Question

QUESTION ONE

Technology has revolutionized the financial services market and has also created entrenched competition. AS a student of financial services marketing discuss five key technologies that have affected service delivery in the financial services market

  

Marketing of Financial Services

Answer 1

5 technology that help the business in services delivery in the contemporary world are as follows-

A. Cloud computing has helped the business in maintenance of the database into structured virtual cloud, which is more transparent and protected.

B. Video conferencing has helped the company in delivery of services through online mode, and it has also help the business in conducting of various business and it is highly helpful in such scenario when there is a high resistance to physical business

C. Development of application has helped the consumers in placement of orders and it has also help the consumers in tracking with the various issues related to the business service

D.There has been an introduction of robotics in management of various services and it can be seen at premium companies like Amazon and it can also be seen in many of the restaurants where the robots are delivering the customers with the required service.

E. There has been a high need of electronic commerce and it has helped the business in delivery of various services direct to the home of various consumers and it has also help the business in gaining an edge in over of supply chain management.