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E-Banking: The Indian Experience

E-Banking: The Indian Experience

R K Uppal
1169 1480 (21% off)
ISBN 13
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9789386608000
Year
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2017
There has been a wave of innovation in the financial sector in recent years as banks realize to the possibilities of digital technology such as mobile, wearables, analytics and telepresence. And with lenders under pressure to meet fast –changing demands from customers, it is likely to place of change will continue. Biometrics systems could spell the end for the password and for payments, the end of the PIN code. Mastercard is preparing the launch of a new contactless card with an embedded fingerprints sensor, creating a more secure transaction method. Interest in wearable device is growing in all sectors and banking is no different. Although many are waiting the launch of the apple watch to see how picks up apple to let customers manage accounts with a tap of their wrist. Facial recognition, google glass, robotics, agumental reality, beacon technology, oculus rift, crypto currencies and digital cheques in considered. E-age technology is a future technology. These are customer-based. The customers are already users of these environments. If they start pushing financial services to their own customer bases, these ecosystem can potentially take customers away from the banks. Many banks are already investigating how they can utilize block chain applications within their business, while Information Technology vendors such as Microsoft are helping them create real use cases. At the same time, a growing ecosystem of startups is pushing the technology, which many believe has uses outside finance too. The present book compares the performance in two periods i.e pre- mature IT and post- mature IT period in all types of banks. The post IT period is considered better and enhances the performance which indicates use of more and more technology in banks.