Winds of Change Blowing in Retail Banking Sector in 2019
As 2018 comes to a close it’s clear that digital-first banks are no longer just an alternative choice but are now becoming a real danger to legacy financial institutions.
Trends to be on the lookout for in 2019 include the meshing of the stability of established financial institutions with the digital-first approach of new entrants that are leading to some interesting hybrids who now deliver both superior customer experience and reliability. Another trend worth keeping an eye on is the rise of AI and its ability to make quick decisions based on previous patterns. This makes the tech adept at calculating risk and purchasing stock. We’re already seeing some hedge funds trust their investments to AI stockbrokers. Source.