Finances and Banking

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Finances and Banking 2018-01-28T17:42:10+00:00

Finances & Banking

This explosion of technology is changing the banking industry from paper and branch banks to’ digitized and networked banking services. It has already changed the internal accounting and management systems of banks. It is now fundamentally changing the delivery systems banks use to interact with their customers. All over the world, banks are still struggling to find a technological solution to meet the challenges of a rapidly changing environment. It is clear that this new technology is changing the banking industry forever. Banks with the ability to invest and integrate information technology will become dominate in the highly competitive global market. Bankers are convinced that investing in IT is critical. Its potential and consequences on the banking industry future is enormous.

The changes that new technologies have brought to banking are enormous in their impact on officers, employees, and customers of banks. Advances in technology are allowing for delivery of banking products and services more conveniently and effectively than ever before – thus creating new bases of competition. Rapid access to critical information and the ability to act quickly and effectively will distinguish the successful banks of the future. The bank gains a vital competitive advantage by having a direct marketing and accountable customer service environment and new, streamlined business processes. Consistent management and decision support systems provide the bank that competitive edge to forge ahead in the banking marketplace.

Here are some of the technologies DrwinTech can implement that could soon be found at a bank near you

Block chain Technology

Block chain technology is set to fundamentally transform banking and financial services. It decentralizes financial management from a central authority to a widespread network of computers.

Block chain Technology

Financial transactions are broken down into encrypted packets, or “blocks,” which are then added to the “chain” of computer code and encrypted for enhanced cybersecurity.

E banking

This enables the bank to deliver its services easily to its high-end customers. To make the system user friendly to all clients, banks have used a Graphical User Interface (GUI), with this software; customers can access their bank details on their own computers, make money transfers from one account to another, print bank statements and inquire about their financial transactions.

E banking

Another technology used by banks to exchange data between the bank and clients is called Electronic Data Interchange (EDI); this software can be used to transmit business transaction in a computer-readable form. Therefore, the client on the other end will be in position to read the information clearly.

Fintech

— financial technology — is an umbrella term describing disruptive technologies in financial services. Fintech has transformed the way money is managed. It affects almost every financial activity, from banking to payments to wealth management.

Fintech

Startups are re-imagining financial services processes, while incumbent financial services firms are following suit with new products of their own.
You will be able to give your customers a better user experience while gaining deep insight into their behaviours.

Development of Computerized Banking Software

With the development of Banking Applications, the banks process becomes faster
and
more reliable...

Development of Computerized Banking Software

…and the record keeping and retrieval becomes much easier.

Development of Internet Banking Solution

With data being centralized, and increasing internet reach, the Internet Banking Solution was developed and now it is offered by almost every bank.

Development of Internet Banking Solution

The Internet Banking offers you many transactions and inquires to be performed online without visiting the branch.

Development of Mobile Banking Solution

With the introduction of Mobile Internet and Mobile Application Development, the Mobile Banking Applications were
developed

Development of Mobile Banking Solution

They make your life easy just banking on your mobile which is truly anywhere – anytime.

Biometrics

Biometrics systems could spell the end for the password, and, for payments, the end of the PIN code to create a more secure transaction method.

Biometrics

Artificial intelligence

Big data analytics means that banks are able to rely on
artificial intelligence
more
than ever

Artificial intelligence

by helping crunches huge volumes of information about a client’s behaviour to offer them detailed, personalised information

NRI Banking Services

This technology has been embraced in countries like India, USA, UAE, just to mention but
a few

NRI Banking Services

Since many people go abroad to work, they have a need of supporting their families. So technology has made it simple for them to send money to their loved ones easily.

In a Nutshell

  • The digital revolution changed banking and financial industry more than any other industry. In many ways, the financial sector is at the forefront of digital innovation.
  • Biometrics a more secure transaction method
  • Block chain Technology Financial transactions are broken down into encrypted packets, or “blocks,” which are then added to the “chain” of computer code and encrypted for enhanced cybersecurity.
  • Artificial intelligence Collect huge volumes of information about a client’s behaviour to offer them detailed, personalised information
  • Development of Computerized Banking Software the banks process becomes faster and more reliable
  • Development of Internet Banking Solution offers you many transactions and inquires to be performed online without visiting the branch
  • Development of Mobile Banking Solution it makes your life easy just banking on your mobile which is truly anywhere – anytime
  • E banking This enables the bank to deliver its services easily to its high-end customers
  • NRI Banking Services technology has made it simple for them to send money abroad to your loved ones easily.
  • Fintech It affects almost every financial activity, from banking to payments to wealth management

What Clients Say

DrwinTech have helped us to solve our problems and continue to provide us with practical, efficient and friendly support.

Rick S., Communication Manager