, and other investment resources. The industry continues to boost its tech spending by 10%, turning more banks into cloud-first companies. They will also focus more on AI to help with fraud detection and prevention and low-code, no-code solutions for swifter product development.
Source: Biztech Magazine
