NEW TRENDS IN THE BANKING - FINANCIAL SECTOR
NEW TRENDS IN THE BANKING - FINANCIAL SECTOR

Summary/Abstract: The banking and financial services industry is shifting its focus to innovation to prepare for an increasingly technology-driven future. Key trends driving these innovations include ongoing digital transformation, collaboration with FinTech, and the growing role of artificial intelligence and robotics. Until recently, much of the focus on banking and financial services has been on improving Return on Equity (RoE) as many financial institutions deal with economic uncertainties, restrictive regulatory environments, intense competition, technological distortions, and changing inheritance processes meeting changing customer requirements. Financial service is a broad term used to describe the various offerings in the banking and financial sector - it covers everything from insurance and money management to payments and digital banking technology. In today's digital age, technology is producing a change in almost every industry, including the banking and financial segments. Smart use of the latest tools and technology becomes an integral part of business success. As the financial activity becomes increasingly digital, especially as consumers choose to manage their finances from home, banks and financial institutions are sharpening their technology and expanding remote services.

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