Banking Technology Trends To Watch Out In 2018
1
Helping Small Businesses Grow www.biz2credit.in 1800-3002-0653 /@Biz2CreditIndia /+Biz2creditIn /Biz2Credit India /@Biz2CreditIn /Biz2Credit India /Biz2CreditIndia BANKING TECHNOLOGY TRENDS TO CHECK OUT IN 2018 2017 has brought a revolutionary change in the way people perceive banking. Consumer front has changed a lot with various mobile wallets launched in the market. Almost all the banks have an UPI app now making financial transactions easy to manage. Banks and FinTechs are collaborating to make the security and technological advancement of it more agile. Few points which we believe are going to happen soon and will be a game changer in the field of fintech. ADVANCED SECURITY WITH AADHAAR LINKING With more people going for digital transactions the payment gateway are going to be more secured. Banks are already working on firewalls and secured gateways to protect the details of the customer and to avoid any kind of harmful attacks on the server. For this Aadhar linking is already under process and there might be biometric gateway as well. LINK DECREASE IN MONEY LAUNDERING Money laundering has already decreased because of demonetisation move. With the increased rate of digital transactions, it is expected to go below with more transparency in payment details and source of income. INSTANT PAYMENTS Fintech firms are already working on advanced banking technology, where the transactions are supposed to be more smoother and instant. Few mobile wallets are already in action including Paytm and BHIM App, which have made the life of common people way more easy and transactions smooth. CROSS BORDER PAYMENTS MADE EASY Shopping across border or sending money to the people across states has become way more easier. Your mobile has become your wallet and it has made the life of a traveller way more easy. One need not have to carry heavy cash along with them when there are instant payment options available. PAY BRINGING NEW PLAYERS IN THE MARKET This new wave of banking technology has brought many new players in the market. Blockchain industry is already on move to make more such apps to make the financial transaction process lot more easier.
-
Upload
biz2credit-info-services -
Category
Economy & Finance
-
view
131 -
download
2
Transcript of Banking Technology Trends To Watch Out In 2018
Helping Small Businesses Grow
www.biz2credit.in
1800-3002-0653
/@Biz2CreditIndia /+Biz2creditIn /Biz2Credit India /@Biz2CreditIn /Biz2Credit India /Biz2CreditIndia
BANKINGTECHNOLOGYTRENDS TO CHECK OUT IN 2018
2017 has brought a revolutionary change in the way people perceive banking. Consumer front has changed a lot with various mobile wallets launched in the market. Almost all the banks have an UPI app now making financial transactions easy to manage.
Banks and FinTechs are collaborating to make the security and technological advancement of it more agile.
Few points which we believe are going to happen soon and will be a game changer in the field of fintech.
ADVANCED SECURITY WITHAADHAAR LINKINGWith more people going for digital transactions the payment gateway are going to be more secured. Banks are already working on firewalls and secured gateways to protect the details of the customer and to avoid any kind of harmful attacks on the server. For this Aadhar linking is already under process and there might be biometric gateway as well.
LINK
DECREASE IN MONEY LAUNDERING
Money laundering has already decreased because of demonetisation move. With the increased rate of digital transactions, it is expected to go below with more transparency in payment details
and source of income.
INSTANT PAYMENTS
Fintech firms are already working on advanced banking technology, where the transactions are supposed to be more smoother and instant. Few mobile wallets are already in action including Paytm and BHIM App, which have made the life of common people way more easy and transactions smooth.
CROSS BORDERPAYMENTS MADE EASY
Shopping across border or sending money to the people across states has become way more easier. Your mobile has become your wallet and it has made the life of a traveller way more easy. One need not have to carry heavy cash along with them when there are instant payment options available.
PAY
BRINGING NEW PLAYERS IN THE MARKET
This new wave of banking technology has brought many new players in the market. Blockchain industry is already on move to make more such apps to make the financial transaction process lot more easier.
