The South African banking sector has been disrupted by technologies for a number of years now. And this disruption is not only happening in locally, it’s happening across the globe. As such, we’ve seen traditional banks being pitted against their newer, more tech savvy and more agile counterparts. And we’ve also witnessed these more well-established banking brands developing their own digital capabilities in an attempt to stay relevant.
Below, are the top three articles we wrote about the latest banking trends in 2019.
#1 What you need to know about open banking
What do you know about open banking? In 2019, we took a closer look at the trend that makes use of common interfaces to facilitate more competition and create new business opportunities. Offering services from the bottom all the way to the top, the open banking movement gives customers greater control.
#2 The future of finance: Introducing banking as a service
Another banking trend we unpacked in 2019 was banking as a service. In this post, we outlined what the trend means for consumers and banks. We also explored how banking as a service is changing the industry as we know it.
#3 INFOGRAPHIC: Cutting technology costs in FY20 with TEM
When times are tough, all businesses look for creative ways to cut costs. Technology may be a great tool to boost your competitive advantages but you need to make sure that your technology-related costs get out of hand. This year, we created a helpful infographic detailing how businesses can reduce, and better manage, their technology costs using the right technology expense management (TEM) solution.
This year, we’ve really enjoyed keeping you updated on all things banking and we’ll keep unpacking the latest trends affecting the industry in 2020. If you want to read more blogs like these, you can have them delivered straight to your inbox. Simply subscribe to our monthly newsletter by completing the form below.