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Banking has moved from NEFTs, which took more than three days, to UPI, which can send money in just 3 seconds. Digitization is, therefore, one of the key factors that the banking sector and governments are paying attention to. We are moving towards a digital age powered by artificial intelligence, and the only way forward is to embrace digital transformation. The banking sector’s digital transformation has fundamentally changed how banks work and serve their customers. The traditional banking system is a thing of the past. They take a lot of time and require a bunch of staff. Running the process is cumbersome. This demonstrates the need for digital transformation to speed up and make tasks easier.

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