Due: Friday, March 29, 2024 at 11:59 pm
Now that you know a little more about what banks do, think about mobile banking (banking done from your phone or computer). How do you think technology is changing banking? What do you see for banking in the future? What technology might make banking easier?
In the discussion forum, post your response to these questions in five to eight good sentences. Also, be sure to reply to two of your classmates with three to five good sentences. Remember that spelling and grammar count!
Per my syllabus, I will wait a minimum of 24 hours from your first posting/reply before I grade your discussion. That should be plenty of time for you to make your posting and reply to 2 students. You will only have 1 attempt on this discussion, so make it your best effort.
I believe that technology is changing banking by making it more convenient and accessible to customers. With mobile banking, people can check their account balances, transfer money, pay bills, and even deposit checks all from their phone or computer. In the future, I see banking becoming even more digitized with the use of artificial intelligence and blockchain technology. These advancements could make transactions even faster and more secure. Overall, I think technology will continue to make banking easier by providing more options for customers to manage their finances efficiently.
Reply to Classmate 1:
I agree with your points about how technology is changing banking. It definitely has made things more convenient for customers. I also think that the use of biometric technology, such as fingerprint or facial recognition, could enhance security in the future of banking.
Reply to Classmate 2:
I think the future of banking will be more personalized with the use of machine learning algorithms that can analyze customer behavior and preferences. This could lead to tailored financial advice and services for individuals. Additionally, I believe that the integration of virtual reality could revolutionize the way people interact with their banks, making it a more immersive and interactive experience.