The new trends in banking sector

Today due to innovation a number of new services other than banking are provided by banks and other financial institutions in India. I saw a website with all that top ones you should also see and decide if you are invested in creating your career in the particular field. https://thingsinindia.in/nbfc/

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  • A major trend that you can see in the banking sector is in terms of the shift in the technology used for communications. As banks grow a larger and larger customer base, it comes with an added overhead.
    Overhead of handling effective communications with their customers, not only reliably, but also instantly and also in a very secure manner.
    With the increase in the no. of customers and the no. of transactions per customer, as we move towards a  more cashless society, communication becomes the core of the entire banking system. But handling communications also comes with an added cost of a bulk of SMS Messages which the banks would have to bear.
    SMS up until now has always been the only choice available for banking and financial institutions. Though it being reliable at times and the telcos dictating terms and fees. But, what if there was another choice to the primitive SMS way of communications. What if there was another option available that would provide reliable, instant and secure communications, and also at almost 1/4th the cost of SMS.
    Today, there is such an option available, Cloud Alert. Cloud Alert, is a cloud-based communications platform that provides banks the ability to communicate with their customers faster, and through end-to-end encryption. Moreover, at a much cheaper cost than what they spend montly on huge SMS costs.
    Cloud Alert is a revolution in terms of communication built outright for banking and financial institutions.
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  • NBFC are even regulated by RBI norms.
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