A STUDY ON THE ROLE OF DIGITAL TRANSFORMATION IN THE BANKING SECTOR AND ITS IMPACT ON SOCIETY.

A STUDY ON THE ROLE OF DIGITAL TRANSFORMATION IN THE BANKING SECTOR AND ITS IMPACT ON SOCIETY.

Registration ID: IJNRD_220847

Published ID: IJNRDC001036

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Sailee Shringarpure , Ms. Sneha Hathi

Digital Transformation, Banks, Digital Technology, Organizational Culture, Banking Service

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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"A STUDY ON THE ROLE OF DIGITAL TRANSFORMATION IN THE BANKING SECTOR AND ITS IMPACT ON SOCIETY.", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.9, Issue 5, page no.249-255, May-2024, Available :https://ijnrd.org/papers/IJNRDC001036.pdf

Volume 9 Issue 5, May-2024

Pages : 249-255

Paper Reg. ID: IJNRD_220847

Published Paper Id: IJNRDC001036

Downloads: 000121231

Research Area: Engineering

Country: -, -, India

Published Paper PDF: https://ijnrd.org/papers/IJNRDC001036.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRDC001036

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

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