Where Is The Banking Industry Headed?
The banking industry is surely one of the largest industries in today’s world. Banks act as a storage place for people to keep their money and also get various benefits on that money in terms of interest and other advantages. Transformation of the world and technology has occured at a rapid pace. The rapid advances in technology have been instrumental in the various changes that we see now around us. Nowadays, various bank-related work is being handled electronically, because of the acceptance of information technology at home as well as at the workplace. Banking was earlier confined to the premises of your bank branch and you had to visit them in order to access or manage your account. This was really a problem for those who were very busy in their lives and did not have enough time to visit banks regularly. However, since the last few years, when electronic banking began with the use of automatic teller machines, telephone banking, electronic funds transfer, direct bill payment, and
