2. Despite the great recession, changes occurring
in the banking trends are phenomenal.
Impact of technology on financial services
has made banking easier and faster.
Technology based modern banking has led to
introduction of various banking services.
4. enables the delivery of information safely at a
faster rate and allows convenient access of
confidential information
Prevents unnecessary scams
High level of financial and data security
Allows easy banking transactions
5. helped the banking system to replace manual
handling and risk control with the
introduction of electronic files and
documents
With image based transactions, the overall
operational efficiency of banking system has
improved
6. A digital wallet holds the details of a user
regarding payment and shipping information
to make electronic commerce transactions
easier
Encryption of data safeguards your information
against piracy
7. RDC is the fastest growing trend in the
banking industry. It allows the deposition of
money to a bank from any location via an
internet connection.
RDC process includes scanning of checks and
transmission of check images to a bank,
thereby making check processing easier and
safer.
8. Mobile Banking enables to perform various
online banking tasks from any location using
a cellular device or a smart phone from bill
payment to transferring fund, checking
account balances to locating an ATM
9. Technology has transformed the entire banking
operations of today
The adoption of technology in banking sector
has facilitated a secure and reliable services
to customers
