How is Technology impacting the Banking sector?
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.
Discussion:
136 comments Page 8 of 14.
Santhiya said:
9 years ago
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.
(11)
Aparna said:
8 years ago
Hi, friends! According to me, the impact of technology development we are having over the banking is very vast. Technologies which we are using like net banking, ATM etc. , are really heplful to everyone in our country. Senior citizens also find it very easy to withdraw or deposit their money. This technology development help us to save our time in this busy world!Saving time is the most advantageous thing from my point of view. These technologies are also user-friendly where even an uneducated persons can use it after learning it to use for few times.
(5)
Himesch said:
8 years ago
According to me, the banking sector is one of the major source used by most of the people. Technology must be grown in the banking sector. India is a developing country we need to improve our skills. Before we have to wait in a long queue for deposit or withdrawal. If we had a busy schedule also we need to spend our time on the bank. But nowadays technology has improved. The Machine has come in every bank which makes our job simple. It is very useful. But it also has many demerits. If internet or power is not there nothing will be done thank you.
(8)
Utkarsh singh said:
5 years ago
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.
THANKYOU.
(46)
Anonymn said:
9 years ago
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.
(5)
Mukul said:
8 years ago
Technology is impacting the banking sector in a positive way. It has reduced the distance bw bank and its customer to a great extent and now people in rural areas are also using the banking products which are earlier can not be provided to them through any self help group (SHG) or any small branch.
Technology will help in achieving the goal of financial inclusion at faster pace and in a efficient manner. Technology reduced the cost of banking services and increase the competition in the banking sector through various digital platforms.
Technology will help in achieving the goal of financial inclusion at faster pace and in a efficient manner. Technology reduced the cost of banking services and increase the competition in the banking sector through various digital platforms.
(8)
Mubashir Ali said:
7 years ago
Hello everyone.
Yes, definitely technology is a boon for the banking sector. Earlier people used to stand longer in queues for passbook print, now in some banks, it is seen that passbook print machine is available which isolates people who only came for that purpose and saves their time.
Previously no ATMs were there. The introduction of ATMs helped people become aware of their transactions, savings etc.
The banks use SQL which helps them maintain multiple records that can be retraced anytime by them with respective account numbers.
Yes, definitely technology is a boon for the banking sector. Earlier people used to stand longer in queues for passbook print, now in some banks, it is seen that passbook print machine is available which isolates people who only came for that purpose and saves their time.
Previously no ATMs were there. The introduction of ATMs helped people become aware of their transactions, savings etc.
The banks use SQL which helps them maintain multiple records that can be retraced anytime by them with respective account numbers.
(18)
V.sindhuja said:
9 years ago
In olden days there is no mobiles so we are going to banks stand on big lines to get their money or deposit but nowadays the problems can easily solve. Because day to day, technology improves. Each and everyone having mobiles in our mobiles they can easily transaction our money, paying electricity bills each and every one there should be done in our mobiles. That's why there is no standing in front of banks. It's can be done in easily your homes. So our time will not be the wasted within 5min it's to be our work will be completed.
(4)
Varun Chandra said:
4 months ago
For fast paced lifestyle, time plays a pivotal role, the technology has brought to such advance, the banking sectors are challenging each other for Opening an account in Manual and digital in minutes with an verification.
Applying of loans has become so convenient hassle free, all interlinked banking system. The UPI has brought banking to a platform which is a revolutionary, other nations are incorporating from India. The banking has to focus on online banking, hackers and scams, with more effective measures.
Applying of loans has become so convenient hassle free, all interlinked banking system. The UPI has brought banking to a platform which is a revolutionary, other nations are incorporating from India. The banking has to focus on online banking, hackers and scams, with more effective measures.
Vijay madaan said:
8 years ago
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.
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.
(9)
Post your thoughts here:
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers