Banking services that increasingly rest on technology and communication system is popularly known as _________.
Banking services that increasingly rest on technology and communication system is popularly known as Hi-tech banking.
Hi-tech banking, also known as digital banking or online banking, refers to banking services that rely heavily on technology and communication systems.
Hi-tech banking has become increasingly popular in recent years as more and more customers have come to expect convenient, secure, and fast banking services that are available anytime, anywhere.
Hi-tech banking can include services such as online banking, mobile banking, automated teller machines (ATMs), electronic fund transfers, and other digital financial services that allow customers to access their accounts, make transactions, and manage their finances remotely, without the need for in-person interactions with bank staff.