The banking industry continues to evolve with the times. Since the advent of smartphones, new technologies have brought about new facets to interact with customers. This presents opportunities as well as risks. One such example of an opportunity is the growth of mobile banking over the years which have surpassed branch and online transactions.
On the other hand, among the risks is the increasing tension between banks and fintech companies as the latter continues to increase their foothold in various parts of the financial sector. Customers are finding that these companies typically offer a faster and more convenient transactional process compared to traditional banking.
Moreover, regulation and security requirements have increased over the years to ensure customer security. With this, banks need to adjust in order to deliver systems and processes to keep up with the increasing requirements.
At Seven Seven, we look forward to helping our partners with these challenges and more. Our solutions are designed to take over your daily business-as-usual tasks to allow you to innovate and focus on your core competencies thus enabling you to cope up with the changing times.