For improving operational efficiency in the banking sector various services like the securing of internal information consistency, making clients communication easier with the banks through various modes-
Mobile banking which is a service provided by banks and other clearing houses that allows its customers to carry on their financial transactions distinctly through a smartphone or tablet. An app is provided by the banks/ clearing houses for this purpose which is available for 24 hours. Mobile banking is dependent on the internet connection to the mobile device.
Through the Customer self-service portals users like the customers, employees, suppliers, or partners -performs high-valued transactions, starting from simple account updates till the paying of bills.
- Payment software is the payment software that processes, verifies, then accepts or declines debit /credit card transactions using a proper internet connections.
- Loyalty program software is the specific program run by the company that caters benefits to the existing customers.
- Through the Fraud Protection Software , e-commerce businesses detect high-risk transactions and analyze risk factors to prevent the
- The Banking data analytics software facility helps to retain old customers and acquire new ones .