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January 4, 2022

Bank tech trends to watch in 2022

Publisher: American Banker

Bank technology initiatives this year will be driven by the need to make finance ultraconvenient for consumers and businesses.

One manifestation of this is embedded banking, a version of the open banking movement started in Europe, where banks offer their services through all manner of companies that aren’t banks. Another is the effort banks are making at personalization, trying to deliver just-in-time advice to consumers to help them avert financial problems and take advantage of opportunities. And letting customers authorize themselves with a selfie and facial recognition is the ultimate way to provide security for couch potatoes.

American Banker mentions a Virtusa project while highlighting seven technology trends for banks and fintechs in 2022.

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