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Market Research Report

ICT Technologies Revolutionizing Financial Services Sector

Published by Frost & Sullivan Product code 665632
Published Content info 49 Pages
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ICT Technologies Revolutionizing Financial Services Sector
Published: June 28, 2018 Content info: 49 Pages

This publication has been discontinued on September 15, 2018.

Description

Technology today and beyond: Embracing disruption

The financial service sector has seen drastic technology-led changes over the past few years and the changes which are about to come in three to four years down the line may change the complete face of this sector. Gone were the days when transactions takes time and are filled with uncertainties now with the improved technology and arrival of totally new concept such as Blockchain will reduce uncertainties to zero and maintain a firm data base of all the changes made by a firm or an individual. Digitalization has lowered the cost made services better and introduced seamless experience in this sector and also increased the accessibility to wide range of customers.

The report comprises of following technological innovations in this sector:

  • Inclusion of new business models in FinTech
  • Impact of Blockchain in current system and its evolution in coming years
  • Digitalization as the central part in technological revolution
  • Artificial Intelligence & Machine Learning in Finance
  • Big data & NLP in Finance
  • Automation(RPA) in finance service sector
  • Cloud computing in finance service sector
  • Cybersecurity
Table of Contents
Product Code: D85C

Table of Contents

1.0. EXECUTIVE SUMMARY

  • 1.1. Research Scope
  • 1.3. Key Findings

2.0. INCLUSION OF NEW BUSINESS MODELS

  • 2.1. Emerging Technologies will Cause Major Disruptions and Fuel New Business models
  • 2.2. Sharing of Economy in Financial System is Becoming Eminent

3.0. BLOCKCHAIN TECHNOLOGY IN FINANCIAL SERVICE SECTOR

  • 3.1. Blockchain provides Limitless Possibilities in Finance Sector
  • 3.2. Cost benefits, Transparency and Smart Contract are Driving the Adoption Rate of Blockchain
  • 3.3. Privacy and Technological Challenges are Major Barriers to Blockchain Adoption in Finance Sector
  • 3.4. Blockchain is making Services Cost Effective and Faster by Eliminating Middle men
  • 3.5. Blockchain Capturing financial service ecosystem : Financial institutions
  • 3.6. Regulation and the Policy Makers are Playing a Vital Role in Adoption of Blockchain

4.0. DIGITALIZATION

  • 4.1. What is Digitalization of financial services? Digitalization makes Services Accessible through Touch
  • 4.2. With Huge Customer Usage Digitization can Provide Better Customer Experience
  • 4.3. Enormous Data and Strong Computational Power are Key Drivers of Digitalization
  • 4.4. High Cost and Lack of Skills are Major Barriers to the Adoption of Digitalization in Finance sector

5.0. ARTIFICIAL INTELLIGENCE & MACHINE LEARNING IN FINANCE

  • 5.1. Artificial Intelligence Helps Maximize Resources, Decrease Risk and Generate More Revenue
  • 5.2. Role of Machine Learning in Financial services
  • 5.3. Applications of AI & ML in Finance Serves Firms and End Users at Minimal Cost
  • 5.4. AI & ML Makes Trading Easy Through Algorithms and Robots
  • 5.5. Case studies for the Application of ML & AI in Finance Service Sectors

6.0. BIG DATA & NLP IN FINANCE

  • 6.1. Footprint of Users generates a Collection of Big Data to Enhance Services
  • 6.2. Schematic view of Big data mining
  • 6.3. NLP in Finance services Performs Sentiment Analysis and Reduces Risks
  • 6.4. Case studies for the application of NLP in finance service sectors

7.0. CLOUD COMPUTING IN FINANCE SERVICES

  • 7.1. Cloud computing Service and Deployment models: SaaS and Private Clouds are Widely Adopted in Financial Services
  • 7.2. Cloud computing provides Users Freedom to Access High Computing Power & Huge Storage
  • 7.3. Key Drivers of Cloud computing in finance service sector: Mobility and Cost savings makes Cloud widely Adoptable
  • 7.4. Case studies for the application of Cloud computing in finance service sectors

8.0. CYBERSECURITY

  • 8.1. Cyber Crime is the Biggest Threat to Finance Service Sector
  • 8.2. With Changing Ways to Access Services there is Need to Upgrade Advanced Security Features
  • 8.3. Methods Adopted to prevent cybercrime: Cryptography is Simplest to apply in all Services
  • 8.4. Case Studies for Steps taken to prevent Cyber Attacks
  • 8.5. Cybersecurity Regulation in Different Countries

9.0. STRATEGIC RECOMMENDATIONS

  • 9.1. Strategic Recommendation for Stakeholders

10.0. KEY CONTACTS

  • 10.1. Key Contacts
  • Legal Disclaimer
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