Top 7 trends driving digital transformation in banking (I)

Top 7 trends driving digital transformation in banking (I)

‘Technological innovation’ – these two words are so imbibed in our day-to-day life that we have almost forgotten how we used to live without mobile phones or internet or even online banking. We take it as a joke that the banking services were limited to a brick and mortar building which we called ‘bank’ within a time-period of 9 a.m. to 4 p.m. There settlements would take multiple days to clear, the day-to-day transactions were cut-off mid-afternoon and there used to be batch processing.