December 20196 As chatbots move to mainstream and digital-only banks make waves, regulatory requirements and customer expectations fuel innovation in the fintech industry. The need for speed, security, and convenience are much sought after but difficult to implement in the financial sector. Customers crave convenience but financial organizations struggle to meet their demands while safeguarding information. With Platform as a Service (PaaS) offerings expanding, financial institutions are looking to adapt to the evolving customer needs with customized infrastructure, which will allow them to embrace cloud platforms fully. In fintech, slow adoption rates of digital-only banks have plagued the industry. Instead, virtual institutions have steered the boat toward better profits by offering supplementary services like financial tools developed for new voice technologies. This poses a challenge for traditional financial institutions urging them to improve their offerings and deliver more value to consumers. Traditional establishments, on the other hand, are expanding their use of intelligent technologies, from testing robo advisors to using advanced algorithms in assessment of credit profiles. The amalgamation of artificial intelligence, machine learning, and robotic process automation is sure to provide multiple benefits to the financial industry. Even mobile banking has taken center stage in fintech, putting control into the customer's hands while breaking down barriers to access. Mobile banking covers a plethora of payment options that include virtual currency and blockchain. In order to get that front seat experience of the evolving technologies, financial institutions need to possess a holistic view of their position across and beyond IT. We understand the current landscape of fintech and present to you this edition on the same with insights from thought leaders and profiles on services that are changing the narrative and helping enterprises adopt the best technologies that meet their requirements.Let us know your thoughts!Annie JohnsonEditorialEVOLUTION OF FINTECH Annie JohnsonManaging Editoreditor@apacciooutlook.comTo subscribe to APACCIOOutlookVisit www.apacciooutlook.comArt & GraphicsAmelia StewartFlynn SmythToby LangtonJie Ch'angManaging EditorAnnie JohnsonSenior WritersLane Adams Clara MathewRoyce D'SouzaEditorialAlfred MardinLouis BeckerRachael ClarkRoy ChowDai ShihDan StanleyCopyright © 2019 ValleyMedia Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.DECEMBER - 13, 2019, Volume 05 - Issue - 65 (ISSN 2644-2876)Published by ValleyMedia Inc.*"Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff"Emailsales@apacciooutlook.comeditor@apacciooutlook.commarketing@apacciooutlook.comSalesJames Williamjames@apaciooutlook.com
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