What technologies do banks use?

Xander Callahan Jul, 19 2023 0

Banks these days are heavily reliant on technology to provide efficient and convenient services. They utilize cloud computing for data storage and sharing, AI and machine learning for fraud detection and customer service, and blockchain for secure transactions. Mobile banking apps have also become a norm, allowing customers to manage their finances on the go. Meanwhile, banks are also using big data analytics to understand customer behaviors and preferences. The use of these technologies not only improves the customer experience but also enhances the bank's operational efficiency.

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