Banking Domain
Banking - Industry Knowledge & Dynamics
Looking for knowledge and key business information on the banking industry?
TechnoFunc brings to you banking industry overview, business model, value chain, competitive landscape, and latest trends. Industry knowledge for IT & consulting professionals, consulting firms, industry investors, and all other interested folks in a condensed user-friendly format. Quickly enhance your business acumen in the banking domain and impress your stakeholders in your next meeting!
Banking Operations: Understanding Modern Banking Products
Banking has changed radically in the last 20 years, and it is now one of the most competitive businesses in the world. Like any business, a bank must attract customers in order to make money. There is an ever-wider array of services that are offered by the banking industry today. Technology has impacted the banking industry and changed the way it used to operate. With changing times, banks are also offering new innovative products to meet the dynamic evolving needs of its customers. Learn about various banking products and services.
What is Finance? Meaning, Definition & Features of Finance
Finance is the science around the management of money. Finance encompasses banking, credit, investments, assets, and liabilities. The finance function encompasses a variety of functions, activities, and processes. Finance also consists of financial systems. Acquisition, allocation, utilization, and channelizing the funds to maximize the shareholder's wealth. Finance includes public, personal, and corporate finance.
Banking Operations: Different Types of Payments & Payment Systems
Everyday people trade goods use services and need to make payments using cash as cash money is the major medium of exchange. Banks have developed various payment methods to facilitate the exchange of money that stimulates the growth of commerce, helps economic development and facilitates flexibility with lower transaction costs with security. Various payment systems exist today, ranging from cheque, wire transfer, cards to online transfer. In this article, we will discuss different types of payment methods that are available today with banking channels.
Trends in Banking Industry
Banking today is an exciting, fast-moving, around-the-clock, global activity. Changes in regulation, changes in technology, and changes in the competition have pushed banking, to become dynamic organizations that must respond rapidly to changing business circumstances. The advent of private sector banks, the rapid pace of globalization, emerging disruptive technologies are changing the dynamics of the banking industry as well as the competitive landscape. Read about some recent trends in the banking industry.
Banking Industry Value Chain: Basic Functions in Banking
Banks are commercial institutions and need to increase their business. Unlike other stores and shops, banks are selling services rather than products. Learn how banks get their funds and how they make money on services. Banks and other institutions play this critical role by performing services essential to the functioning of an economy. Safeguarding, transferring, lending, and exchanging money in various forms, along with evaluating credit-worthiness of customers, are the main functions that banks perform. Learn more about the role that banks play in shaping the economy.
