The Internet: Engine for Change

Vasant Chintaman Joshi
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Vasant Chintaman Joshi: Bank of India

Chapter Chapter 3 in Digital Finance, Bits and Bytes, 2020, pp 39-52 from Springer

Abstract: Abstract The Internet facilitates 24 × 7 use of banking services by the customers. Gradually, the importance for branches as distribution and record keeping centers is waning. Hand holding support by brokers and agents could also be easily dispensed with. Closure of branches and gradual disappearance of middle men was a natural corollary. Openness and access to accounts in different organizations did follow. Equally serious however is the increase in the number of cyber-crimes and interference by national and state level actors in matters political and social. Society at large will have re-double its efforts to prevent the misuse of these facilities. Regulation would have to come in.

Date: 2020
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DOI: 10.1007/978-981-15-3431-7_3

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