The Role Of Banking In The Digital Era Banking

In the last decade or so, how we bank have undergone a sea change. While long queues at the bank are practically a thing of the past, now it is possible to do a host of banking transactions from our mobile phones, whether it is transferring money, opening a new Fixed Deposit (FD) and so on. With fintech changing the way we bank, banking has become easy, convenient and cost-effective. A breed of lending companies has now come up who offer ready loans to those customers that traditional banks would not lend to. With banking moving to mobile, there are also security concerns which are fuelled by the news of financial frauds. We answer some of the most common financial queries you have so that you can bank with the peace of mind. How do I ensure security, while using digital banking? 1. Avoid making any financial transactions while you are connected to public hotspots or general Wi-Fi in...