Siddharth Mehta of IL&FS claims that digitalization has boosted the banking sector

We frequently get questions about the importance of banking digitization. Efficiency more than any other benefit provides a resolution to the problem. Digitalization in banking has raised both to entirely new planes, according to Siddharth Mehta il&fs. Banking operations are now carried out much more quickly and easily. By introducing simplicity, efficiency, and increased output, digitization has changed the mathematics and art of banking.
 
 Digitalized banking processes include electronic signatures, mobile banking apps, quicker transactions, and many others. Therefore, one could argue that digitization has led to a rise in the efficiency of banking processes.
 
 A lot more aesthetically pleasing, functional, and user-friendly, banking has evolved. Many people all over the world now have a great deal of ease thanks to this situation, which did not exist until recently. Digitalization's importance in this situation cannot be disputed.

Read more here :  https://www.business-standard.com/content/press-releases-ani/the-pandemic-has-accelerated-growth-in-the-digital-space-says-siddharth-mehta-former-director-il-fs-122033001147_1.html

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