IT in The Banking Sector | TechsagaCorporations

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Role of IT in the Banking Sector

Banking environment has become highly competitive today .Information Technology better market infrastructure, enables new product development, performance of valid techniques for control of risks and helps the financial mediator to reach chorography distant and diversified markets. The key driver to charge has largely been the increasing sophistication in technology and the growing popularity of the Internet.

The shift from traditional banking to e-banking is changing customer’s expectations. www.techsaga.co.in

E-Banking In India e-banking is of recent start. The traditional model for growth has been through branch banking.

Many banks have Updated their services with the facilities of computer and electronic equipments. The electronics revolution has made it possible to provide simplicity and flexibility in banking operations to the benefit of the customer. The e-banking has made the customer say good-bye to huge account registers and large paper bank accounts. www.techsaga.co.in

E - Banking services to the customers: • • • • • • • • • •

Credit Cards Debit Cards ATM E-Cheques EFT (Electronic Funds Transfer) DE MAT Accounts Mobile Banking Telephone Banking Internet Banking EDI (Electronic Data Interchange)

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Traditional Banking Sector CUSTOMER

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TELEPHONE, BRANCH,ELECTRONIC BANKING, etc

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