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.
133 comments Page 2 of 14.

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:   4 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:   4 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:   4 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:   5 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.

Saktheeswaran said:   5 years ago
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.

Ragav said:   5 years ago
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.

Shivam said:   5 years ago
My opinion is that technology is impact on banking sector we have of lots of example take a case netbanking is good because we don't need to go for bank and he save our time and we can do tranaction in few second and we have a smartphone we can do app through send money and checking money available in our account.

Dhananjay sarangi said:   5 years ago
Hi, This is Dhananjay. Today we are discussing a topic about the impact of technology on the banking sector.

Technology has a huge impact on the banking sector.

1. We were having to stay in the queue for deposit/withdrawal/transfer the money in the bank but through tech. Now we can do it in a sec sitting at home.

2. We have smart phones, through which we can avail all banking facility easily through internet.

3. Technology also shortens the lengthy system in a bank, we all need is system generated number which carriers our all bank details.

No doubt, it has increased the efficiency of the banking sector in an innumerable way and the most important thing is it's less time-consuming.

Thank you.

Hanumansingh said:   5 years ago
According to my views, the technology beneficial for banking because it does our work easy. We can send money, transfer money, read all condition for open an account.

But sometimes it is harmful to us because some people do its misuse and steal money, hack a computer, disturb bank people.

So, the technology can good for our if we use it in the right way and harmful for our if we use in a bad way.

Thank you.

Post your thoughts here:

Your comments will be displayed after verification.