Digital Transformation in the Banking Industry

Description

Digital Transformation in the Banking Industry provides a timely and multidimensional examination of the profound changes reshaping banking in India[cite: 7]. Moving beyond a narrow focus on technology adoption, the volume explores digital transformation as a broader strategic, institutional, regulatory, and societal phenomenon[cite: 7]. Bringing together perspectives from academics and experienced banking and financial-sector professionals, the monograph examines the evolution of digital banking, bank-FinTech partnerships, platform-based business models, digital public infrastructure, digital payments, cybersecurity and cyber fraud, digital literacy, financial inclusion, and last-mile service delivery[cite: 7]. It also highlights the wider socioeconomic consequences of digital banking and the opportunities and vulnerabilities accompanying the transition towards an increasingly digital financial ecosystem[cite: 7]. The monograph emerged from a research project supported under the Scheme for Promotion of Academic and Research Collaboration (SPARC), Government of India, and combines scholarly insights with practical perspectives, making it valuable to researchers, students, banking and FinTech professionals, policymakers, regulators, and anyone seeking to understand the opportunities, challenges, and future trajectory of digital transformation in banking[cite: 7].