How is Technology Helping Banking Institutions?
Banking and finance are two important parts of commerce and are constantly developing. The scope of banking traditionally meant the accepting of money from their customers and lending any surplus to other people who had the need for funds. This has since evolved to providing a whole range of services to serve both financial and non-financial needs. Technology has significantly helped these changes. How is technology helping banking institutions? Initially, technology was used by banks for back office operations. This …