Post Covid Digital Financial Services!

In the Corona situation, all sectors are in crisis. Its impact on the financial sector, especially the banking sector. Business transactions have been severely dented due to the corona. Long-term work and production shutdowns have reduced the consistency of savings among the people. Due to that, the amount of savings in the bank was reduced considerably. Otherwise, the new investment opportunity is reduced.

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However, the situation is improving. Now, it needs to attempts to change and adapt to the financial services. The time has not yet come to know the overall loss of the banking sector but the loss in this sector is clear. However, in the new situation, everyone agrees and is more or less sure that information technology is the biggest factor in bank transformation. The economy has returned to normality after overcoming the state of corona situation. Business has started with the hygiene rules. And through all this, the possibility of new investment has been created with the loan from the bank. However, information technology is inseparably involved in these processes.

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This is clear message that It is very important to initiate IT-based financial services in most of the countries. Many countries are advancing in this arena but many countries are trying to initiate. IT-based financial services give opportunity to its customers to banking from home and less physical visit to bank. In the past, the ability to provide IT-based financial services has grown rapidly, but in many cases, consumers have not been able to respond equally. A large number of consumers did not realize the need and usefulness of such services. But people are understanding the usefulness of IT enabled system after Covid. In the most cases, consumer is concerning the security issue in mobile banking or internet banking. It needs to ensure to customers strong and trustworthy IT-based financial services. Now is the time to adapt to the new environment and ensure the ultimate use of information technology in our financial services.