2014 Banking Technology Trends to watch on

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2014 Banking Trends
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• 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.

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Some of the technology based banking methods are

• Biometric Technology
• Image Banking
• Digital Wallet
• RDC
• Mobile apps

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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

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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

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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

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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.

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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

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• 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

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