SteemAlive Presents: ProWritersHub (W4) -Technology in our lives-banking services inhanced by modern technology by @osiola.
Hello everyone.
the world we are now leaving isn’t about hard working is about how smart you are and hard work does bring food into the table but smartness will bring food to the table and I will like to thank @steemalive for giving us this contest this week.
All the things we were taught was impossible to exist in this world the power of technology has made it possible and if not because of technology almost all the modern things we have today won’t exist in this world.
But many people still believe technology has destroyed the world as a whole but for me, technology transform the world.
How do people save money before the invention of banking technologies?
People were having the way there used to save their money but there were always in
In trouble, because thief used to come to their houses to steal them but when your money is in the bank you are always saved and this is the ways people used to save their money.
- During those time they didn’t have money but they were blessed with natural resources from God and their form of money was in the form of diamonds, cattle, Gold, etc most of them used to bury their properties inside their farmland so when they were about to die they will tell the one who was closer to them to go this portion of their farmland and dig this portion he or she will find those properties under there and so they used to bury their money.
During those eras, because there was no bank at that time when they sell their goats, sheep, etc they used to save their money inside their room by they will find material and putting it inside.
During those, they used to give their money to their trust person or their wives to keep them money for them.
What are some banking services that technology has made possible?
technology has played an important role in banking services and it has helped by saving people from being stolen because when you saved your money like they used to save on those day you are in big danger.
giving people loans: people have plans to do business but they don’t have the capital to start the business most people are having business and they need capital to explain their business and so if they are facing problems like that they will go to the bank for the loans and before they will be able to take the loan they have to bring their properties as collateral just in case he or she isn’t able to pay the loans on time they will take the properties he or she used us collateral so banking services play an important role for the growth of the business.
Saving: banking services are open to everyone and we have a lot of banking services in the world you can choose any bank you want to be making your transactions with and before you can be able to make transactions with the bank you want with you have to open a bank account then you can deposit any amount of your own choice into your bank account and the longer the money keeps inside the bank the more you money will start to increase and technology has play an important role in the banking services but when you put your money inside your room you won’t be getting any interest but when you saved inside the bank you will be getting interested at the end of the month.
the use of ATM: before you created your bank account and deposit money into your account and you want to withdraw money from your account you, they will give a card called a debit or ATM Card and you don’t have to join a line before your time will reached before you can be able to make a withdrawal, you put the card into the machine and you press the amount you wants to withdraw and enter your password.
What are some problems that banking technology has created?
Network: when their internet network is down they can’t work on any transactions till it is solved before they can be able to work it again.
online fraud: they are so many people online stealing people’s money from the bank and this is something they need to work on so that those people can’t get in contact with people's money.
Suggest ways of solving these problems created by banking technology
they should treat each consumer equally because when a rich man and a poor man go to the bank to make transactions and the poor man comes first they will leave the poor man and serve the rich man before they will serve the poor man so they should treat everyone equally.
they should make people's bank accounts look like blockchain so that it will be difficult for online fraudsters to hack into people's money.
they should lower their charger when making transactions because it is too costly to make transactions as compared to others.
they should work with their network.
Are you satisfied with how your bank is performing as regards technology services? Be detailed
Every day can’t be your day some days will be good and some days too will be bad.
The name of my bank is fidelity bank and is one of the best because when you want to withdraw money from your bank account you don’t have to bank to make the withdrawal you can sit at your house and withdraw your money by downloading the app of the bank and connect with your mobile money then you are free to make your withdraw and so my bank is one of the best banks in west Africa.
technology has played an important role in bringing banking services into the system and it has helped us all by saving our money and it prevents thieves from stealing our assets all thanks to technology and I will like to invite @rubilu123 @chenty @tymestwo77 to participate in this contest.
Banks have problems of service and sometimes fraud.
I guess you got it right because I have also had experience of this.
Thanks for passing by
Okay dear.
Yes no doubt scammers are also increased due to Technology we should take care of ourselves to save ourselves from the fraudulent
Technology have make banking very easy. Do you know that for almost a year now, i have not be in quew to withdraw money ir to pay in money, either i use my app or i use close pos for transaction.
Thank you for outlining other things that technology has done
Checking the rules
Checking Post Quality
Thank you so much.
Technology has helped not only bank sectors but almost all the industries company to go along way
technology has really helps to make everything look so simple
Technology transformed the world in an actual sense especially on the side of banking but in part, made it easier for thiefs to penetrate into someone's account. Even bankers nowadays have turn to digital arm rubbers. They keeps on withdrawing someone's money bit by bit. May God help us.
So the banks should make people account look like a blockchain so that it will be difficult for someone to hack into your account and thank you for passing by
Your on point. I wish they can because, the rate of secret rubbery going on inside banks nowadays surpassed.
Yeah it's true, one major problem banks should tackle is their network
It sometimes pose a threat in cases of emergency
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I agree with you bro, technology is really a blessing to us.
Technology has great impact on not only banking but other fields of life its becomes tha basic need of every field
Serious facts you have here without technology it would have been serious , rounded stressful lifestyle for all available field include banking system . Cause ways people did get their money saved was not mainly secure enough. Thank you for sharing.
I know technology has caused harm to some of us, but technology is very important for all.