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Why Fintech Is Poised to Change Banking Technology

October 15, 2018 / bigdataanalyticsnews

The rapid advancement of technology is changing the world in new, exciting and unimaginable ways. We’ve gone from brick-and-mortar establishments to online shopping, and from people-driven production lines to fully automated factories. Now it seems one of the next changes will revolve around financial technology – fintech – and next-gen banking technology. Migrating to Online Banking. Banking technology has been tiptoeing the line between traditional forms of service and next-gen technology for years. Ever since the inception of the automated teller machine, or ATM, in the 1960s, most banks have been willing to offer greater convenience to their customers. According to a recent ABA survey, two-thirds of Americans now use some form of digital banking service.