How technology has changed banking over the years

E-banking, online banking, net banking, etc. have completely changed the way banking is done today. 

 Today’s information  technology have succeeded to provide the sophisticated banking e- platform for better banking infrastructure , also influenced the market risk . Commercial Banks are Focusing for shifting from mass to class banking , also implementing new customised that is helping to boost banking sector.Present Technology allows this to banks to create low manpower environment without compromising the providing facilities to customers, also insure to minimum manual operation .E-platform runs on 24 X 7 concepts, this gives freedom to excess any time and from any where without depending to present physically .The E- banking, ATM, Internet banking and Mobile banking are able to reach maximum number of customer at one time simultaneously gives very effective and efficient way to reach them.Today use of these technology has multiplied the growth at lower cost.New services provide wide range of banking services that satisfy the financial and Non-financial needs of the customer.The presence of these E-platform is key for improving the banking sector and also business resources.   

Internet banking is virtually provided platform for web banking that provides services like trading , bill payment,online shopping etc.It is seen that rapid growth in the number of Internet connection and customer has opened up a large market for internet banking. We can operate our bank account and basic operation such as money transfer , bill payment etc. instantly from anywhere in the world from any personal computer at any time with the help e-facilities provided by the banks.