Digital Development Of Banking Technology

DIGITAL DEVELOPMENT OF BANKING TECHNOLOGY In terms of the digital development of banking technology, I believe that technology in the banking sector is evolving very fast, as it should be, because people want anything that's easy during pandemics like this. The outbreak of COVID-19 is driving the advancement of banking technology, in my opinion. Because of this pandemic, people have to live a lot at home and do a lot of things digitally, like using banking services. Besides, the demand for digital and automated services is growing rapidly, and the industry needs to respond promptly to this demand. People are forced to do digital traction because of the COVID-19 pandemic. Thus, many national banks are trying to take part in the still potential digital banking market. Therefore, banking today develops a variety of technologies to keep up with the developments of the times and is not left behind in the world of technology. Therefore, many modern banks operate through the Internet. For example, people today don't have to come to the bank if they just want to make an account. They can only make an account by sitting at home. Besides, banks have begun to use internet banking, which facilitates transactions such as money transfers, top-up e-wallet, balance checks, payment of goods or services, and so on. While The Digital Age Faces The Advancement Of Banking Technology The impact of the digital age on the advancement of banking technology: The development of digital technology in the banking industry can be seen as both an opportunity and an obstacle. The shift from conventional transactions, like saving in banks, to digital transaction is the first change that will impact the banking industry. Now, most banks can make transactions through mobile banking or internet banking. The digitization of banking jobs, such as teller, raises concern. Because fintek currently only collects user data, they'll turn into big data centers. In the end, maybe they'll operate similarly to the banks. Most finteks currently provide e-wallet services, which allow them to track how much money a user spends. Per the development of banking technology in today's digital age will threaten the current line of business as automated systems and robotics and digital technology replace jobs and professions. Robot power users reduce costs, productivity, and efficiency. Therefore, with the rapid development of fintech or financial technology, companies must be able to develop innovations to cope with competition. As consumer behavior changes, digital developments will interfere with banking. The benefits of current banking technology developments, especially increased digital technology involvement, so that innovation, creativity, efficiency, and productivity can be optimized and organized safely. Since banking has facilitated payments through HP, people now have no need to worry about losing a wallet. MOBILE BANKING SERVICES Mobile banking services use the Bank's electronic distribution channels to access communication networks through mobile phone or tablet recommendations. The nasbah app, which can be downloaded and installed, enables the use of mobile banking services. One of the advantages of using Mobile Banking is that you can save time by making transactions such as funds transfers, balances checks, payments, and so on from your phone without having to go to the bank. Another advantage is that you can pay your bills without interrupting your activities. The third is in real time; with Mobile Banking, you can track funds coming in and out of your account in real-time. The fourth is free: mobile banking does not require a fee for registration, activation, or monthly funding. The fifth is secure: a security system standardized by the bank involves verification codes, PINs, and security systems. When using mobile banking, customers have two advantages. First, they can make transfers to another bank whenever they want. Second, they don't have to worry about forgetting to bring an ATM card because they can use the cash withdrawal feature to pick up cash at the nearest ATM or Indomaret. Third, customers can do routine transactions. They can transfer regularly or regularly without forgetting. Customer number four has the ability to top-up through E-money, LinkAja, Gopay, Paytren, and Ovo. The fifth has the ability to make payments of any kind, like college payments, online shopping, airline tickets, phones, bpjs, Hajj, and umrah, and the sixth has the capacity to buy pulses, data packages, electric tokens, e-money top-ups, even sacrificing animals. Seven customers can easily pay for items at Shopee, Tokopedia, and Bukalapak. Furthermore, consumers can make easy and secure transactions with a barcode scan with the QRIS logo. In general, mobile banking has features such as transfers, cash withdrawals, scheduled transactions, payments, purchases, and e-commerce. On the other hand, BSI mobile banking has additional features such as QRIS, prayer time, kiblat direction, zakat, infaq, shodaqoh, wakaf, Zakat calculator, nearest mosque location, and juz amma husna and Hikmah.