The document discusses emerging technologies in the banking sector of India, including block chain technology, upgraded ATMs, bio-metric identification, mobile and digital banking, automated financial services, partnerships, wearable tech, geo tagging, and cloud technology. Block chain technology allows for an incorruptible digital ledger to record economic transactions and other things of value. Bio-metric identification and card-less transactions are being developed to combat cyber crimes. Mobile and digital banking will include frictionless payments between consumers and businesses. Cloud computing supports disruptive technologies like big data, artificial intelligence, block chain, and the internet of things.

1. Emerging
Technologies in
Banking Sector
of India
Panel Discussion June 2018
30th June 2018,
Saturday

2. Block Chain Technology
Upgraded ATM’s
It is an Incorruptible Digital Ledger
of
Economic Transactions That can
be Programmed to record not just
financial transactions but Virtually
Every thing of value.
Bio-Metric (Finger print) Technology and
Card-less transactions are been getting
Developed in these technical emerging world
to control the Highly committed Cyber Crimes

3. Automated Financial
Services
Mobile and Digital
Banking“ This will include consumer-to-business frictionless digital banking,
consumer-to-consumer one-click payments, new Crypto currency
opportunities, password-free biometrics, locational services and offers,
and conversational interfaces.”
(AFS) is the industry leader in lending and
risk management solutions for financial institutions.
The technical stability and scalability will be uniquely
equipped to handle the complex business as well as
regulatory and compliance issues that define the financial
services industry.

4. Partnerships
 Wearable Tech
Such as smart watches, smart glasses for bank
tellers,
according to a report from Deloitte,
which could process customer banking information
for the employee as the employee is simultaneously
doing other customer service tasks.
Card-linked marketing company Cardlytics, which
engages in data analytics, is partnering with several
financial institutions like Bank of America to leverage
secure purchase data in order to tailor marketing
based on consumers’ card use.

5.  Geo Tagging
 Cloud Technology
Cloud computing is the one technology that supports many
other disruptive technologies such as Big Data, artificial
intelligence (AI), Block chain, IoT.
Business models for banks and fintech companies in the
future are expected to give much greater emphasis to cloud
computing.
By gathering data on their customers’ preferred retail
outlets, banks can also use mobile Geo-location systems to
send information about a product or service, such as m-
payment, available in a specific partner store. They can
also direct customers to a partner retailer, thereby offering
the customer an additional service, the retailer a new
intermediary, and the bank a potential source of margin on
any credit card payments.