The Infinity of banking

CHALLENGES AND OPPORTUNITIES IN THE BANKING SECTOR. CHALLENGERS IN THE BANKING SECTOR Foreign bank competition (provide differential services to the customers) Slow down the economic growth. Disruptive technological environment. Government un-stability. Then people do not take loans and do not invest money (Changing tax policies, new rules and regulations). Lack of skills and it is difficult to retain employees. Not capture in real areas. High transaction cost (relatively higher the interest rate of loans). OPPORTUNITIES IN THE BANKING SECTOR. Provide innovative product (with new features and facilities). Door to door product (go to customer and give awareness about their product). High professional approaches (have more skill and qualified people). Provide customize and online cyber services. Non-performing advanced management. Loans and other assets are re-structuring (loans – vehicle loans, housing loans likewise). Changing the lending process (change a pr...

New Technology of bank 1. Using Data and AI for Personalization at Scale When it comes to personalization, consumers are pretty clear what they want. They want recommendations that they wouldn’t have thought of themselves, and a clear direction about what they should buy when they are shopping for a product or service. In other words, financial institutions should show consumers that they have been listening and learning from their activities. 2. Voice-First Banking A major part of the voice-first paradigm is a modern “intelligent agent” (also known as “intelligent assistant”). Over time, all of us will have many, perhaps dozens, of these agents interacting with each other and acting on our behalf. These agents will be the “ghost in the machine” in voice-first devices. They will be dispatched independently of the fundamental software and form a secondary layer that can fluidly connect between a spectrum of services and systems. 3 . Open Banking While the largest tech ...