Paper Title
A STUDY ON THE ROLE OF DIGITAL TRANSFORMATION IN THE BANKING SECTOR AND ITS IMPACT ON SOCIETY.
Article Identifiers
Authors
Sailee Shringarpure , Ms. Sneha Hathi
Keywords
Digital Transformation, Banks, Digital Technology, Organizational Culture, Banking Service
Abstract
In recent years the concept of digital transformation which has proved to be a very vital thing for development, survival and competitiveness of organizations has attracted maximum attention in all the sectors of our economy. Our economy’s banking sector is the most influenced by the digitaltransformation. In order to face the challenges and demands of the consumer’s banks need to be constantly updating themselves with all the latest and new upcoming trends in technologies. Digital Transformation in this sector has been a continuous process that surely affects all the types of environments and it also redesigns the internal processes and existing methods too. To highlight the reasons that the digital transformation takes place, in the manner of servicing remote areas without physical branches, differentiating itself from competitors or reduction of operating costson the other hand. In any case, there are a lot of doubts about the acceptance of digital technologies.. This article proposes identifying the impact of any digital transformation on the banking sector and also analyzes the relationship between both. For this purpose, the studies in the field of digital transformation in the banking sector were examined by using the systematic literature review method.. At the end of the study, it is observed that there is still much insufficientresearch done in the field of digital transformation in the banking sector and there is a great needfor further studies in this field.
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How To Cite (APA)
Sailee Shringarpure & Ms. Sneha Hathi (May-2024). A STUDY ON THE ROLE OF DIGITAL TRANSFORMATION IN THE BANKING SECTOR AND ITS IMPACT ON SOCIETY.. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 9(5), 249-255. https://ijnrd.org/papers/IJNRDC001036.pdf
Issue
Volume 9 Issue 5, May-2024
Pages : 249-255
Other Publication Details
Paper Reg. ID: IJNRD_220847
Published Paper Id: IJNRDC001036
Downloads: 000121997
Research Area: Engineering
Country: -, -, India
Published Paper PDF: https://ijnrd.org/papers/IJNRDC001036.pdf
Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRDC001036
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