It is important for the banking sector to adopt newer business models and invest in the technology to support those models. Both artificial intelligence and blockchain could be their best bet.
As technology becomes ubiquitous, it’s turning into a driving force that is disrupting, transforming and reshaping business landscapes across different sectors.
DBS Bank will now offer its digibank customers a paperless and ‘signatureless’ on-boarding on its mobile-only banking platform for investing in mutual funds.
With the aim to offer more convenience to its customer, Kotak Mahindra Bank has launched a 24 hour accessible e-lobbies in the Mumbai suburbs of Juhu and Powai