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 progressing, and is known as one of the oldest businesses in the world. It has progressed and grown with every passing year one by one. Although in the recent years, the industry has transformed a lot with the help of technology. Following are the ways in which banks have evolved. 1. The World at your Fingertips- A lot of people can relate to this, because in some way or the other, all of us are being effected by technology. From ordering food to shopping for clothes, everything is only a tap away. 2. Less Errors in everything and Better Data Protection- In the old days when banking was completely dependent on human accuracy and skills, mistakes and errors were more common. As human capabilities have a limit, they are prone to skip certain things or make calculation errors for sure. 3. Better Customer Experience- The ancie...
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