banking technology

Banking technology refers to the digital tools and systems that banks use to enhance financial services. This includes online banking, which allows customers to manage accounts via the internet, and mobile banking apps for transactions on smartphones. Banks also use automated teller machines (ATMs) for cash withdrawals and deposit services, as well as advanced security measures like encryption to protect customer data. Furthermore, technologies like artificial intelligence and blockchain are increasingly being integrated into banking for efficiency, fraud detection, and secure transactions. Overall, banking technology enhances convenience, security, and accessibility for users.