Banking technology is becoming more agile day by day. Banks are collaborating with Fintech firms to make their digital aspect more strong and secure. In this infographic, we listed few trends to watch out in the coming year 2018.

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BANKING
TECHNOLOGY
TRENDS TO CHECK OUT
IN 2018
2017 has brought a revolutionary change in the way people perceive banking. Consumer front has
changed a lot with various mobile wallets launched in the market. Almost all the banks have an
UPI app now making financial transactions easy to manage.
Banks and FinTechs are collaborating to make the security and technological advancement of it
more agile.
Few points which we believe are going to happen soon and will be a game changer in the field of
fintech.
ADVANCED SECURITY WITH
AADHAAR LINKING
With more people going for digital transactions the
payment gateway are going to be more secured.
Banks are already working on firewalls and secured
gateways to protect the details of the customer and
to avoid any kind of harmful attacks on the server.
For this Aadhar linking is already under process and
there might be biometric gateway as well.
LINK
DECREASE IN MONEY LAUNDERING
Money laundering has already decreased because of demonetisation move. With the increased
rate of digital transactions, it is expected to go below with more transparency in payment details
and source of income.
INSTANT PAYMENTS
Fintech firms are already working on advanced
banking technology, where the transactions are
supposed to be more smoother and instant. Few
mobile wallets are already in action including
Paytm and BHIM App, which have made the life of
common people way more easy and transactions
smooth.
CROSS BORDER
PAYMENTS MADE EASY
Shopping across border or
sending money to the people
across states has become way
more easier. Your mobile has
become your wallet and it has
made the life of a traveller way
more easy. One need not have
to carry heavy cash along with
them when there are instant
payment options available.
PAY
BRINGING NEW PLAYERS IN
THE MARKET
This new wave of banking technology has brought
many new players in the market. Blockchain industry
is already on move to make more such apps to make
the financial transaction process lot more easier.