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Transformation of the Banking Industry by Technology Banks are intensive users of both IT and financial technologies, and have a wealth of data available that

Transformation of the Banking Industry by Technology "Banks are intensive users of both IT and financial technologies, and have a wealth of data available that may be helpful for the general understanding of the effects of technological change." In light of the above statement:  Converse the need for technology in the banking industry.  Evaluate the transformation of the Banking Industry by technology with relevant examples of technological changes.  Discuss the benefits of technological change for the Banking Industry

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The need for technology in the banking industry arises from various factors Here are some key points highlighting the importance of technology in banking 1 Efficiency and Cost Reduction Technology ena... blur-text-image

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