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2014 Banking Trends

Technology is changing the way you bank. It is well accepted among bank customers for its convenience. Read on new technologies and trends that banks are complying gradually for winning customers heart and get a competitive advantage on their counterparts.

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2014 Banking Trends

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  1. 2014 : Banking Trends

  2. Despite the great recession, changes occurring in the banking trends are phenomenal. Impact of technology on financial services has made banking easier and faster. Technology based modern banking has led to introduction of various banking services.

  3. Some of the technology based banking methods are… • Biometric Technology • Image Banking • Digital Wallet • RDC • Mobile apps

  4. Biometric Technology enables the delivery of information safely at a faster rate and allows convenient access of confidential information • Prevents unnecessary scams • High level of financial and data security • Allows easy banking transactions

  5. Image Banking helped the banking system to replace manual handling and risk control with the introduction of electronic files and documents With image based transactions, the overall operational efficiency of banking system has improved

  6. Digital Wallet A digital wallet holds the details of a user regarding payment and shipping information to make electronic commerce transactions easier Encryption of data safeguards your information against piracy

  7. Remote Deposit Capture (RDC) RDC is the fastest growing trend in the banking industry. It allows the deposition of money to a bank from any location via an internet connection. RDC process includes scanning of checks and transmission of check images to a bank, thereby making check processing easier and safer.

  8. Mobile Banking Mobile Banking enables to perform various online banking tasks from any location using a cellular device or a smart phone from bill payment to transferring fund, checking account balances to locating an ATM

  9. Technology has transformed the entire banking operations of today The adoption of technology in banking sector has facilitated a secure and reliable services to customers

  10. For more information, Visit us @ www.cr2.com

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