New Technologies of
Banking Industry
1. Block Chain
A Block Chain,
originally block chain, is a growing list of records, called blocks that are linked
using cryptography. Each block contains a cryptographic hash of the previous
block, a timestamp, and transaction data. By design, a block chain is resistant
to modification of the data. It is "an open, distributed ledger that can
record transactions between two parties efficiently and in a verifiable and
permanent way”.
Digital banking is
the digitisation (or moving online) of all the traditional banking activities
and programs that historically were only available to customers when physically
inside of a bank branch.
3. AI (Artificial Intelligent)
Artificial
intelligence (AI) is the simulation of human intelligence processes by
machines, especially computer systems. These processes include learning (the
acquisition of information and rules for using the information), reasoning
(using rules to reach approximate or definite conclusions) and self-correction.
Cloud computing is
the on-demand availability of computer system resources, especially data
storage and computing power, without direct active management by the user.
5. Apple Store-Style Experience
6. Robo Advisor
6. Robo Advisor




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