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Indian Digital Banking Industry Growth, Trends Analysis & Forecast to 2026
Indian Digital Banking Industry
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Digitization is transforming the financial services industry as the financial industry is effectively leveraging digital technologies to innovate and improve the customer experience. The digital revolution is transforming the relationship between banks and their customers and the new features continuously appear for enhancing customer experience. This shift from old-fashioned banking to digital banking will continue over the years. The global digital banking industry is classified into corporate digital banking, investment digital banking, and retail digital banking.
A Full Report of Indian Digital Banking Industry is Available at: https://marketinsight.in/industry-reports/digital-banking-trends-statistics-analysis
Increasing focus on the implementation of advanced technologies, including AI and Blockchain in the banking sector is offering an opportunity for highly secure and reliable operations. Banks are collaborating with fintech companies to develop DLT (Distributed Ledger Technology) platform. For instance, the Bank of England has announced to modernize its Real-Time Gross Settlement system (RTGS) with Blockchain technology by 2020. Similarly, there are several other innovations done by some players operating in the digital banking market. This includes the introduction of watch banking solutions. ebankIT, a UK-based digital banking company, has introduced the watch-optimized platform and digital channel for performing banking operations over smartphones.
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Marketinsight.in, a sub-division of Orion Market Research (OMR), is a determined market research firm that simply aims at providing services such as consulting, customize research, field research and a growth strategy plan to the Indian enterprises. It provides a complete suite of customized services focused on to bringing process efficiency and market effectiveness in its services.
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