How technology has changed banking over the years

E-banking, online banking, net banking, etc. have completely changed the way banking is done today.

Technology has changed  has given the more control over financial live online shopping, online banking, mobile payment , A.T.M It may the changed the value of money .Today digital  world  is develop all the work done within a second.

Ways in which Technology is making  the banking industry is more effective.

1 Less errors and better data protection-  In the older days banking is depending in the human skills and accuracy mistake more apparent .As human capability  have a limit make calculation mistake. Today technology provide the full of safety of your data. 

2 Better customer service - The ancient time the service of the banking is not too good that why no proper feedback is give  technology  is expend the customer service provide better service .

3 Business intelligence -Many banks are adopted the business intelligence .RBI is encouraged all the bank adopted of the business intelligence.

4 Customer Security -One of the important aspects of using a bank is that people want to have their money kept safe. It is the basic reason why banks exist in the first place. Therefore, the ability to monitor every activity from credit cards or debit cards is vital to stop people having their money stolen.

5 More challengers -  One of the biggest change to happen to the banking sector is the opening up of competition to some of the processes that there were only ever available in-bank before. Take Transfer wise, which can save you on the fee your bank would charge you for an international money transfer, as an example. It will be the interesting to see how banking evolves in the future, and which institutions will be flexible and nimble enough to keep up with the demands of today’s society. What those demands will be the and what banking will look like in five or ten years time is an exciting proposition.