The banking industry today is growing at an unprecedented rate; as customers are becoming increasingly well informed in their decisions and are opting to use technologies that banks offer in ways that help increase their level of satisfaction with the banking system. Customers are now able to use the multi-channel access that is offered by their banks. While the traditional method of face-to-face banking is still prevalent, an increasing number of customers are banking via a mobile device, tablet, and even social media. To enhance their customers' experience further and to remain at the front of the field, banks are beginning to look at other industry successes and are using big data and customer analytics to retain their customers.
As is the trend with other industries, customers are demanding more from their user experiences. To keep up with this trend, solution providers are leveraging big data to better understand and serve their customers. In ways to increase sales and consistency, solution providers are enabling banks to standardize the decision-making processes by integrating analytics with the daily workflows. Banks have to resort to omnichannel hubs for successful customer engagement across multiple channels seamlessly and consistently. Another advantage of using hubs is the centralization of business processes, which results in the easy rollout of new products and services. The hubs allow banks to centralize business processes, which allows for easy rollout of new products and services. Banks are also looking for opportunities to reduce their data centers and are looking to implement public cloud-based infrastructure as it will cut costs and provide agility and flexibility.
This edition of APAC CIO Outlook brings you the “Top 25 Banking Tech Solution Providers - 2018.” This list gives you some of the most prominent organizations in the industry. The proposed list envisions assisting companies to gain from the services of Banking Technology Solution Providers who suit their specific requirements and help them enhance their expertise.