Question

In: Economics

Name 5 types of recent technological innovations in banking. Please type at least a paragraph for...

Name 5 types of recent technological innovations in banking. Please type at least a paragraph for your answer

Expert Solution

Answer:

Recent technological innovations in banking :-

There have been a number of technological advancement in the bank innovation now a days . The advancement of bank mean advancement of financial market consequently advancement of infrastrcture for the growth of the economy is very essential .Financial market is the one which is very much necessary to be strong to economic development , High GDP and consequently High national , Per capita income of any Country .

The innovation technological advancement in Banking recently are :-

1. Augmented Reality. Immersive technologies such as Augmented, virtual, and mixed reality are enhancing customer experience across the board. ...

2. Blockchain

3.Robotic Process Automation

4.Quantum Computing

5.Artificial Intelligence

6.Application programming interfaces (APIs)

7.Prescriptive Security

8.Hybrid Cloud

9.Digital account opening

10.P2P payments

11.Video collaboration/ marketing

12.Cloud computing

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Rahul Sunny answered 1 year ago

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