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