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2018•INTERNATIONAL JOURNAL OF MANAGEMENT AND SOCIAL SCIENCESRequires access

BANKING & FINANCE SECTOR IN THE DIGITAL ERA: CHALLENGES AND OPPORTUNITIES FOR SUCCESS

Kastoori Srinivas

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Abstract

Financial sector plays an important role in the economic development of a country. Banking Finance is the lifeline of an economy. A strong and healthy banking system is important requirement for economic growth. Indian banking industry, today is observing an IT digital revolution. The competition among the banks has led to the increasing total banking automation in the Indian banking industry. E-Banking is a generic term encompassing internet banking, telephone banking, mobile banking etc. Through E-Banking the bank wants to introduce the core concept of IT based Enabled Services (ITES). The E-Banking services are executed only upon the customer, and these e-banking services would fully integrate with the core banking solution that is already in usage. The objective of the present paper is to examine and analyze the progress made by Internet and digital banking finance, Trends, Challenges and Opportunities for success in India.

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What this paper is about

Financial sector plays an important role in the economic development of a country. Banking Finance is the lifeline of an economy. A strong and healthy banking system is important requirement for economic growth. Indian banking industry, today is observing an IT digital revolution. The competition among the banks has led to the increasing total banking automation in the Indian banking industry. E-Banking is a generic term encompassing internet banking, telephone banking, mobile banking etc. Through E-Banking the bank wants to introduce the core concept of IT based Enabled Services (ITES). The E-Banking services are executed only upon the customer, and these e-banking services would fully integrate with the core banking solution that is already in usage. The objective of the present paper is to examine and analyze the progress made by Internet and digital banking finance, Trends, Challenges and Opportunities for success in India.

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Available abstract

Financial sector plays an important role in the economic development of a country. Banking Finance is the lifeline of an economy. A strong and healthy banking system is important requirement for economic growth. Indian banking industry, today is observing an IT digital revolution. The competition among the banks has led to the increasing total banking automation in the Indian banking industry. E-Banking is a generic term encompassing internet banking, telephone banking, mobile banking etc. Through E-Banking the bank wants to introduce the core concept of IT based Enabled Services (ITES). The E-Banking services are executed only upon the customer, and these e-banking services would fully integrate with the core banking solution that is already in usage. The objective of the present paper is to examine and analyze the progress made by Internet and digital banking finance, Trends, Challenges and Opportunities for success in India.

Key concepts: Retail banking, Competition (biology), Business, Mobile banking, Telephone banking, Financial services, Banking industry, The Internet

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BANKING & FINANCE SECTOR IN THE DIGITAL ERA: CHALLENGES AND OPPORTUNITIES FOR SUCCESS — Research Paper | ScholarLens