{"id":96139,"date":"2022-05-18T14:51:41","date_gmt":"2022-05-18T09:21:41","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=96139"},"modified":"2022-06-02T18:40:22","modified_gmt":"2022-06-02T13:10:22","slug":"technology-upgradation-and-its-impact","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/technology-upgradation-and-its-impact\/","title":{"rendered":"Role of Technology Upgradation and its impact on Banks JAIIB"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/technology-upgradation-and-its-impact\/#Download_Role_of_Technology_Upgradation_and_its_impact_on_Banks\" >Download Role of Technology Upgradation and its impact on Banks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/technology-upgradation-and-its-impact\/#Introduction\" >Introduction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/technology-upgradation-and-its-impact\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/technology-upgradation-and-its-impact\/#FAQs\" >FAQs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/technology-upgradation-and-its-impact\/#JAIIB_Study_Material_Compilation\" >JAIIB Study Material Compilation<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The banking industry is the backbone of the Indian financial system, and it is beset by several challenges. One such driver is the information technology revolution. Technology assistance is critical for the banking sector&#8217;s successful operation in today&#8217;s world. We cannot imagine the banking industry&#8217;s prosperity without IT and communication; it has expanded the banking sector&#8217;s importance in the Indian economy. Technology plays a critical role in developing an efficient financial system that can adapt properly to the requirements of a rising economy. It is very important for aspirants of the JAIIB exam to be aware of the Role of Technology Upgradation and its impact on Banks. There are two JAIIB exams each year. Role of Technology Upgradation and its impact on Banks will be discussed in this blog. <\/p>\n\n\n\n<div class=\"wp-block-buttons aligncenter is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.oliveboard.in\/jaiib-mock-test\/?ref=Cont-sou\" target=\"_blank\" rel=\"noreferrer noopener\">take a free JAIIB mock test<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Download_Role_of_Technology_Upgradation_and_its_impact_on_Banks\"><\/span>Download Role of Technology Upgradation and its impact on Banks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons aligncenter is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=cont-sou&amp;cat=jaiib&amp;next=https:\/\/bit.ly\/technology-upgradation-its-impacts\" target=\"_blank\" rel=\"noreferrer noopener\">Download Role of Technology Upgradation and its impact on Banks<\/a><\/div>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">How to Download\u00a0<strong>Role of Technology Upgradation and its impact on Banks<\/strong> E-book for JAIIB?<\/h3>\n\n\n\n<p>Step 1: Click on the&nbsp;<strong><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=cont-sou&amp;cat=jaiib&amp;next=https:\/\/bit.ly\/technology-upgradation-its-impacts\" target=\"_blank\" rel=\"noreferrer noopener\">download<\/a>&nbsp;<\/strong>link. You will be redirected to Oliveboard\u2019s FREE E-Books Page.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1203\" height=\"548\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2022\/03\/ebook-login-screen.png\" alt=\"\" class=\"wp-image-92928\"\/><\/figure>\n\n\n\n<p>Step 2: Create a free Oliveboard account or login using your existing Oliveboard account details<\/p>\n\n\n\n<p>Step 3: Download the book by clicking on the link presented on the page.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Introduction\"><\/span>Introduction <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The banking industry is the backbone of the Indian financial system, and it is beset by<br>several challenges. One such driver is the information technology revolution. Technology<br>assistance is critical for the banking sector&#8217;s successful operation in today&#8217;s world. We<br>cannot imagine the banking industry&#8217;s prosperity without IT and communication; it has<br>expanded the banking sector&#8217;s importance in the Indian economy. Technology plays a<br>critical role in developing an efficient financial system that can adapt properly to the<br>requirements of a rising economy.