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Technology has been a boon to many industries and especially to the banking industry. With the help of technology banks are able to reach out to more customers and provide better services to them. Also, it helps them function in an organized and secure way.

As for us (the customers) we have ATMs, Cash deposit machines, online banking, phone banking etc which are all fruits of technological advances which have made our banking experience much easier. Imagine having to run to the bank everytime you wanted to check your balance or make a deposit or withdrawal.

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13y ago
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Q: What is the importance of technology in the banking sector?
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