December 20216Pandemic covid-19 has severely affected businesses worldwide, and the retail banking industry is no exception. As the economic crisis intensifies, retail banks are juggling some major concerns that necessitate tangible efforts to reposition themselves now while also recalibrating for the future. Despite social distancing orders, regulations, and compliance functions, they are fighting to maintain their distribution channels open. Despite the challenges of near-zero interest rates and increasing consumer pressure, they are attempting to manage revenue and customer expectations.According to financial sector executives, retail banking is the most likely to be affected by fintech. Fintechs can disrupt market share, profits, information security, and consumer attrition faster than traditional financial sectors. New entrants perceive an opportunity to disaggregate old banking components and provide customized solutions with improved service to retail consumers and companies.Automation in retail banking results in enhanced client contact by making all transfers, deposits, and other services effortless. Embedding automation can reduce the physical work associated with data collection. It will cut down the time wasted in manually gathering consumer information and reduce the tiresome, repetitive communication between the employee and the customer.A myriad of retail banking solution providers in the market offers the newest, innovative, and state-of-the-art solutions for companies. To assist leaders in navigating through the list of promising retail banking solution providers, our panel comprising of CEOs, CIOs, VCs, industry analysts, and the editorial board of Banking CIO Outlook presents to you the top companies in this landscape. We took a deep dive into the market trends to narrow down the list of companies delivering robust retail banking solutions. Equipped with innovative technological capabilities, these enlisted solution providers transform businesses at the cloverleaf of various disruptive technologies. We hope this issue of Banking CIO Outlook helps you build the partnership you and your organization need to foster an environment driven by efficient technology. Let us know your thoughts! Copyright © 2021 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.Email:sales@bankingciooutlook.comeditor@bankingciooutlook.commarketing@bankingciooutlook.com DECEMBER - 14 - 2021, Volume 07 - 11 (ISSN 2644-2418) Published by ValleyMedia, Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffSalesT:510.402.1464Sebastian Jacobsebastian@bankingciooutlook.comVisualizerManaging EditorJames RobertsonReshaping Retail Banking for the Next NormalJames RobertsonManaging Editor editor@bankingciooutlook.comAbhilash PunnolipparambilCarolynn WaltersJustin SmithEditorialJoseph MichaelKenneth ThomasRussell Thomas*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffAsher Blake
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