New Trends of Digitization and Digital Services in Banking and Financial Sector in India

Abstract: The financial institutions and Banking systems are the important and integral elements of Indian economy. The Consolidated functioning of both sectors are important for the economy to develop. Because of the advent of digital services and use of technology, financial and banking sector have undergone of huge and massive shift in their work and mode of operations. Latest trends are achieving momentum at their maximum speed as the consumers find it flexible and also convenient at the same time. The important emergence of the digital services in Banking and financial services and its technology has resulted for the introduction of various technological advancements in this sector. Internet banking and fintech companies are the examples of this massive shift. Hence, we will read the concept about the latest and new trends which help in revolutionising the digital services of Indian financial and Banking sector.