How is Technology impacting the Banking sector?

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.

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.

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.

THANKYOU.

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.

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.

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.

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.

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.

In My point of view nowadays the banking sector is highly automized. In order to save time and to send money through smartphone and we are check bank balance on a single smartphone and take money using via mobile. But sometimes theft bank details are collected and they are robbery amount on the bank account.

Hello everyone, I'm Ragav.

My opinion is that technology advancement in the banking sector had improved greater customer satisfaction but instead it decreased the intake of younger generations in the banking industry as it involves only automation and doesn't need any manpower or mind. It reduced the queues, removed paper challans and nowadays every banking activity or process can be accessed through online 24/7 without any official manual approval. We cannot stop the technology that is striking towards the banking sectors instead we can improve the security.