9 Banking Trends For 2014

TRENDS 2014 THE BANKING COLLECTION SIMPLIFYING THE BUSINESS OF BANKING Simplify. That's the mantra for banks in 2014. To do so, they will refresh their business models and embrace emerging technologies – from mobility and social to cloud and big data. Get ready for banking in many new flavors. 3 MOBILE DISRUPTION BANKING COUTURE SOCIAL BANKING АНEAD TAKES OFF GETS REAL Mobile-only banks and innovations in mobility will continue to disrupt the status quo in banking With wearable devices, banking may be as easy as "Glass, tell me my balance" Expect socially integrated banking products like spend comparisons and P2P payments BANK + APP STORE? THE FORECAST GETTING A GRIP APP-SOLUTELY SAYS CLOUD ON BIG DATA NAVI Banks will use big data to prevent fraud, monitor transactions, and create personalized offers Banks and vendors will Having built private clouds, open up their platforms for developers to create innovative apps banks will increase their presence in the improved public cloud 7. 8 COMPLIANCE GETS COSTLIER KEEP IT SIMPLE LEGACY GETS LEFT BEHIND %24 Banks will have to deal with Customers, regulators and bankers will seek simplification in banking Embracing progressive modernization will help banks replace their old systems one step at a time new super regulators and existing regulators with super powers READ MORE AT Infosys.com/BankingTrends #BankingTrends #LetsSimplifyBanking Infosys" | Building Tomorrow's Enterprise