DECEMBER - 20196Today, an increasing number of financial institutions are engaging with FinTech firms either as investors or through strategic partnerships. According to McKinsey Panorama, almost 80 percent of financial companies today have come to partnership agreements with FinTech companies.Leveraging this partnership, FinTech enterprises are incorporating emerging technologies such as artificial intelligence and machine learning to evolve and make better use of the vast amounts of financial data generated within organizations. The utilization of blockchain technology is enabling FinTechs to eliminate unconditional bureaucracies and provide cost-effective, seamless, and effective banking services. Several FinTechs are also making financial health a priority to expand their ROI-based solution suite into a portfolio that comprises holistic offerings for the establishment of trusting, long-lasting, and multi-pronged relationships with their customers.Moving ahead, the financial sector is predicted to leverage robotic process automation to maintain records and transactions, make calculations, and perform other mundane tasks that include queries. Subsequently, FinTech firms are also seeking out avenues to offer solutions that can protect vulnerable consumers such as senior citizens and young teens from financial fraud.In this edition of Banking CIO Outlook, we are featuring a list of key players in the FinTech space, along with insightful articles from thought leaders in the industry. We believe this edition will help you in evaluating and formalizing effective financial management for your organization.Let us know your thoughts.Copyright © 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.Contact Us:phone:510.402.1463Fax:510-894-8405Email:sales@bankingciooutlook.comeditor@bankingciooutlook.commarketing@bankingciooutlook.com DECEMBER - 13 - 2019, Volume 05 -19 (ISSN 2644-2418) Published by ValleyMedia, Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffSalesT:510.402.1464Annie Mathewsannie.mathews@bankingciooutlook.comVisualizerRonald DonovanIssac GeorgeManaging EditorJames RobertsonCreating Holistic Financial ServicesJames RobertsonManaging Editor editor@bankingciooutlook.comCarolynn WaltersJustin SmithJoseph MichaelEditorialKenneth ThomasRussell ThomasPaul Barber*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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