LONDON--(BUSINESS WIRE)--Infiniti Research, a leading market intelligence solutions provider, has announced the completion of their free downloadable article on the Canadian financial services industry trends to expect in 2019. The article unveils the top financial services industry trends to expect this year. This free resource also provides detailed insights on how these trends will revolutionize the future of the industry.
Over the past few years, there has been tremendous growth in the Canadian financial services industry. The future of the industry will continue to revolve around digitalization and technological developments that will revolutionize processes in the financial services sector. Although the Canadian financial services industry has witnessed healthy levels of capital adequacy and liquidity, the coming few years for this sector will be dominated by tremendous changes due to evolving trends and business models in the industry. Therefore, companies need to constantly keep track of emerging trends to gain a wider understanding of the dynamic market.
With rapid changes in market dynamics, constantly keeping track of evolving market trends has become imperative for businesses. Request a free brochure to gain more insights into our services portfolio and know how our solutions will help you identify the latest financial services industry trends and will transform your business to gain a competitive advantage.
Canadian Financial Services Industry Trends 2019
Open banking model
Open banking is an emerging trend in the Canadian financial services industry that opens the door to third-party-providers to offer a wide variety of new services. Also, as nearly 60% of financial services providers have already incorporated open banking model in their strategic business plan, it becomes vital for other financial services providers in Canada to embrace this recent innovation. The open banking model is even beneficial for customers as it allows easier management of their finances and even provides them with the power to switch between financial providers.
In an age where technology rules the world, conversational banking has become the next big trend in the financial services industry. With Canadian customers demanding personalized offerings and a wide range of banking features at their fingertips, it has become imperative for financial services companies to embrace well-designed conversational AI platform in their business model. Apart from delivering answers to basic customer queries, this business model tackles a huge range of financial services industry challenges efficiently.
Assessing changes in customer requirements and making constant technology updates in important for businesses to stay competitive in today’s marketplace. Request a free proposal to know how our solutions will help you to stay updated on all the latest trends and transformations in the industry.
Adoption of cloud services is becoming mainstream for financial services companies in Canada. This delivers innovation, customization, and security to generate a unique competitive advantage. By embracing cloud technologies, financial services companies will have unlimited access to data storage. Also, this enhances data security in companies.
To gain detailed insights on the latest trends in the financial services industry in Canada this year, download the complete article here.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us