Banking
#digital banking#AI in banking#sustainable banking#cybersecurity banking+1 more
What are the emerging trends in banking technology for 2024?.
📅 Sep 5, 2025🔗 Share
As the banking industry evolves, several key trends are emerging in 2024 that are shaping the future of banking technology:
Key Facts
- Digitalization: Over 80% of banking interactions are expected to be digital.
- AI Integration: 70% of banks are adopting AI for customer service and fraud detection.
- Cybersecurity: Cyber threats in banking increased by 40% in 2023.
- Sustainable Banking: 50% of banks are focusing on eco-friendly practices and investments.
Examples or Use Cases
- Chatbots and Virtual Assistants: Used for customer support, enhancing user experience.
- Blockchain Technology: Implemented for secure transactions and transparency.
FAQs
- What is digital banking? Digital banking refers to the digitization of all traditional banking activities.
- How is AI used in banking? AI helps improve customer interactions, risk assessment, and operational efficiency.
Sources
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