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International Journal of Economics and Finance Research

Volume 1, Issue 1, 2015
Mcmed International
International Journal of Economics and Finance Research
Issn
XXX-XXXX (Print), XXXX-XXXX (Online)
Frequency
bi-annual
Email
editorijefr@mcmed.us
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Abstract
Title
ROLE OF TECHNOLOGY IN BANKING AND FINANCIAL SERVICES
Author
G.Bhaskar*
Email
drgbhaskar@gmail.com
keyword
Banking and Financial Services, Digitalised and networked services.
Abstract
The Banking and Financial Services Industry has embraced the use of technology to serve its client’s faster and also to do more with less. Emerging technologies have changed the banking industry from paper and branch based industry to “digitalised and networked services”. Unlike before, broadband internet is cheap and it makes the transfer of data easy and fast. Technology has changed the accounting and management system of all institutions. And it is now changing the way how banks and financial services institutions are delivering services to their customers. However the technology comes at a cost, implementing all this technology has been expensive but the rewards are limitless.
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