The point of discussing the scenario of the banking industry, including the opportunities and challenges, is focused around the impact of digital banking or technology. A lot of speculations are being made regarding the state of rural and other branches of the banks. However, it is for sure …
The banking industry is up for major transformation in the upcoming years. It has transformed up to a great extent, but the technological impact is going to bring a major transformation in the upcoming years. Not just technology; changing customer behavior, digital transformation, and growing regulatory requirements have …
Currently, it’s said to be a phase of transformation for the banking industry. Specifically, the officials or professionals dealing with the customers are going to witness or be actively part of this process. In a very short period, even the banks at the remotest part of the nation …
Technology innovation in modern times is driven by demand. Specifically, through the pursuit of addressing the needs of small businesses, technology developers are getting more and more demand-oriented. Anyway, the demand is indeed consistent in modern times, which makes the technology developers focus on innovation; rather than just …
What is Virtual Banking? Is virtual banking a trending term these days in the financial arena? What is virtual banking? The virtual bank can be simply understood as a bank that mostly provides services concerned with the retail banking sector. These services are offered mostly through the internet …
High-end cloud software has immensely helped in streamlining the functionality of the organizations of all sectors. Be it about a built-in application or browser, the cloud has made transactions look pretty simple and safe these days. To be specific, banking on the cloud is the most effective among …
The transformation in integration and modes of delivery of financial services is changing with fresh channels, financial products, and collaborations being tried. On such occasions, Banking as a platform has indeed appeared as a major alternative. The concept of ‘sharing economy’ was being highlighted quite a few years …
With the growing number of entrepreneurs and millionaires, private banking has become the latest buzzword. Not everyone might be able to relate to this term because it is a type of banking service that is provided to people who have reached a certain level with their finances. Yes, …
Banking systems and financial institutions are an important part of our lives and the country’s economy. A strong and well-functioning financial system is fundamental to developing or developed economy. It provides financial support to businesses, organizations, and the economy. Banking is a business of money that includes deposits …
Technological innovations have transformed all aspects of life. It has changed the way we travel, communicate, entertain, cook, and shop. Similarly, technology has impacted the way we handle money. Banking is one of the primary sectors of the economy affected by ever-evolving technology. The latest technological trends have …
