1. Market Research
  2. > Wireless Technology Market Trends

Future of Smart Banking (Technical Insights)

  • April 2015
  • 41 pages
  • Frost & Sullivan
Report ID: 2909298


Table of Contents

Technology Convergence Leading to an Age of Branchless Banking

Traditional branch-based banking practices are undergoing transformation into smart banking. Banks are now focusing on integration of futuristic technologies and applications to explore new opportunities for higher customer engagement and improving customer experience. This report focuses on technology and application innovations that are enabling the transformation to smart banking. The report also highlights their convergence prospects and envisions future innovation opportunities.

Key Findings

1 Cybersecurity has evolved as a key factor for the banking and finance sector. Considering the growing dependence on computing devices and the Internet for carrying out banking processes, bolstering security with the most advanced technology solutions is the inevitable trend. With more endpoint devices interacting directly with the banking portals for digital transactions, focus on securing the various layers of security is in practice.

2 Digital payments are changing the way customers handle transactions. Innovations enabling cashless transactions are experiencing rapid popularity. Smartphone-based digital payment applications are becoming the most preferred option due to sheer convenience and hence are being widely adopted. Banks are also gradually adapting to this changing ecosystem of payments.

3 Adoption of advanced analytics solutions is being widely leveraged for various banking functions, from customer analysis to risk analysis. The banking industry is undergoing the transformation to the age of smart banking powered by actionable insights and intelligence delivered by the analytics solutions. These insights are being used as key

4 components for financial decision making.
Cloud computing is also playing a major role in enabling the transformation process. Banks are leveraging the flexibility and scalability of cloud services to operate in a real-time collaborative environment to deliver superior banking services to the customers. Cloud computing is facilitating the migration process from branch banking to anywhere banking.

5 Mobile banking is emerging as the new definition of futuristic banking. The convenience and flexibility delivered by mobile banking is gaining rapid popularity. Banks are equally promoting the use of dedicated mobile banking solutions to minimize customer banking complexities. The advancements in wireless communication, machine-to-machine (M2M) communications, highly functional mobile devices and so on are paving the way for future innovations that will further facilitate the transformation to smart banking.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:


The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Cellular Machine-to-Machine (M2M) Forecast: 2017-22

  • $ 13000
  • Industry report
  • June 2017
  • by Ovum

Introduction Ovum’s Cellular Machine-to-Machine (M2M) Forecast: 2017-22 is an Excel spreadsheet product that provides quantitative information on cellular M2M connections, service provider revenue by ...

Internet of Things (IoT) Forecasts 2017 - 2022

  • $ 9995
  • Industry report
  • May 2017
  • by Mind Commerce Publishing

Overview: With one of the most comprehensive portfolios of Internet of Things (IoT) research, Mind Commerce provides IoT forecasts in the following areas: · IoT Regional Forecasts · IoT ...

IoT Healthcare Market by Component, Application, End User, and Region - Global Forecast to 2022

  • $ 8008
  • Industry report
  • April 2017
  • by MarketsandMarkets

Digital transformation helps enterprises improve operational performance, efficiency, and business process. It involves the utilization of digital technologies, such as mobility, analytics, and social ...


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.