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Digital technologies are also changing the ways in which firms do business and interact with their customers and suppliers. Understanding digital transformation and the channels through which it influences the economy is therefore increasingly relevant for the conduct of monetary policy.
Even though Indian banking sector is moving towards digitalization, there are various issues and challenges to be addressed, especially in rural banking. This conceptual research paper is an.
Digitalization offers new opportunities for banks to place the customer at the center of the development process. New technologies seem to be and stay in the market to disrupt the retail financial.
In Banking and capital markets Banks are embracing digital transformation, but mastering new technology and navigating new partnerships will challenge even the most adept. Digitalization and innovative technologies are creating unprecedented disruption in the banking sector, and the rate of change is accelerating.
The article attempts to present the opportunities and challenges recently emerging in the rural banking sector with special emphasis on digitalization and to analyze the importance of digital literacy in today’s banking scenario.
Garter defines digitalization as the use of digital technologies to change the business model of a company and by doing so, providing new revenue and value producing opportunities (Gartner, 2017). There are many opportunities for the banking sector to go even further with digitalisation and it is the purpose of this study to answer what could happen and what IT can do for consumer banking in.
Impact of digitization on the banking sector-A case study of Riyad Bank Research Paper by Dr. Puja Sunil Pawar and Ms. Maha Al-Raddadi Declaration This Research work is a combined effort and work of Dr. Puja Sunil Pawar and Ms. Maha Al-Raddadi under the group Research work in Economics Department in college of Business Administration, Princess Nourah BintAbdulrahman University, Riyadh, KSA Dr.