TECHNOLOGY BANKING: A GLANCE THROUGH LITERATURE
Area/Stream: Social Sciences, Authors: Dr. Vishnu Laxman Keywords: ATM, online banking, TAM, financial inclusion Book Name /series: Futuristic Trends in Social Sciences, Volume 2, Book 2, Chapter 24Publication: IIP Proceedings Year: 2022, Month: November Page No: 225-237, ISSN/ISBN: 978-93-95632-64-5, DOI/Link: https://www.rsquarel.org/assets/docupload/rsl20236B5429114B393F6.pdf
Abstract:
Technology banking is a recent phenomenon in Indian banking sector. It is a part of digitalization. The New Economic Reforms of 1991, paved way for technology banking. The emergence of technology banking has created both opportunities and challenges for government and banking industry. It has helped the banking sector to meet the growing demands and withstand competition. The consumers with the help of technology banking are able to do anywhere any time banking. It is known to be the best means to achieve financial inclusion and a preventive measure for corruption. But technology banking raises security issues, legal problems and may affect even the effectiveness of monetary policy. Adoption of technology banking is continuing in Indian banking sector and it is a topic of interest for researchers and academicians. Reviewing the available literature, technology banking is gaining popularity, but only a section of the society can avail it and use it. Thus, this paper focuses on giving insights on various aspects of technology banking by reviewing the existing works.