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Role and Uses of Technology Upgradation<br><\/h3>\n\n\n\n<p>In the banking industry, information technology refers to the application of sophisticated<br>information and communication technologies, as well as computer science, to enable banks<br>to provide better services to their customers in a secure, reliable, and affordable manner,<br>while maintaining a competitive advantage over other banks. The financial sector recognises<br>the importance of technology since it provides banks with a competitive edge through<br>effective client service. Technology has enabled banks to provide much more to their<br>consumers, such as card and telephone access, 24-hour ATMs, credit card, debit card, and<br>POS (Point of Sale) access, and anytime and anywhere banking. Thanks to technological<br>advancements, customers now have global access to their accounts at their fingertips.<br><\/p>\n\n\n\n<p>Data and Message Transferring<br>\u2022 Electronic Mail<br>\u2022 Electronic Data Interchange (EDI)<br>Corporate Websites<br>\u2022 Account services<br>\u2022 A node for commerce<br>\u2022 Financial Advice<br>\u2022 Dissemination of information<br>\u2022 Gateway to the Internet<br>\u2022 To highlight non-banking activities<br>\u2022 Selling financial products<br><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Management Information System (MIS)<br><\/h4>\n\n\n\n<p>A management information system is a computerized system used in an organization for<br>decision-making, information coordination, control, analysis, and visualization. The study of<br>management information systems in an organizational setting, including people, processes,<br>and technology.<br><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Trends in Technology Development<br><\/h4>\n\n\n\n<p>Advances in software tools, computer hardware, and telecommunications have altered<br>banks&#8217; focus away from data processing and toward computerization.<br><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Data Warehousing<br><\/h3>\n\n\n\n<p>The process of building and using a data warehouse is called data warehousing. This is built<br>by combining data from a variety of heterogeneous sources to provide analytical reporting,<br>organized and\/or ad hoc queries, and judgement. Cleaning, integrating, and consolidating<br>data are all aspects of data warehousing.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Information from a Data Warehouse:<\/strong><\/h4>\n\n\n\n<p>Decision support systems can help you make better use of the data in your data warehouse. These technologies assist executives in efficiently and successfully using the warehouse. They may acquire information, evaluate it, and make judgments based on the information in the warehouse. The data collected in a warehouse can be applied to any of the following areas:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Tuning Production Strategies:<\/strong> Product strategies may be fine-tuned by repositioning items and managing product portfolios by comparing quarterly or annual sales.<\/li><li><strong>Customer analysis<\/strong> includes examining a customer&#8217;s purchasing preferences, purchasing time, budget cycles, and other factors.<\/li><li>Data warehousing also aids in customer relationship management and environmental remediation, according to <strong>Operations Analysis<\/strong>. We may also use the data to examine business operations.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Functions of Data Warehouse Tools and Utilities:<\/strong><\/h3>\n\n\n\n<p>The purposes of data warehouse tools and utilities are as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Data extraction<\/strong> entails acquiring information from several distinct sources.<\/li><li><strong>Data cleaning<\/strong> entails locating and resolving data problems.<\/li><li>The activity of transforming data from a legacy format to a warehousing format is known as <strong>data transformation<\/strong>.<\/li><li><strong>Data loading<\/strong> involves sorting, summarizing, consolidating, confirming integrity, and creating indices and divisions.<\/li><li>Updating data sources in the warehouse is known as <strong>refreshing<\/strong>.