How is Technology impacting the Banking sector?

Hi guys.

In my opinion, nowadays, the technology is important to banking sector.

If transfer money through the technology is highly secure. It will be save time also.

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.

Yes, I appreciate your views. But if you consider banking in rural areas in India where still there is no proper communication of transport or electricity in that case how you can consider of digital banking. In my opinion, digital banking or technology in the banking sector is essential only for urban areas. If the total banking sector needs to update with technologies then we should assemble under one umbrella i.e. educate every nation & build up proper infrastructure then implement this.

Hai everyone.

Nowadays, all most all banks use the net banking. So this system faces some cyber problems and usefully of people. But main reasons is decreased the cyber problems. This problem main impact on the banking sector.

Hi this is Saikiran.

I would like to thanks for you giving to me this opportunity now days banking sector is impacting on our life why because it is very helpful us and useful ex we have send to money for your family but there is no banks available near your place then you got an idea you sent money through your online banking like paytm, phone, tez, icici mobile banking. Its helpful for modern people, educated people like job holders but not for rural area people because they can not understand this much technology many people I saw even they do not know how to draw the cash from atms they faced many problems when they proceed to transaction, presence of absence mind they do not know follow the rule and regulation or precaution during transaction people must have to aware of it and most of the technology based on software and internet they are not secure because presence of attackers in the world in future those kind of technology may be hacked so government have to aware of it thanks for every one.

In my point of view, technology plays an important role in the banking sector. Some negative impacts are faced by the sector but there is no effect on the banking operations because the technology have the solutions to overcome this type of negative impacts facing the banking sector. The technology came to the banking sector transaction are more transparent and smooth. And it also helps to reduce paper work and improve speed operations. This will help the sector more customer oriented and also increase more deposit. The customer is well satisfied with the technological advancements.

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!

Technology is really a boon for the society especially in the banking sector where we need to maintain records of millions of people. Online banking would reduce the corruption in the country and moreover people need not to stand in long queues to make any bank related transactions as they can be done simply by sitting at home.

We see the cases of theft and robbery rising day by day in our country, by using the online payments methods we need not to carry any money with us.

Hi friends. !

Technology is a boon for each and every sector either it be a banking or anyother sector. Through it we can send a huge amount of rupees from one account to another. In a bit of second, As Through this we can withdraw, send (Imps, Rtgs, Neft) net banking, Record etc. This all could be done in a bit if seconds. Through a secure way. But its disadvantage is that. Not all of the citizens are aware of this technology and another one is there are more chances of hacking means it is less secure.

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.