The biggest technology trends in financial services today are cloud computing, artificial intelligence (AI)/machine learning, automation/robotic process automation (RPA), and open banking/API ecosystem. These technologies enable financial institutions to increase efficiency, reduce operational costs, and provide more personalization in their offerings.
Another significant technology trend in financial services today is advanced data analytics, which allows for better risk management and customer understanding. Another significant technology trend in the financial services industry today is the adoption of robust cybersecurity and compliance technology. Financial institutions today are collaborating with technology companies that offer integrated solutions, bringing together various technology trends in a single offering. For example, Arcus Partners provides cloud computing and AI/ML solutions.