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I International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456International Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456nternational Journal of Trend in Scientific Research and Development (IJTSRD) ISSN: 2456-6470 | IF: 4.101

5.3.2. Voice Revolution 6.2. Scope for future study: An empirical Scope for future study: An empirical
As voice uprising takes over, outdated online banking As voice uprising takes over, outdated online banking comparative study of public sector and private sector comparative study of public sector and private sector
circulation is assured to get displaced. Banking displaced. Banking banks will lead to in depth analysis of readiness of the analysis of readiness of the
industry should develop its web occurrence by industry should develop its web occurrence by banks and its employees with respect to the trends and banks and its employees with respect to the trends and
proposing higher end products such as loans, proposing higher end products such as loans, challenges of ICT revolution.
mortgages and financial planning tools. Websites mortgages and financial planning tools. Websites
should soon develop to emphasis on superior should soon develop to emphasis on superior REFERENCES
understandings for financial education, planning and understandings for financial education, planning and 1. M. Bhuvana, P. G. Thirumagal and S .Vasantha, M. Bhuvana, P. G. Thirumagal and S .Vasantha,
simplifying complex financial decisions.simplifying complex financial decisions. Big Data Analytics - A Leveraging Technology A Leveraging Technology
f for Indian Commercial Banks, Indian Journal of or Indian Commercial Banks, Indian Journal of
S
5.3.3. Biometrics Science and Technology, Vol 9 (32), August 2016 cience and Technology, Vol 9 (32), August 2016
Multifactor verification with biometrics being Multifactor verification with biometrics being 2. Saranya. J1, Anitha. K 2, Dr. S.Saranya. J1, Anitha. K 2, Dr. S. Vasantha, An
conspicuously used could help diminish frauds. conspicuously used could help diminish frauds. E
Empirical Study on Rolempirical Study on Role of ICT in Banking
Interactive biometrics could afford extraextra defence to
Sector, IJMCR, Vol 2 Apr 2014 IJMCR, Vol 2 Apr 2014
augment banking safety in the future.
3. KPMG Report, Interdependence of Emerging KPMG Report, Interdependence of Emerging
5.3.4. Security Technology on next-generation banking, January generation banking, January
As stated rightly in KPMG report, Cyber Security As stated rightly in KPMG report, Cyber Security 2017
should be shared responsibility of government, should be shared responsibility of government,
4. KPMG Report, Digital Banking, Feb 2016 KPMG Report, Digital Banking, Feb 2016
organizations as well as the end users. Users should organizations as well as the end users. Users should
be conscious of the basic safety structuressafety structures. 5. https://fintechweekly.com/fintechhttps://fintechweekly.com/fintech-definition
Organizations should repeatedly update their softwareOrganizations should repeatedly update their software 6. http://searchcio.techtarget.com/definition/ICTt.com/definition/ICT-
and deceit detection systems. The government should and deceit detection systems. The government should information-and-communicationscommunications-technology-or-
emphasis more on cultivating the customers and emphasis more on cultivating the customers and technologies
should implement basic safety standards for should implement basic safety standards for
7. https://www.npci.org.in/
organizations. All the breaches should be mandatorily organizations. All the breaches should be mandatorily
informed. 8. http://perspectives.icicibank.com/bankhttp://perspectives.icicibank.com/bank-on-your-
wrist
5.3.5. Digital Literacy 9. https://analyticsindiamag.com/conversationalhttps://analyticsindiamag.com/conversational-ai-
The government of India has launched National dia has launched National
huge-indian-banking-sectorsector-getting-bigger/
Digital Literacy Mission with the vision to sanction at Digital Literacy Mission with the vision to sanction at
least one person per household with vital digital least one person per household with vital digital 10. https://www.enterpriseinnovation.net/article/ais://www.enterpriseinnovation.net/article/ai-
literacy skills by 2020. It targets to train 60 million literacy skills by 2020. It targets to train 60 million powered-robots-transform--banking-india-
rural Indians. This mission will help in cultivating the rural Indians. This mission will help in cultivating the 500643590
rural population to appreciate the reputation, ease and ation to appreciate the reputation, ease and
11. http://www.businesstoday.in/sectors/banks/whathttp://www.businesstoday.in/sectors/banks/what-
benefits of digital transactions. This will boost benefits of digital transactions. This will boost
is-blockchain-technology-letlet-us-explain-bitcoin-
affordability of Indian banking sector in years to affordability of Indian banking sector in years to banks/story/238438.html
come.
12. https://www.forbes.com/sites/suparnadutt/2https://www.forbes.com/sites/suparnadutt/2017/09
VI. Conclusion /01/blockchain-is-slowly-changingchanging-digital-
6.1. The advances in Indian banking sector The advances in Indian banking sector banking-in-india-thanks-toto-these-
emphasized in the study direct that the banemphasized in the study direct that the banks are startups/#5489c2374a17
ready and organized to take a leap and proposal ready and organized to take a leap and proposal 13. https://www.vccircle.com/whathttps://www.vccircle.com/what-blockchain-and-
modern banking services. The current tendencies in modern banking services. The current tendencies in why-icici-bank-s-use-it-bigbig-deal/
banking are building blocks of the „Cashless banking are building blocks of the „Cashless
14. http://www.indiabitcoin.com/reservehttp://www.indiabitcoin.com/reserve-bank-of-
Economy‟. The initiative of Government of India will . The initiative of Government of India will
india-successfully-tests-blockchainockchain-technology/
very soon achieve its mission and rural India too very soon achieve its mission and rural India too
would be „digitally literate‟. Banks will have to . Banks will have to 15. http://www.idrbt.ac.in/assets/publications/Best%2http://www.idrbt.ac.in/assets/publications/Best%2
develop a strategy to bridge the gap of technology in develop a strategy to bridge the gap of technology in 0Practices/BCT.pdf
rural banks and urban banks
16. https://www.icicibank.com/aboutus/article.page?ihttps://www.icicibank.com/aboutus/article.page?i

dentifier=news-icici-bank--introduces-software-

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