Changing the Face of Banking Industry

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Money is very important. So are banks because they are the custodians of its operations based on resolutions of central bank. Money fails sometimes, but with God on your side and right planning, you will have a hedge.

Concerning money, technology has helped a lot to reduce the hassles of we customers in banking industry. Talk of Internet banking, USSD banking, Automated Teller Machine (ATM), they have all pacified and reduced stresses in banking and our day-to-day monetary transactions.

However, there is a cost to be borne. There is always a cost for every convenience and progress, but it should not be too tasking. This challenge is what some countries of the world including some African countries like Nigeria has dealt with in 2020. They have drastically reduced charged amounts when you bank through any technological innovation.

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More over, some banks have adopted products that are tailored to bring gender equity to be. We should all endeavour to advance like some great countries of the world including United Kingdom (UK), United States of America (USA), China and others in adopting Voice biometrics which is the next big thing that is changing the face of banking industry.

Banks have to strive using technology to offer their customers a cheap, seamless, secure, and passwordless authentication.

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Author: Peter Adewumi

Peter Adewumi is an Amazon author of "Virtues for Riches" series, "Romantic, Inspirational & Motivational Poems," "Attributes of Successful Employees," "The End Matters Most," & "A Lonely Ward in a Comely World."

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