Technology has also made banking more secure. With the introduction of biometric authentication methods such as fingerprint and facial recognition, banks can now ensure that only authorized individuals can access their accounts. This has made it more difficult for fraudsters to gain access to customer accounts.
The role of technology in banking is only going to increase in the future. With the introduction of blockchain technology, banks will be able to perform transactions in a more secure and transparent manner. This will reduce the risk of fraud and will make banking more efficient.
In conclusion, technology has played a significant role in transforming the banking sector. Banks have embraced technology to make banking more convenient, secure, and efficient. With the introduction of new technologies such as blockchain, the role of technology in banking is only going to increase in the future. As customers, we can expect banking to become even more convenient and secure in the years to come.