<\/li><\/ul>\n\n\n\n<p><strong><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=cont-sou&amp;cat=jaiib&amp;next=https:\/\/bit.ly\/technology-upgradation-its-impacts\" target=\"_blank\" rel=\"noreferrer noopener\">Read More Here<\/a><\/strong><\/p>\n\n\n\n<p><strong>Take a peek at the Role of Technology Upgradation and its impact on Banks&nbsp;E-book<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"808\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2022\/05\/Tech-png.png\" alt=\"\" class=\"wp-image-96141\"\/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><br>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This was all about <strong>Role of Technology Upgradation and its impact on Banks<\/strong> for JAIIB. Our goal is to provide candidates with information that will help them prepare for the JAIIB exam. Keep following Oliveboard for more updates. To stay updated, follow Oliveboard on&nbsp;<a href=\"https:\/\/bit.ly\/OB-FB-JAIIB-CAIIB\" target=\"_blank\" rel=\"noreferrer noopener\">Facebook<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/bit.ly\/OB-TG-JAIIB-CAIIB\" target=\"_blank\" rel=\"noreferrer noopener\">Telegram<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1652864604184\"><strong class=\"schema-faq-question\">Q. What are Electronic Clearing Services (ECS)?<\/strong> <p class=\"schema-faq-answer\">A. It is a method of electronic cash transfer from one bank account to another via the clearing house mechanism. It comes in handy when making large payments from one account to many accounts or vice versa. The recipient must have an account with one of the banks at the ECS Centre.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1652864640688\"><strong class=\"schema-faq-question\">Q. What are some of the pros of data mining?<\/strong> <p class=\"schema-faq-answer\">A. Some of the advantages of data mining are:<br\/>&#8211; Data mining assists businesses in making lucrative changes to their operations and  output.<br\/>&#8211; Compared to other statistical data applications, data mining is a cost-effective and  efficient option.<br\/>&#8211; The decision-making process is aided by data mining.<br\/>&#8211; It may be integrated into both new and current platforms.<\/p> <\/div> <\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"JAIIB_Study_Material_Compilation\"><\/span>JAIIB Study Material Compilation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table><tbody><tr><td>Principles And Practices Of Banking&nbsp;<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/principles-and-practices-of-banking\/\">Principles And Practices Of Banking | Study Notes For JAIIB (oliveboard.in)<\/a><\/td><\/tr><tr><td>Reserve Bank of India<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/banking-awareness-notes-reserve-bank-of-india-rbi\/\">Reserve Bank of India: Organisation &amp; Functions \u2013 Oliveboard<\/a><\/td><\/tr><tr><td>Types Of Shares And Their Issue<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/types-of-shares-and-their-issue\/\">Types Of Shares And Their Issue- Types, Classification, Bonus Shares (oliveboard.in)<\/a><\/td><\/tr><tr><td>Understanding The Balance Sheet And Its Format<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/understanding-the-balance-sheet-and-its-format\/\">Understanding The Balance Sheets And It\u2019s Format (oliveboard.in)<\/a><\/td><\/tr><tr><td>Accounting And Finance For Bankers<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/accounting-and-finance-for-bankers\/\">Accounting And Finance For Bankers | Study Notes For JAIIB (oliveboard.in)<\/a><\/td><\/tr><tr><td>Assets &amp; Liabilities&nbsp;<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/assets-liabilities\/\">Assets &amp; Liabilities \u2013 Meaning, Legal Requirements and more (oliveboard.in)<\/a><\/td><\/tr><tr><td>Public Sector Banks And Cooperative Banks<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/public-sector-banks-and-cooperative-banks\/\">Public Sector Banks And Cooperative Banks | JAIIB Study Notes (oliveboard.in)<\/a><\/td><\/tr><tr><td>Calculation of Interest and Annuities<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/calculation-of-interest-and-annuities\/\">Calculation of Interest and Annuities-Business Mathematics For JAIIB (oliveboard.in)<\/a><\/td><\/tr><tr><td>Calculation of YTM<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/calculation-of-ytm\/?utm_source=rss&amp;utm_medium=rss&amp;utm_campaign=calculation-of-ytm\">Calculation of YTM(Yield to Maturity)-Basics of Business Mathematics (oliveboard.in)<\/a><\/td><\/tr><tr><td>Consumer Protection Act<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/consumer-protection-act\/\">Consumer Protection Act COPRA- Free Pdf Notes for JAIIB 2022 (oliveboard.in)<\/a><\/td><\/tr><tr><td>Risk and Basic Risk Management