How is Technology impacting the Banking sector?

Group Discussion
Points to remember before you participate in this discussion:
  • Assume you are one of the members of a real group discussion.
  • Take the initiative to participate and contribute your thoughts.
  • Contribute your positive thoughts towards providing the solution.
  • Post your thoughts here.
128 comments Page 1 of 13.

Emmanuel Unique said:   5 months ago
Hello everyone.

I am Emmanuel Unique.

I think technology serves as the blood which passes all sectors of life. The impact of technology to banks can't be overemphasized. As technology makes the banking process easier and more comfortable. Back in the days, a long queue to the bank was the order of the day. But with technology, it may take someone years without even going to the bank to transact. I can do it online.

Mohit Joshi said:   5 months ago
The banking system has been undergoing massive changes with the help of technology and it has helped in areas such as,

* Online Loan process - Banks are upgrading & replacing current systems to speed up the online loan process.

* Faster payments battle - With many improvements coming in payment technologies, banks are creating new and improved products because of the faster payments that are occuring.

* Customer Access & Control - Many times customer don't know that their information is been sold or shared. So for that there are new technologies being developed that will give banking customers the option to make their own settings on who can access their data and at what level. Placing control of personal data into the hands of the customer seems to be the future.

Priyanka said:   7 months ago
Nowadays technology is impacting the world. But, banking sector technology is the most powerful impact in the world. Banking sector technology is useful for transaction amounts in one bank account to another bank account online, easy to pay the amount in the shopping. Online transaction Is also convenient and also easy to fraud the amount.

Ashok said:   12 months ago
At the outset, I could say that technology in the Banking sector is playing a pivotal role. The new generation is very tech-savvy and utilizes the technology products very effectively. In connection with the older generation, it is facilitating to cater for their needs. By providing all the services through technology platforms banking sector has found a good revenue source without any extra efforts and reaching the more underprivileged sectors of societies.

Utkarsh singh said:   2 years ago
Friends, by my point of view, technology has made our banking very easy and time-saving. By the help of digital banking, we can withdraw or transfer money in seconds. Digital banking has decreased cash thefts. Day by day, the security of digital banking is made more efficient. Technology has played a vital role in the banking sector. Through technology one can check records of his transactions, one need not to queue in banks in an emergency which was time taking process. So by my side, technology has been a boon to the banking sector.


Ritesh said:   3 years ago
Nowadays technology is a very important role in the Banking sector, because of technology our life very easy and also time-saving, with the help of internet we can send money any bank account from anywhere and anytime within few second, we can get any information about banking sectors like check amount and previous details due to technology, we don't need to go for bank and save time we can do any work at home, we will not have go any ATM we can easily transfer money and recharge from anywhere and anytime, some bank started the facility to open a bank account at home no need to move the branch. If by chance any transaction failed the refund will become within 5 days so don't need to worry about it.

Dhiraj kumar said:   3 years ago
Hi everyone.

According to my point of view, in this modern era, technology is playing a very important role to enhance the banking sector.

There are many advantages of technology in banking sector :.

(1) Rapid transaction- With the help of internet today, we are able to do transaction very rapidly from any place. That's why today we do not see crowd in the banks like earlier.

(2) Reduction of cash Robbery- With the help of internet banking we can avoid ourselves from cash robbery.

(3) Easier consumer budgeting- With the help of technology we can get our previous transition details' record very easily.

Thank you.

Roshan Rai said:   3 years ago
Hello everyone,

My name is Roshan Rai.

In my opinion, technology has eased our banking life to a great extent. Now we don't have to queue in the bank for the withdrawal of the transfer of money because we can do this at any time anywhere. Now in emergency cases, we don't have to bother about money because we have net banking and ATMs at footsteps. But all these technologies are good for us until we have a strong security system and we are doing this also.

Ajay yadav said:   3 years ago
Hello everyone, very good morning you to all.

This is Ajay Kumar, today my topic is the impact of technology in the banking sector.

In my point of view, It has a great impact on the banking sector.

By the development of the banking sector, it helps to prevent from standing in the queue in a bank for transfer /withdraw/sending of money but through technology, we can do it within a minute in the home.

By this, it takes less time to do work.

The efficiency of working in banks also increases.

Like every coin has two faces it has also a negative impact on the advancement of technology lots of people are doing illegal activities like hacking, cheating, etc by this they are able to withdraw money by the hacking method. That's we also have to improve the security of banking as well with the advancement of technology.

Thank you for reading my opinion.

Neevadha said:   4 years ago
The banking sector is one of the growing sectors but our technology is a good part of this. Today is a money world want to save us our money using banking its very useful to technology also. Nowadays lots of technology using the banking sector. But it's not enough.

Post your thoughts here:

Your comments will be displayed after verification.