A STUDY ON IMPACT OF TECHNOLOGY ON THE BANKING SECTOR
Abstract
Financial services, including banking services, are at the cusp of a revolutionary change driven by technological and digital innovations. A rapidly growing number of financial entities and technology firms are experimenting with related technological and financial solutions as well as new products in the financial services field which either modifies the way financial intermediation takes place or leads to disintermediation. This study attempts to analyze the technological development in the banking sector in the past few years. A systematic review of literature has been done and it found that still a lot of advancement will be there in the banking sector in coming years.
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