Framework<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/risk-and-basic-risk-management-framework-jaiib\/\">Risk and Basic Risk Management Framework JAIIB | Oliveboard<\/a><\/td><\/tr><tr><td>Risks in Banking Business<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/risks-in-banking-business\/\">Risk in Banking Business<\/a><\/td><\/tr><tr><td>Functions of Bank<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/functions-of-bank\/\">Functions of Bank \u2013 Short Notes for JAIIB Exam | Oliveboard<\/a><\/td><\/tr><tr><td>Payments and Collecting Cheques<\/td><td><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=cont-sou&amp;cat=jaiib&amp;next=https:\/\/bit.ly\/Payment-collection-of-cheques-JAIIB\" target=\"_blank\" rel=\"noreferrer noopener\">Payment and Collection of Cheques and Other Negotiable Instruments for JAIIB I Oliveboard<\/a><\/td><\/tr><tr><td>Data Communication Network<\/td><td><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=cont-sou&amp;cat=jaiib&amp;next=https:\/\/bit.ly\/data-communication-EFT-JAIIB\" target=\"_blank\" rel=\"noreferrer noopener\">Data Communication Network and EFT Systems for JAIIB I Oliveboard<\/a><\/td><\/tr><tr><td>Technology Upgradation and it&#8217;s impact<\/td><td><a href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=cont-sou&amp;cat=jaiib&amp;next=https:\/\/bit.ly\/technology-upgradation-its-impacts\" target=\"_blank\" rel=\"noreferrer noopener\">Role of Technology Upgradation and its impact on Banks JAIIB I Oliveboard<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Also Read:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><a href=\"https:\/\/www.oliveboard.in\/blog\/important-tips-to-crack-jaiib-exams\/\">5-Important Tips To Crack JAIIB Exams| Check Here (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-frequently-asked-questions\/\">JAIIB Frequently Asked Questions- 2022| Check Here (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-questions-pdf\/\">JAIIB Genius | JAIIB Weekly Quiz PDF \u2013 JAIIB Questions PDF (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-full-form\/\">JAIIB Full Form \u2013 Junior Associate of the Indian Institute of Bankers (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-and-caiib-books\/\">JAIIB and CAIIB Books- Exams Syllabus, Books, and more (oliveboard.in)<\/a><\/li><\/ol>\n\n\n\n<p>Also Check:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/\">JAIIB 2022 Exam -Notification Released (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/notification\">JAIIB Notification 2022 \u2013 Notification PDF, Eligibility, (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/application-form\">JAIIB Apply Online \u2013 Application Form 2022, Fees, Instru (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/eligibility\">JAIIB Eligibility \u2013 Age, Degree, Nationality, Members (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/syllabus\">JAIIB Syllabus \u2013 Complete List of Papers, Modules (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/exam-pattern\">JAIIB Exam Pattern 2022 \u2013 Details of Pattern, Marking (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/admit-card\">JAIIB Admit Card November 2022 \u2013 Steps and Direct Download (oliveboard.in)<\/a><\/li><li><a href=\"https:\/\/www.oliveboard.in\/jaiib\/cut-offs\">JAIIB 2022 Cut Offs \u2013 Check JAIIB Minimum Cut Off (oliveboard.in)<\/a><\/li><\/ol>\n\n\n","protected":false},"excerpt":{"rendered":"<p>The banking industry is the backbone of the Indian financial system, and it is beset by several challenges. One such<\/p>\n","protected":false},"author":50,"featured_media":96145,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,10353],"tags":[],"class_list":["post-96139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-jaiib","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Role of Technology Upgradation and its impact on Banks JAIIB<\/title>\n<meta name=\"description\" content=\"The role of technology upgradation and its impact on banks is part of the syllabus for the JAIIB exams. Read This Blog to Know about them!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/technology-upgradation-and-its-impact\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Role of Technology Upgradation and its impact on Banks JAIIB\" \/>\n<meta property=\"og:description\" content=\"The banking industry is the backbone of the Indian financial system, and it is beset by several challenges. 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