How is Technology impacting the Banking sector?

Technology is like a trend, it goes on changing every day at any time. And we should be proud that we are using these new advancements in our smartphones which we can carry anywhere, and make our work achieve in a smart way. And one of the smarter technology today we are using is banking sector, this made our lives really easier, and every user is smarter using those secure apps, we make our transactions very soon as soon as we know the information in our call within a second. The technology was given the privilege to use applications which are user-friendly.

Thank you.

Technology is helping banking sector a lot. For example take the case of net banking. Without going to bank we can track the total amount present in our account. We can do transaction at home within few seconds. Gone are the days when we used to withdraw our money from bank and then use it for any purpose.

Suppose we are seeing something online and we wish to buy it we just need to type our atm card number and thus the purchase is completed. Thus with banking sector updating its technology it's all beneficial to the common people. But as we know there are always two sides of a coin. With many good advantages, there are disadvantages also.

Technology is making a significant impact in the banking sector. Gone are the ancient days when paper registers, bulky computers and large queues used to adorn the branches of the bank. Now, banking is available at fingertips. Internet banking and digital payments are the new buzzwords in the banking industry. Even Atm's and cards have become things of the past. Technology has enabled this convenience of seamlessly banking anytime and anywhere. UPI enabled payments system is like a landmark that provides hassle free transfer of money between any two bank accounts. Technology is like a magic wand that has simplified the banking processes of today.

Dear friends, this topic is very interested. TECHNOLOGY impacting BANKING in various ways. In some way it is more and more useful as in urgent withdraws, for transferring money to other accounts, to keep them safe and finally giving various chance to people who need money. So we have to follow using technology is in good purpose. Which is useful to our SOCIETY as a whole of our Nations, states, world.

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.

Hello everyone.

The world is going technical with new techniques and there is a major impact of technology in all sectors and our daily lifestyle. Well we all are very much aware of net banking or we can say that our life is depends on it only if we want to eat something just do online payment and order something, online dresses, online booking, online traveling extra extra everything is done by cashless and its all because of net banking so we can say that technology has a great impact on banking sector, there are many more examples if someone wants to transfer money from one account to other for this no need to go bank and stand on a line now you can do this just in a minute by sitting at home.

Technology is a boon for the development of society. Technology has become an important factor for advancement of a country, economical development rate has been increased. Now a days people don't have to waste time in the process of any financial transaction, with the help of net banking facility within a minute financial transaction could take place with accuracy.

By my point of view technology is more better than the banking sector because as we all know that there frauds are increasing in banking sector but in technology, there is no fear of fraud.

Let us take an example, if we are going in a bank to transfer the money from one place to another there we can rip off but in net banking which is a part of technology there we cannot be rip off.

So, at last I Want to say that net banking is more better than the banking sector.

In My Opinion;

Day-by-day technology upgrades so more facilities are available in the bank sector. More time is saved because money is deposited or withdrawn in online transactions and the transaction way or method is also very easy.

And most importantly old age people are more useful this technology.

This is the good topic towards our society. Day by day our technology are improving and everyone follows up on the scientific world. Likely technology has been developed our banking sectors also. In my point of view banking sector fully computerized. Even uneducated people also learning new things due to our technology improvement. Within second, we are transferring big amount, we are shopping using our debit cards. We are taking amount from atm during our difficult situations without going to bank. Now we are standing almost edge of developed country.