CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank has launched three innovative information technology (IT) products, coinciding with Hindi Diwas celebrations.
A
YES Bank
B
Vijaya Bank
C
Axis Bank
D
ICICI Bank
Explanation: 

Detailed explanation-1: -Robotic Process Automation One of the trends in banking for 2021 is RPA which can be used by financial institutions to reduce costs, minimize human errors, save time and offer customers a more efficient service.

Detailed explanation-2: -The history of product innovation in banking From reward cards and no-fee checking to adjustable-rate mortgages, debit cards and instant credit, this innovation has benefitted customers and banks alike.

Detailed explanation-3: -New age technologies such as Artificial Intelligence (AI) and Machine Learning (ML) have radically shifted the way banking works today. Thanks to AI, it is possible to conduct real-time data analysis from a large volume of data sets and provide customised solutions to banking customers.

There is 1 question to complete.