The Handbook of Banking Technology provides a blueprint for the future of banking, with deep insight into the technologies at the heart of the industry. The rapid evolution of IT brings continual change and demand for investment - yet keeping pace with these changes has become an essential part of doing business. This book describes how banks can harness the power of current and upcoming technology to add business value and gain a competitive advantage; you'll learn how banks are using technology to drive business today, and which emerging trends are likely to drive the evolution of banking over the next decade.

Regulation is playing an ever increasing role in banking and the impact of regulatory change on technology and the management of it are discussed - while mandatory changes put pressure on many of our high street banking brands, their ability to adapt and utilise technology will have a fundamental impact on their success in the rapidly changing marketplace.

Technology costs can amount to 15 per cent or more of operational costs and bank leaders need to be able to make informed decisions about technology investments in light of the potential benefits. This book explores the depth and breadth of banking technology to help decision makers stay up to date and drive better business.

• Assess your current technology against the new banking paradigms
• Procure the systems needed to protect the bottom line
• Implement newer technology more efficiently and effectively
• Ensure compliance and drive value with appropriate technology management

Technological change is driven by mass adoption of new channels, innovation from new entrants, and by banks themselves as a means of increasing revenue and reducing costs. The Handbook of Banking Technology offers a comprehensive look at the role of technology in banking, and the impact it will have in the coming years.

DISCOVER WHY TECHNOLOGY IS DRIVING A REVOLUTION IN BANKING

Historically regarded as staid and uninteresting, banking is undergoing a revolution. Changes in regulation, the inexorable growth in connectivity to customers via the Internet and the availability of low-cost cloud computing have led to a wave of new banks and fintech businesses looking to out-compete long-established banking businesses by offering better customer service, better products and better value for money. It has become essential for the leadership of every bank to understand technology, and the future of many banks depends on using it effectively.

The Handbook of Banking Technology documents the history of banking and the use of technology in banking - and covers the result of more than fifty years of accumulation of banking technology from mainframes to microservices. It covers retail and commercial banking, including bank accounts, lending, and payments, across the commonly used channels and all of the functions in a modern bank, from operations and finance to marketing. It articulates why technology is at the heart of all modern banks, and how best to source, implement, use and manage technology to have maximum impact on a bank's revenue and profit while adhering to increasingly stringent regulations.

If you are a director, manager or regulator in the banking industry who wishes to improve your understanding of banking technology, The Handbook of Banking Technology is particularly relevant. It is also aimed at those working in or embarking on a role in banking technology and those looking to launch a new bank or fintech start-up.