Top Technology Trends Revolutionizing Testing and Monitoring in Banks

Abstract- -The article covers the major technology trends that are transforming the future of testing and monitoring in banking. It also highlights the ways the identified technologies are bound to influence the efficiency of operational processes, risk management, and customer. It emphasizes the technologies that underlie Artificial Intelligence, Machine Learning, Robotic Process Automation, Enhanced Data Analytics, Cybersecurity, Cloud Computing, Distributed Ledger Technology, and Open Banking radically transform the banking operational landscape. They enable more efficient fraud detection and risk assessment, as well as better regulatory compliance and further customer interaction, which result in proactive, safe and customer-oriented banking. The challenges that banks must deal with are also outlined, while technological transformation offers the ultimate solution to restructure traditional banking into an unrivaled, dynamic, and efficient model.

DOI: /10.61463/ijset.vol.12.issue1.596