JULY 20234We all get goosebumps and adrenaline rush when it comes to dealing with finance. To while away your stress, confusion and anxiety technology has streamlined various ways to handle and manage our financial stress. Over the last few decades, organizing and operating of money have witnessed disruptive advancements. Consumers handling and interacting with money, their expectation from financial institution and the action and reaction of these organizations have been evolving day-by-day due to `Technology'. Fair, fast and profitable methodologies adopted in Finance industry have proved to great benefits. Technology innovations like chatbots have reduced the man-hours, improved the quality of customer relationships and has simultaneously skyrocketed the profit for both the finance institutions and customers. Revolutionizing every aspect of finance is resulting in communicating well, researching more about purchases and business efficiently. Now we need not stand in a huge queue to deposit the cheque, withdraw money, and enquire about do's and don't's. With just one click all the queries are answered and solved. Don't you think, emerging technologies have made banking process more easy and comprehensive? Off course, today, new technologies make processes easier, more efficient, reduce errors, improve communication, and change how consumers see and interact with money.The concept of customization and personalization via digital platform has revitalized consumers both privacy and accessibility. New initiatives and innovations like hybrid platform such as open banking, blockchain, chatbot & automation, and RPA have indeed transformed Finance and Banking sector to new heights. Modern digital platform through an online portal is attracting more customers as they can process their finance and access the finance status anytime and anywhere. These trend setting techniques are smart and agile; it helps the customers to take smart decisions due to faster responses.In addition, trends like AI and RPA are protecting the data of customers. These popular trends are leveraged by financial institutions of all sizes. Both large scale and small scale banks harness these trends to meet the demands of the customers and these tools automate specific processes such as documentation, data sharing, data analysis, customer communication, and much more. From risk management to security document processing, financial services technology has evolved and erupted with modified and outstanding solutions and has improved the approachability and the standard of quality, accessibility, affordability and availability. Altogether, paying bills on time, analyzing loan status, borrowing money in emergency, and so on, and all these positive results of updating the finance sector by upgrading technology has revised the lifestyle. Assistant EditorHeena KousarComprehending & Streamlining Finance through Smart Technology EDITOR'S NOTE Vol 8 · Issue 01 · JULY-2023 Publisher Alok Chaturvedi Assistant Editor Heena Kousar Associate Editor Indranil Chakraborty Editorial Team Akanshah Shiwani Pradhan Samatha S. P. Sales & Marketing Sahana N Poojary Editorial Queries editor@siliconindia.com To subscribe Visit: https://www.siliconindia.com/subscribe/ Magazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Silicon media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Publisher Alok ChaturvediCopyright © 2023 Silicon Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.sales@siliconindia.comCirculation Manager Magendran PerumalGM Sales & Marketing Shashi RanjanManager - Design Prabhudutta A.R.N RayArt Manager Suanya ChakrabortyDesigners Tushar DasSurbhi Sumansiliconindia
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