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Impact of technology Adoption and Trends in Banking Technology
What is the primary impact of technology adoption on banking operations?
Technology adoption has transformed banking by enabling faster, cost-effective, and more accurate processing of transactions, reducing manual errors and improving customer service delivery.
What is the role of Optical Character Recognition (OCR) in banking document processing?
OCR converts scanned documents into machine-readable digital text.
What does the term 'digital banking' refer to in the context of Indian banking?
Digital banking refers to the digitization of all traditional banking activities and programs, allowing customers to access services through internet, mobile, and other electronic channels without visiting a physical branch.
What is a Payment Aggregator and how does it support merchants?
Payment aggregators collect payments from multiple channels for merchants.
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