Banking and Capital Markets IT Prioritization
This mix of new technology, smarter processes, and better customer experiences is shaping the future of banking.
Meena
12/7/20241 min read

Banking and Capital Markets IT Priorities for Today
Improving Digital Experiences
Banks are creating better apps and online tools to attract more customers, especially in fast-growing markets.
Upgrading Old Systems
Replacing outdated software and processes with simpler, faster, and automated systems. This includes improving how teams work together and redesigning systems for better efficiency.
Using Cloud Technology
Moving systems to the cloud to manage data better, make operations smoother, and keep everything secure. This also includes modernizing old systems like mainframes and preparing for advanced tools like Generative AI.
Protecting Against Cyber Threats
Strengthening systems to guard against hacking, fraud, and money laundering, while staying updated with security laws. New technologies like digital identity and quantum computing are part of this effort.
Using AI and Generative AI
Using artificial intelligence to develop better software, improve customer service, and detect payment fraud.
Upgrading Payment Systems
Simplifying how payments work by reducing old infrastructure, adopting instant payments, and preparing for new features like Open Banking in Canada.
Improving Data and Processes
Making big upgrades to how banks use data for decision-making and analytics.
Nearshoring Opportunities
Shifting operations to nearby regions as global political changes impact economies worldwide.
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Oakville, ON, L6M 2Y7
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+1-416-716-8841
contact@globaltoneconsulting.com

