Neo Banks: A Paradigm Shift in Banking

Author Reg. ID: TIJER_151591

Published Paper Id: TIJER2403089

Published In: Volume 11 Issue 3, March-2024

Abstract: Major changes have occurred in the competitiveness and market structure of Indian banking. Technological and digital innovations are transforming the banking services of the future. In the near future, it is expected that technological improvements will have a major impact on the global financial sector. Financial institutions' business models and strategies are challenged by innovations in payments, lending, asset management, and insurance, but these innovations also present opportunity for new entrants and established market players. Due to a greater reliance on information technology, the financial services industry is characterized by developing technical developments known as fintech. The growing adoption of technology by traditional banks, whether through internal improvements or joint ventures with fintech, is in line with the idea of new-generation banking. Consequently, this is fueling the banks.

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Downloads: 00025

Page No: a645-a650

Country: Bangalore, Karnataka, India

Research Area: Commerce All

Published Paper URL: https://tijer.org/TIJER/viewpaperforall?paper=TIJER2403089

Published Paper PDF: https://tijer.org/TIJER/papers/TIJER2403089

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