Technology has changed the world and peoples mind because technology has taught us many things through which we can take out the mistakes in the banking easily. Those people who do not know about the banking system and bugs, they lose their money. However, through the technology people has become very sharp and can understand what sorts of errors comes and how they can solve it. If you glance few years back, then it was not possible for the people to take out money from anywhere in the world from the ATM machine. The technology has liberated the customers and made them able to do one link transaction around the world.
In the past, when you have to take out the money from the bank, then you are required to show the check along with the ID card so that the banker could recognize your signature and other formulates use to happen. But now, you do not need to show your entire document just for taking out your money from the bank. Online banking has made the people live very easy and liberate as well. Now all the transaction records remain in the computer that you can take out via bank statement. You are getting a discount, pure checks you most likely got significantly less than you needed to get.
In the past, there was not any concept of the bank statement for an individual because there was not any computer technology through which they could take out the statement. The employee of the bank used to maintain the register for recording the transaction and through those registers all the balance sheet and other bank statement used to make. It was very complicated for the banker to find out the errors in the transaction and it was very easy for the bank employee for stealing the money from the bank because there wasn’t any recording behind any transaction that could prove the fault of the employee or customer, it was the bad banking that has been changed after the development in the technology.
Due to the online banking, now people can transfer money from one place to another place easily. Everyone now keeps the online banking account through which they do transaction and all the transaction recording happens in the bank database, through which the bank can provide the monthly or weekly status to the customers. Now the customers have been liberate regarding the banking and they know right and wrong thing. In future the banking will become more handy and easy for the people because the technology is getting developed more and more creating easiness in the life of people.
The banking system was developed because people used to face problem while running the business around the world. Thus, the banking system made it possible for the people to do a big transaction without any fear of losing money because the bank used to take the responsibility of all the money. However, the system developed gradually and now available in the current condition through which people are flourishing their business around the world.