Whether you own a small business, or are a big entrepreneur, there are high chances of frequent interaction with a bank in order to run your business smoothly. No matter how big the business is, you are an asset to the economy and a contributory factor to the …
Banks are a prominent and vital part of the financial system in India. They are one of the biggest contributors to the growth of the economy and development of the country. Retail banking is one of the most elemental components of the commercial banking system and is of …
The Banking industry and financial institutions are vital sectors of any economy. Development of these two sections of the economy can impact the growth of the country in an incredible way. In the era of “Digital India”, the banking and financial services in India have undergone a massive …
Financial institutions, financial procedures, and financial services have drastically evolved and improved in the last few decades. With the evolution of technology, the entire industry has undergone a massive transformation that has changed the way the financial procedures are carried out and the way the financial institutions operate. …
Ever since the advent of the computers, the use of technology in the banking sector has revolutionized the way the money is handled. There have been numerous technologically innovative inventions that have taken over most of the traditional banking systems and changed the way the business of money …
Various banking systems involving deposits, loans, withdrawal and more were in place in historical India centuries ago. However the modern banking system began in the late 1700s and after a few failed attempts, the growth of banking sector in India began. What is the future of Indian banking …
Over the years, the banking industry has been through an immense transformation. Today, with the latest cutting-edge technology, the banking sector offers a wide range of services. With the increase in the use of virtual banking, this industry has been able to adopt new techniques to keep their …
Banking is an integral part of financial activity today and digital banking in India is highly advanced. Tracing its roots, the word Bank evolved from the Italian word ‘Banca’ which means ‘bench’. The merchants in the early middle ages would sit on benches where they would keep their …
The Banking industry is the life blood of today’s rising world economy, which has inevitably had an influence of technology. This takes us to the next wave of technology – Robotic Process Automation in the banking industry. Robotic Process Automation, as the name suggests, is software that automatically …
Technology in the banking sector has always existed and this is because banks have enormously relied on computers to record transactions. It has also helped in gaining quick and easy access to confidential information. The Importance of technology in banking sector can be seen with the launch of …
