Digital World and the Banking Industry

Digital world and the banking industry have both worked hand in hand with each other. While the developments in technology have made banking more easier and simpler there have been various cons in shifting banking to the computers and cloud storage.

The most recent development in the banking industry that will effect it in a huge way is the development of various mobile payment and digital wallet services namely Apple Pay etc using near field communication technologies. Though this may not have immediate effects on the banking industry but in the long run digital wallets are soon to replace the good old credit and debit cars. Apple has already tied up with companies American Express, American Express, Bank of America, Barclay card etc. The customers have received this technology in a positive manner and have said to be hassle free and the technology viable.

The implications of this development on finance in immense. It will affect large as well as small banks. though it may be good news for big banks, small regional banks may miss out on providing users with these services immediately. Big banks will loose out on a small part of their revenue due to tie ups but cases of fraud will be reduced

Thus it will affect the way transaction occurs and it will hit the finance industry in a big way which is largely positive

An organisation offers mutual benefit to both its employees and to itself. The relationship that exists between the company and the employee is very crucial for the progress of both. Company Values for me refers to the selfless interest of the employees in the development and progress of the company. Several attributes would result in the true deliverance to the meaning of company values namely honesty, punctuality, service, care, competency etc. Every individual who wishes to serve Barclays in any position needs top deliver both to the company and to himself. The self satisfaction that an individual should be acquainted to when the company succeeds and vice versa reflects the true meaning of company values. The world has seen a number of organisation come up every year but out of these only a few survive in the long run. This is because an integral part of an organisation is the Human Resource of a particular company and the company values they possess. Organisation may fall or succeed on the basis of the personal values of its employees. Such is the power of company values. In a world of perfect competition where every organisation demands the very best, it is the ways in which an individual can delve himself as per the company values that can convert the demands of the company into usable supply and services. Today, its not just enough to know the "Law of Diminishing marginal utility" or a few mathematical formula. The company demands for values which will help individuals and companies to accompany each other in growth and prosperity.