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CIO Applications Weekly Brief

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Editor's Pick (1 - 4 of 8)
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Making the Right Investment

Making the Right Investment
Brad Peterson, EVP & CIO, NASDAQ

Utility Game-Changers: Solar, Wind, Hydro and Fintech

Utility Game-Changers: Solar, Wind, Hydro and Fintech
Adriana Karaboutis, CIO & CDO, National Grid

Transformations in Financial Technologies

Transformations in Financial Technologies
Jacob Sorensen, CIO, Bank of The West

Innovation During a Global Crisis: Digital Banking Proves its Power

Innovation During a Global Crisis: Digital Banking Proves its Power
Alex Weber, Chief Growth Officer, N26

Increasing Competitive Advantage with Fintech

Increasing Competitive Advantage with Fintech
Selim Tastan, Head of Digital Transformation and Innovation, Kuveyt Turk Participation Bank

Fintech Solutions for the Exploding Savings Market - How banks can transform the pandemic deposits boom into stable long-term funding

Fintech Solutions for the Exploding Savings Market - How banks can...
Paul Knodel, CEO and Managing Director, Raisin US Inc.

Go Big Data or Go Home-Data Analytics-Enabled Compliance Programs

Go Big Data or Go Home-Data Analytics-Enabled Compliance Programs
Kevin Gleason, Senior Vice President at Voya Investment Management and Chief Compliance Officer of The Voya Funds & Matthew Gleason, Undergraduate Computer Science Major at The University of Arizona

Is it Time to Rethink Your Wellness Strategy?

Is it Time to Rethink Your Wellness Strategy?
Scott Mcduffie, Senior Director with Willis Towers Watson

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Five Automation Trends Impacting the Fintech Sector

By CIO Applications| Wednesday, October 28, 2020
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FREMONT, CA: The Fintech industry is quickly adopting automation because of its efficiency. Automation removes repetitive procedures and streamlines complex tasks, increasing accuracy and safety while reducing human error.

Here are five automation trends that are impacting the Fintech sector:

Billing:

Automated systems benefit both customers and vendors in the payment space. Vendors reduce costs and get paid faster, whereas customers benefit from vendors’ efficiency with reduced prices or higher value delivered for their purchases.

Mobile:

Mobile-oriented tech is part of finance firms’ fundamental workflow because of its ability to successfully get the work done. As fintech utilizes software to accelerate communication and productivity, mobile platforms are improving efficiency and offering a flexible workflow for employees.

Accounting:

The accounting space is slowly changing because of technological advancement. Automation in this area will soon reduce the number of the human workforce as it takes over most of the tasks. Businesses and customers will gain tremendously from this through lower operating costs that will deliver better value instead of spending more on administrative functions.

Customer Support:

Automation in customer service has progressed significantly with specific software programs with internal systems to support customers. These systems also enhance customer experience and ease the work for employees in those departments.

Human Resources Management:

Financial institutions realize the value of the employees and understand that they need to be handled more thoughtfully and efficiently. Today, there are many software creating platforms to help workflow related systems that assist in employee management.

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