How technology has changed banking over the years
E-banking, online banking, net banking, etc. have completely changed the way banking is done today.
Although in the recent years the industry has transformed with the help of technology banks were always regarded as a place with long queues and an un manageble amount of paper work due to technology advances in the banking sector the need of labour and paper has reduced a lot.
A lot of people will be able to related to this because in some way or the other all of us being effected by technology.
The ancient system of banking was extremely tiring and lengthy that resulted in poor customer experiences. This was because one hand to stand in long queues files a lot of papers and be physically present the advent of net banking and mobile banking has reduced the time you spend for banking related tasks and has also ensured hassle free customer service even from a remote location. The banking sector has not been left out either the impact had been profound and has affected every part of banking from the way banks operate throungh to how clients access different banking services in endless lines to deposite or cash a check information is also now transfer and stored in a much more convenient and efficient way.
Online banking is perhaps one of the biggest changes that has ever happend in the banking sector previously transferring money involves going to the bank physically and making the transfer but now that is not the case 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 allows you to easily and quickly transfer managed or check your money from vertual any where. The digital revolution has had a major impact on almost every aspect of our lives. From the way we interact with other to how we watch television or work at our desks.
Thus is no different to the way that banking had changed the change had been deep and impact on every aspect of banking from the way that customers are managed through to the investments made.
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