How Technology is Changing the Way We Bank

Chicago IT services

Gartner predicts that soon 60% of banks worldwide will rely upon cloud technology to process transactions. With consumers relying more and more on digital processes, this should come as no surprise.

To prepare for this paradigm shift financial institutions are rethinking their traditional reliance upon the brick-and-mortar model. The truth is, already some banking clients haven't visited a physical branch in years, relying instead on the digital banking experience.

Tech Trends in Banking

As Chicago area banks prepare to meet the increasing demand for mobile services and online banking, access to professional IT Services becomes even more critical. Here's a line-up of the trends poised to change banking as we know it in the foreseeable future:

  • New ways to connect— Expect the on-location experience to change with new technologies like video ATMs, in-house self-service kiosks, and tablets that allow clients to connect with tellers without having to walk up to a window.
  • Mobile deposits— Customers with smartphones and tablets can simply snap a photo to make a deposit. With fast access to their funds, mobile deposits are already a favorite with tech-savvy millennials.
  • Wearable banking— It's only a matter of time until a large percentage of customers begin relying on their Apple Watch for the majority of banking services.
  • Smartphone beacons— Beacons are a new technology that lets shoppers know about special offers provided by their financial institution.

The IT Services Advantage

Chicago-area financial institutions hoping to take advantage of digital banking trends are wise to begin preparing now.

IT Services from Proven Business Systems can provide your organization with the professional assistance you need to compete in an increasingly digital environment. From network design and support to data backup and disaster recovery, Proven's IT Services can provide the custom solutions your Chicago financial institution requires to keep your networks online and secure.

To learn more about the components of IT Services, contact us at Proven Business Systems today.

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