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Impact of Technology in Banking Sector

MRP: Rs.900.00
Price in points: 900 points
In stock

Technology-basedproducts are a boon for financial inclusion, and this has rapidly become thego-to criteria for development. This realisation has also seen the Reserve Bankof India introduce many technology-based products in the country. Newtechnology based products helped the Government and the RBI in their financialinclusion mission on one hand, but ended up creating potential for fraud, moneylaundering and terrorist financing. The threat thus posed to the financialsector has led the RBI to issue guidelines for KYC Norms/ AML Standards/ CFTobligations, among others to prevent banks from being used, intentionally orunintentionally, by criminal elements for nefarious activities. However, thesesporadically updated critical regulations make it difficult for bankingemployees to keep up with in the modern day busy lifestyle. This is prone toleave them vulnerable to organizational action and serious legal implicationsin case of deviance from prescribed procedures as the system fails to recognizeignorance as an acceptable excuse.

While many books deal with traditional banking, the samecannot be said of books pertaining to technology based banking and relatedtopics, which is why these ideas form the core of this book. This book coversall topics which are influenced by technology, with special emphasis to those developedin past decade. It brings you all the available data, including the RBIguidelines, regarding tech-related products to form one exhaustive resourceworthy of being an absolute must-read for all current and aspiringbank-employees.

The book contains thirteen self-sufficient chapters on themany diverse domains of banking. Each chapter is comprehensive in its coverageof the subject matter, and I honestly believe that the readers will appreciateand embrace the efforts put into making it possible. This book provides thereaders with the ultimate base required to not only crack competitive exams andinterviews but also ease day-to-day banking responsibilities and leading toquick, efficient and confident decision making.


Author 4:
Dr. Avasthi
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Shroff Publishers & Distributors Pvt. Ltd