The banking industry is under pressure to accelerate its digital transformation. Like other industries that are modernizing services, banks must adopt digital solutions to enable more compelling customer relationships and generate new revenue streams. Banks must also implement innovative technologies and business models to gain advantages against disruptions introduced by the new wave of financial technology companies (FinTech), the Application Programming Interface (API)-based era of banking openness and interconnectivity that will power the future economy, and new digital payment methods.