September, 20206 The digital fever is getting intertwined with our lives in an unprecedented manner with each passing day. From smartphones to automation to cloud computing to data analysis, proliferating ground-breaking technologies are marking the onset of a new era in almost every industry, including the APAC banking sector. The banks of the future are keen to embrace emerging technology that will help them in adopting flexible business models and position the customer as the center of every strategy. This shall see the rise in the use of AI-based chatbots to encourage conversational banking to provide a personalized experience to clients. Financial tips, detecting fraudulent activity, and even assisting customers during digital account openings, the future chatbots will be a smart, convenient, and cost-effective replacement to the traditional human agents. Also, advanced data analytics, big data, and machine learning algorithms will metamorphose the conventional siloed prevention methods of the financial crime system, thereby enhancing data integrity and security. In fact, in the upcoming years, blockchain will gain momentum as the decentralized database that helps in protecting customers' personal and financial information by storing the confidential data in real-time multiple blockchain servers. To sum up, it is safe to say that the banking and financial industry is on the fast track of evolution. Standing at the cusp of robust technology, there is a wide range of financial companies that offer the latest technologies best suited for the next generation of banking. APAC CIO Outlook has compiled a list of top 10 banking technology companies in APAC 2020 that will help clients steer through the best-of-breed financial organizations in this sector. These organizations are transforming the banking landscape at the cloverleaf of various disruptive technologies. Besides, the magazine comprises insights from subject-matter experts, CIOs, and CXOs in the banking and financial sector on the latest industry trends, best practices, recent innovations, and highlights their expertise. Let us know your thoughts!Annie JohnsonEditorialBuilding Robust Banking Institutions through Advanced Technology Annie JohnsonManaging Editoreditor@apacciooutlook.comArt & GraphicsAmelia StewartRonald DonovanToby LangtonJie Ch'angManaging EditorAnnie JohnsonSenior WritersLane Adams Clara MathewRoyce D'SouzaEditorialAlfred MardinLouis BeckerRachael ClarkRoy ChowDai ShihDan StanleySEPTEMBER - 23 - 2020, Volume 06 - Issue - 67 (ISSN 2644-2876)Published by ValleyMedia Inc.Emailsales@apacciooutlook.comeditor@apacciooutlook.commarketing@apacciooutlook.comSalesJames Williamjames.william@apacciooutlook.comTo subscribe to APACCIOOutlookVisit www.apacciooutlook.comCopyright © 2020 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.*"Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff"
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