How is Technology impacting the Banking sector?

Technology is Backbone of Banking Sector. Customer can think of not visiting Bank but can not live without banking. Technology made banking so easy be it Online Account opening, ATM, Internet Banking, Interactive Call Center etc. With the help of technology in the Banking, Bank has reached the door of customer and Customer can do everything online nowadays. With the encouragement from Government towards digitization, Bank contributes more in the front of digitization by offering all services online.

On conclusion Technology improves efficiency in the operation, helps in mitigating risk, improving internal control that helps bank to provide better customer services.

Now concept has come to be completely become digital bank and here with the help of technology, it is possible.

Technology is effectively impacting the banking sector too.

Before technology, all work will be done on a paperwork. They are lots of information which will be done in paper site only. If common people have some difficulty and have some related work in a bank they are in queue. But now technology improve the quality of services. There are lots of data if entered to the database then there was only need to update within in a single minute.

Since technology is in banking sector it will there are no of services provided to people online such as transaction. Payment. For business purposes transaction, many to us.

Thus in my opinion towards we have to be a good idea to implement the technology to the banking sector.

Thank you.

Yes, Due to the impact of technology, people became educated, they became curious in learning things, the people become more alert about the crimes, presently demonetisation gave a good direction about level of crimes occurring in our country. These things make people take tough decisions in their pursuits. Sooner or Later, there is a chance of achieving 100% literacy rate in India. This makes individuals coming with new ideas with a better approach to a problem. In a recent issue, an economist stated that "India's democracy, confers long-term benefits. India can change the government without a revolution. In the long run that may offer a better guarantee for that business crave".

Through technology there are various changes takes place in banking sector are-

Data becomes secure.

Easy access of information.

Payments become easy by the use of plastic money.

Money can be easily transferred from one person to another person, from bank to another bank.

In banking sectors, before they were used to use long notebook with red and black pens writing so much of information and updating things about information wasn't an easy task. Due to technologies databases are used to store lots of information in backend. It's easy to access information it saves time. It minimises the work. It minimises the customer waiting time. It increases security. Even ATM's are used incase of person needs money immediately he need not has to travel to banks which may b far. He can get it in the nearby atm machines.

Yeah, net banking is helping a people lot. In my opinion people not have enough time to go to the bank and.

Atm center for withdrawing the cash for there work related, and family related issues. So my point of you net banking helpful for peoples save their time. A very important thing is they also aware about digitization and Economy of our society.

Hi guys,

I am Akash and technology is make up a huge impact on banking sector. Unlike early days we don't have to wait up in line to make the smallest transaction, now we can do this kind of transaction with remotely in a second.

Banking is using CRM for making better relationship. With customer. Banking is on Mobile App so we easily track our money and follow up expenditure that had been in past. In past taking a loan from is huge deal but it can be done online where every documentation work will be from home no need to wait for months and that's how is technology mending banking sector.

Technology is definitely helping banking sector.

Nowadays technology has become the backbone of the banking sector.

And with an aim of digital INDIAN, it has become more important. It will be not wrong if we say banking sector is incomplete without technology! Technology has definitely improved the efficiency and working of the banking sector.

THANKYOU!

It is good it help people's but not enough that's need some facilities to save a time.

According to my point of view, technology are impacting on banking sector because new technology like Paytm and Schach card are effecting of banking according to sector technology helps to do fast translation of money in this way India is also developing technology is always be the asset for all sector these is all about this topic.