What is the overall impact of technology on banking sector?

Anonymous

∙ 12y ago

Updated: 8/16/2019

Indian banking industry, today is in the midst of an IT revolution. A combination of regulatory and competitive reasons have led to increasing importance of total banking automation in the Indian Banking Industry.

Information Technology has basically been used under two different avenues in Banking. One is Communication and Connectivity and other is Business Process Reengineering. Information technology enables sophisticated product development, better market infrastructure, implementation of reliable techniques for control of risks and helps the financial intermediaries to reach geographically distant and diversified markets.

By Guruprasad. Hibare

Bijapur

Wiki User

∙ 12y ago

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