In recent times, the evolution of human beings and our societies has been intricately tied to technology. The banking industry has been significantly influenced by this. The growing application of computerized networks to banking has reduced the cost of transaction and substantially increased the speed of service. The revolution in the world of technology has quickly spilled into the traditional world of banking in the form of reduced over-the counter services and an increase in the use of ATM, e-banking and more recently, social media transactions.
This salon will examine the current methods used by financial institutions here in Nigeria, and suggest possible means of improvement. We will also visit other potential methods not as yet explored.