{"id":2436,"date":"2021-05-10T15:52:00","date_gmt":"2021-05-10T15:52:00","guid":{"rendered":""},"modified":"2025-11-12T10:37:37","modified_gmt":"2025-11-12T05:07:37","slug":"future-of-banking","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/future-of-banking\/","title":{"rendered":"How Technology Will Shape the Future of Banking – Research & Ranking"},"content":{"rendered":"
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As we saw yesterday, the banking sector is going through revolutionary changes led by privatization initiatives of the Government. Among other changes, privatization will lead to faster technology adoption for banks. And technology is something that will differentiate banks going ahead.<\/p>\n\n\n\n

Till recently, physical presence (through branches or agents) was the key for banks to perform their activities. One with the largest physical presence dominated. Customers had to reach out to banks. That was true for an extremely under-banked India prior to two decades. While we are still under-banked, the gap is reducing. Banks are reaching out to customers and are finding new ways to reach out.<\/p>\n\n\n\n

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In a country as under-banked and geographically vast as India, technology can only be the way forward for enhancing banking presence. Let us take a look at what are the technology trends till now:<\/p>\n\n\n\n