If technological revolution is at its peak, One of the notable sectors of the economy where technology is at it helm of affairs with respect to customer service is BANKING. Over the years has banking transcended from a traditional brick-and mortar model of customers queuing for services in the banks to modern day banking where banks can reach at any point for their services. In today’s business, technology has been on the predominant indicators of growth and competitiveness. Entry of new banks resulted in a paradigm shift in the ways of banking. The banking industry today is in the midst of an IT revolution. The combination of regulatory and competitive reasons have led to increasing importance of total banking automation in the banking Industry. . Information Technology has basically been used under two different avenues in banking. One is Communication and Connectivity and other is Business Process Reengineering, both basically focusing on increasing its customer reach. Information technology enables sophisticated product development, better market infrastructure, implementation of reliable techniques for control of risks and helps the financial intermediaries to reach geographically distant and diversified markets The latest revolution seems to happen with respect to mobile banking an attempt to leverage on the synergies of mobile banking technology in telecom and information technology in the banking services.Today, Banks have welcomed wireless and mobile technology into their boardroom to offer their customers the freedom of paying bills, planning payments while stuck in traffic jams, to receive updates on the various marketing efforts while present at a party to provide more personal and intimate relationships. Mobile banking can be classified as Push vs. Pull and Transaction vs. Enquiry that is briefly given below:
o Push Based
o Pull Based