How technology has changed banking over the years
E-banking , online banking, net banking, etc. have completely changed the way banking is done today. Ever since the 18th century, the banking sector has been evolving,and it is known as one of the oldest businesses in the world. The industry has transformed with the help of technology. Banks were always regarded as a place with long queues, and an unmanageable amount of paper work. Due to technological advancements in the banking sector, the need of labour and papers has reduced a lot. Ways in which technology is making the Banking industry More efficient 1. The world At your Fingertips Through net banking, one is allowed to transfer money from one account to another, order for cheques books, check the balance, make payments, create Fixed deposites and so on 2. Less errors and better data protection Today's technology provides complete security of your transactions and safety of your data that there are very rare occasions on which the data is misused. 3. Better...