Report on Wireless Technology in African Banking Released.

A comprehensive report on prospects of Wireless technology in Banking has been released by Net4Nuts. The report is authored by Mr. Deepak Pareek, who is a globally renowned expert on Financial Technology. The report Wireless Technology: A Prescription for Banking in Africa" is an effort to enhance the understanding of African Financial sector. The theme of the report is to provide a clear case for use of Wireless Technologies in Banking and Financial Sector.

Nairobi, Kenya

A comprehensive report on prospects of Wireless technology in Banking has been released by Net4Nuts. The report is authored by Mr. Deepak Pareek, who is a globally renowned expert on Financial Technology. The report Wireless Technology: A Prescription for Banking in Africa" is an effort to enhance the understanding of African Financial sector. The theme of the report is to provide a clear case for use of Wireless Technologies in Banking and Financial Sector.

The explosive growth of both the Internet and mobile and wireless technology is revolutionizing the way the financial industry conducts business. This trend has created new competitive threats as well as new customer opportunities. Banks and other Traditional Financial institutions are finding new ways to add value to their products and services, gain competitive advantage, and increase customer loyalty while also attracting new, high-value clients. Think of the possibilities that mobile and wireless technology offers to Banks customers. From the freedom of paying bills while stuck in traffic, to receiving notification of a change in interest rates while having lunch, the convenience and time saving benefits of mobile and wireless banking and financial services are huge. The challenge, then, is how to turn these possibilities into a reality for your customers, to provide solutions that enable anywhere, anytime access to financial information and applications. Report layouts a Technology Road Map for Banking System in Africa.

In recent years, the banking industry has been undergoing rapid changes, reflecting a number of underlying developments. Internet, wireless technology and global straight-through processing have created a paradigm shift in the banking industry - from brick-and-mortar banks to banking virtually across time zones, geographical locations, access points and delivery channels. The most significant has been advances in communication and information technology, which have accelerated and broadened the dissemination of financial information while lowering the costs of many financial activities. A second key impetus for change has been the increasing competition among a broad range of local and global institutions in providing banking and related financial services. Third, financial activity has become larger relative to overall economic activity in most economies. This has meant that any disruption of the financial markets or financial infrastructure has broader economic ramifications than might have been the case previously. Mobility is truly revolutionizing the way organizations work, and is increasingly viewed as a critical factor. With the availability of convergence, a concentration of computer power in a variety of devices such as laptops, dashboard computers, mobile phones and personal digital assistants has led to an explosion in mobility and therefore -- higher productivity levels. Mobile technologies allow users to be easily accessible, and allow them to access information and services regardless of location, time or the device that they are using. This report is written specifically for Bankers and Technology Companies having interest in Banking and Financial Domain. It caters to need of strategists on one hand and technologist on other. Report caters to need of strategists on one hand and technologist on other. The report provides a complete picture in regional as well as global perspective.

For more information on report email finatech@india.com