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

The major ongoing development that ihe major ongoing development that i have described
4. More things to bank on T
The year 2016 was the year of mobile first The year 2016 was the year of mobile first in my remarks today represents a speed and scale of in my remarks today represents a speed and scale of
strategy. Indian banks leveraged the increasing strategy. Indian banks leveraged the increasing change that goes above and beyond what I would call change that goes above and beyond what I would call
adoption of mobile to provide customized adoption of mobile to provide customized normal. We should be aware of the risk that such high normal. We should be aware of the risk that such high
offerings on their apps. However, digital offerings on their apps. However, digital pace of change generates and seek to seek to stay on pace of change generates and seek to seek to stay on
technologies are evolving at an unprecedented technologies are evolving at an unprecedented top of those risks.
rate, and so is customer adoption.
5. All of these overlying technologies will be built All of these overlying technologies will be built It also a good time for consumers as a technology a good time for consumers as a technology
on the bedrock of banking architectural on the bedrock of banking architectural pushes us towards the possibility of having smoother pushes us towards the possibility of having smoother
simplification. The new year will see banks move simplification. The new year will see banks move service provision. Straight through digitalized process service provision. Straight through digitalized process
to componentization instead of the traditional to componentization instead of the traditional potentially allow us to quickly access and purchase potentially allow us to quickly access and purchase
monolithic architecture. t the service we want without the need for manual he service we want without the need for manual
6. Cyber security inputs that can slow things downs that can slow things down
Increasing cyber attacks and online frauds gives online frauds gives
sleepless night to several CEOs. The end result is sleepless night to several CEOs. The end result is Let us therefore embrace technological change where Let us therefore embrace technological change where
going to be much more increasing in information going to be much more increasing in information it helps us to achieve those stable long term objective. it helps us to achieve those stable long term objective.
security appending. I I believe we are already making on all sides believe we are already making on all sides
s
significant progress in this work. If we continue with ignificant progress in this work. If we continue with
The world has changed and continues to change The world has changed and continues to change the right attitude, we have an exacting time ahead and , we have an exacting time ahead and
rapidly. The convergence of telecom, media and rapidly. The convergence of telecom, media and together we can help generate the a better banking together we can help generate the a better banking
computing has charged the way we work, play and he way we work, play and system for customers and citizens in to the future.system for customers and citizens in to the future.
live. Everything is moving faster ––trends, news,
products, markets, etc. REFERENCE:
1. Article, pdf, wiki pied, Magazines, Teachers, Article, pdf, wiki pied, Magazines, Teachers,
Conclusion Commerce Books.
With the increasing usage of smart phones, With the increasing usage of smart phones,
digitalization of banking sector is inevitable to catch digitalization of banking sector is inevitable to catch
up the increasing expectations of the worldup the increasing expectations of the world. It indeed
reduces human errors and increased convenience. But reduces human errors and increased convenience. But
the fact that cyber threats are on the rise, banks must the fact that cyber threats are on the rise, banks must
be very careful and should be prepared to handle be very careful and should be prepared to handle
cyber attacks.

@ IJTSRD | Available Online @ www.ijtsrd.comwww.ijtsrd.com | Conference Issue: ICDEBI-2018 | | Oct 2018 Page: 47