How is Technology impacting the Banking sector?

Technology brought banking sector reaches every place in the country, and it is also helpful to financial inclusion. Nowadays time is most important factor in human life, so the technology brings less time consuming for banking activities like we don't need to go bank for services, we can transact in our mobiles easily.

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.

This is a help to reduce the corruption in India and provide the safe method for transfer the money.

Yes, its true that technology is impacting a lot in banking system. As due to that long queues in front of teller is now a old school fact. Working become fast, transaction either nationally or internationally is just a piece of cake. Also as all accounts are electronically monitored no fraud of black money and illegal accounts can take place which plays a very great role indirectly in uplifting country's economy.

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.

Hi everyone, my name is Deepak Kumar and today our GD topic is technology impact on banking sectors. So friends as we all know that technology doing a major role in our day to day life but if we talking about the banks their is really a crucial need of technology because in every bank we see that workload is more and that's why banks did not gave a proper service to the customer.

But after ATM, E-banking and other new technology take place we see the difference in the working performance of the banks and also customer satisfaction level increase. So I think technology play a major role in banks. Thanks.

Hello everyone.

Yes, technology is being a boon for the banking system, helps in saving time, quicker access to all important data related to our banking account. It's being more helpful for internet banking which is a revolutionary trend in the banking system. Looking at these points no doubt it's pleasant to hear the bond between technology and banking system, but we also need to look for the problems arising and most importantly discussing its solution up to an implementable level. The backbone of the bond between technology and banking is networking system and security system. We need to boost the network coverage and its speed for wider and quicker access to the facilities. At the same time we are facing problem related to the security system, nowadays hacking the server system and users account is another challenge for this system so as the bond is increasing between tech and banking we need to make it more secure and assured the customers for a safe and secure banking.

Though technology in the banking sector has huge useful, it also has a bad impact on human health, due to internet banking the laziness of the man increases and too job opportunity decreases slightly due to technology use.

The unemployment also causes a severe problem (for example : the unemployed guy received importing details about passbook, etc he can't able read and understand it).

Technology towards the banking sector makes our country as digitized but we are democratic country whenever we use the money we came to know the people are there in the money for example 10Rs note has Mahatma Gandhiji Photo whenever we see that we feel Gandhi is our nation father.

And people who are in the rural area are not able to use this system because Indian is known for different kinds of culture we always need money in our hand.

In banks people who stand in the queue, they know how the bank works as well as it also reduces our fats in our body for standing a long time and their legs get stronger than stronger not only in banking in any place.

Technology in Banking is a good development we can do all transaction in min or sec.

Even it people who fail to pay tax to the Govt will be paying the tax through this method this is also a path for demonetization.

In my point of view technology in banking will help in time consumption but we should completely get into the Technology India is a hard-working people country so we need money, not a Debit or Credit card or net banking.

Good Evening Friends,

According to me, Nowadays technology is very improved. Especially for banking system was improved by the technology development. Security of the banking process well performed.

Even though there are some illegal issues and corruptions done by the some peoples. Recently, there are many problems and scam in the banking. So technology will be helpful for peoples as well as it is leads to corruptions for scamp.