Globally, banks face many opportunities and challenges. Growing regulatory compliances, increasing levels of business risk, disruption of traditional business models enabled by technology, and rising customer expectations pose formidable threats to entrenched banks.
Today, banking as an industry is witnessing major transformations in the form of blockchain technology, the Open Banking directive in the UK, the growing popularity of robo-advisors, the increasing adoption of voice assistants, backend processes powered by Artificial Intelligen, and biometric-enabled security.
Banks that are nimble and adaptive can capitalise on the significant opportunities that the transformation has to offer – a growing global market, new digital products and services, access to greater amounts of data and the ability to mine actionable insights from them.
Datamatics partners with banks in both international and domestic markets to offer a wide portfolio of products and services and help them stay competitive through Automation and Digitization.