CURRENT AFFAIRS

Detailed explanation-1: -Union Bank of India celebrated its 104th Foundation Day on Friday. On this occasion, the Foundation Day function was organized by the Area General Manager’s Office of the Bank. In this, a program was inaugurated by Area General Manager Rooplal Meena.

Detailed explanation-2: -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-3: -SBI Foundation Day is celebrated on 1st July to commemorate the day of the establishment of India’s oldest commercial bank.

Detailed explanation-4: -As banks consider to set their priorities for 2023, predictive AI, robotic services and consumer’s growing demand to pay for digital services and goods in the metaverse are among the top bank technology trends 2023 for financial institutions.