D M Knowledge Hub

July 19, 2019

Technologies use for banking.

There is a new era of banking and financial services on the horizon. Advancements in technology, artificial intelligence and blockchain, has enabled banks and financial institutions to redefine what banking means to consumers today.
The biggest change in the industry is how banks interact with their customers.

Artificial intelligence has made it possible for people to hold meaningful and productive conversations with super-intelligent bots. Either through text or voice recognition interfaces. This, of course, opens up new channels of customer service and engagement Conversational banking is a result of the integration of smart bots with customer engagement.Companies such as MasterCard and Google are already developing technology that will make it possible for people to conduct transactions with merely a voice command. Quite literally, customers can ‘converse’ with an AI bot either via text or by using voice recognition technology to keep track of and manage their financial assets.

Another major trend that took the financial and tech worlds by storm was cryptocurrency mining and while a vast majority of individuals believe that Bitcoin is the next big thing, it is, in fact, the technology at the heart of cryptocurrency that will change the world. Blockchain technology is proving to be disruptive across industries. For banks, it provides a window of major opportunity, with the biggest impact on the payments sector.

New trends of banking.

1. E-banking.

2. NRI Banking Services.

3. Cloud systems.

4. Plastic money.

5. Self-inquiry facility.

6. Remote banking.

Cloud computing for banking.

Cloud computing provides a platform for optimizing

financial services operations while creating and delivering the k
ind of innovative services that differentiate and propel your b
usiness forward. It is agility that will be the lifeblood of
successful financial enterprises going forward, and cloud
computing is one way of gaining that agility. Cloud services
deliver revolutionary performance that empower the banking in
dustry to automate and manage their processes.