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 …
In the world of technology, Artificial intelligence or as the hot new buzzword calls it, AI is the rising star. Artificial intelligence is the go-to technology for almost all the companies around the world. Now, if artificial intelligence is the hot subject on media and people around the …
We are a privileged generation to live in this era full of technological advancements. Gone are the days when almost everything was done manually, and now we live in the time where a lot of work is taken over by machines, software, and various automatic processes. In this …
If you are a banker, online shopper, tech savvy person or even a regular bank customer, you must have definitely heard the word “digital banking”. Interestingly, most people have a different take on digital banking. There is a lot more to digital banking than just a few features …
In this highly competitive era, industries need to speed up and have efficient processes in place if they want to survive this competition and progress at the same time. There are lots of processes in industries that do not need decision-making abilities on a day to day basis, …
Changing consumer preferences, evolving technology, and the rise of the fintech start-up globally is challenging the fundamental way that business models have traditionally worked in the financial services industry. The 8th edition of Infosys Finacle – Efma ‘Innovation in retail banking’ research report 2016 throws some light onto …
