E-banking, online banking, net banking, etc. have completely changed the way banking is done today.
When was the last time you actually walked to your bank physically and spoke to the teller? Several days ago or perhaps weeks right? Technology has had a very big effect on almost every area of our lives.How technology has changed banking over the years?
Top five technologies in banking sector 2020 are.......
## Digital account opening
## Person to Person Payments,
## Video collaboration Marketing
## Cloud computing
## Application Programming interfaces (APIs)
Some of how technology has changed banking:
1. Online Banking
Before this year transferring money involved going to the bank physically and making the transfer, but now that is not the case. But today you can easily move money by just keying in your account details online to access your bank account and then making the transfer. This provides you to easily and quickly transfer, manage or check your money from virtually anywhere.
2. ATM Machines
ATMs have made life easier for almost everyone as they can be found anywhere can you imagine life without ATMs to dispense your money on the spot whenever you need it? These devices grew up to in popularity in the mid 80's and there are now over 10 million of them globally.
3. It has gone global
Today technology is a globally another big change that has been brought about by technology is globalisation of the banking sector.
4. 24-Hour Access
Online services allow consumers and Registered people access banking services throughout the day, 7 days a week. This provides people with the convenience of conducting business and consume satisfaction on holidays and weekends when banks are closed. Other examples like financial integration and the Internal Hirerchy in financial Institutions have shifted.
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