Page 144 - ICDEBI2018

International Journal of Trend in International Journal of Trend in Scientific Research and Development (IJTSRD)Research and Development (IJTSRD)
International Open Access JournalInternational Open Access Journal | www.ijtsrd.comwww.ijtsrd.com

ISSN No: 2456 ISSN No: 2456 - 6470 | Conference Issue – ICDEBIICDEBI-2018

INTERNATIONAL CONINTERNATIONAL CONFERENCE ON DIGITAL ECONOMY AND FERENCE ON DIGITAL ECONOMY AND

ITS IMPACT ON BUSINESS AND TS IMPACT ON BUSINESS AND INDUSTRYINDUSTRY

Organised By: V. P. Institute of Management Studies & Research, SangliOrganised By: V. P. Institute of Management Studies & Research, SangliOrganised By: V. P. Institute of Management Studies & Research, Sangli

Trends and Challenges Challenges of ICT in Indian Banking SectorIndian Banking Sector

Dr. Munde Sanjeevani DashrathraoDr. Munde Sanjeevani Dashrathrao
Assistant Professor in Commercein Commerce, Late Shankarrao Gutte Gramin ACS Late Shankarrao Gutte Gramin ACS College,
Dharmapuri, Parali (V), BeedDharmapuri, Parali (V), Beed, Maharashtra, India

ABSTRACT
Recently, geometric technologies are developed in all Recently, geometric technologies are developed in all calculation and other things speedily. It discusses to calculation and other things speedily. It discusses to
sector of business, banking, insurance and every sector of business, banking, insurance and every the merging of audio-visual and telephone networks visual and telephone networks
sector. India, too is watching high development in sector. India, too is watching high development in with computer networks. ICT assists interface of with computer networks. ICT assists interface of
Information and Communication Technology. The Information and Communication Technology. The people and administrations in digital world. ICT people and administrations in digital world. ICT
result of this, Indian Banking Sector is ready for result of this, Indian Banking Sector is ready for modernization in Indian banking sector has placed modernization in Indian banking sector has placed
contribution better and improved services to its contribution better and improved services to its strong base of recent banking facilities. Net Banking, strong base of recent banking facilities. Net Banking,
clients. Uninterrupted origination in ICT in the clients. Uninterrupted origination in ICT in the digital wallets, mobile banking apps is the technique mobile banking apps is the technique
banking sector has made Computerbanking sector has made Computer-generated of life. Evolving know-hows will positively take hows will positively take
Banking. Formation of Revolution Workshops is n of Revolution Workshops is Indian banking to the next level in near future. This Indian banking to the next level in near future. This
enabling the banks to discover various roads in the enabling the banks to discover various roads in the paper pursues to study the tendencies and tasks given paper pursues to study the tendencies and tasks given
banking area like Biometrics, Artificial Intelligence, banking area like Biometrics, Artificial Intelligence, by ICT innovation in Indian banking sector. by ICT innovation in Indian banking sector.
Robotics, Data Analytics, Wearable technology etc. Robotics, Data Analytics, Wearable technology etc.
As the nation welcomes innovations in ICT, banks As the nation welcomes innovations in ICT, banks II. Objectives
need to prepare themselves with the mandatory setselves with the mandatory set-up. To study the developing skills in Indian Banking To study the developing skills in Indian Banking
As major percentage of education to take urban youth As major percentage of education to take urban youth Sector.
in the nation accepts and adopts virtual banking. in the nation accepts and adopts virtual banking. To study the tasks postured by ICT innovation in To study the tasks postured by ICT innovation in
Banks need efforts to reach out to uneducated rural Banks need efforts to reach out to uneducated rural near future.
poor areas also. As the nation observers gifted ICT poor areas also. As the nation observers gifted ICT To propose substitutes to overcome the tasks.substitutes to overcome the tasks.
trends in next generation banking. Banks also need to generation banking. Banks also need to
prepare a design to overcome the tasks. This research prepare a design to overcome the tasks. This research III. Scope
paper undertakes the study of application of ICT in paper undertakes the study of application of ICT in The study covers the technological developments in The study covers the technological developments in
order to make the entire banking experience customer order to make the entire banking experience customer Indian banking sector only.
centric. The study also highlights the application of centric. The study also highlights the application of
developing skill in India. It also lists the experiments in India. It also lists the experiments IV. Methodology
postured by improvements in ICT and recommends postured by improvements in ICT and recommends The study is evocative in nature and is centered on The study is evocative in nature and is centered on
substitutions to overcome the same. This paper is substitutions to overcome the same. This paper is secondary data. The data are composed from various secondary data. The data are composed from various
evocative in nature. Secondary data collected from evocative in nature. Secondary data collected from reports, journals, news articles, various bank portals, reports, journals, news articles, various bank portals,
various websites, reports and journals. RBI portal and internet sources. BI portal and internet sources.
R

KEYWORD: ICT, Innovation, Biometrics, Artificial Innovation, Biometrics, Artificial V. Discussion
Intelligence, Technology. 5.1. Trends
5.1.1. Developing Fin Tech Technologies in Indian Developing Fin Tech Technologies in Indian
I. INTRODUCTION Banking Sector
Information and Communications Technology or ICT Information and Communications Technology or ICT FinTech means Financial Technology, i.e. proposingFinTech means Financial Technology, i.e. proposing
is the set-up and workings that enable to do every up and workings that enable to do every economic amenities by making use of recentamenities by making use of recent know-

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