Banking Law And Technological Innovation: Regulatory Challenges, Digital Transformation And The Future Of Financial Governance

Written by: M. Nithya Sri, B.A.L.L.B (3^rd Year), Dhanalakshmi Srinivasan University

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R. V. Shalini, B. A.L.L.B (3^rd Year), Dhanalakshmi Srinivasan University

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K. Anu, B. A.L.L.B (3^rd Year), Dhanalakshmi Srinivasan University

Abstract

The banking sector is a key part of any country's economy. How well it develops depends on the services it offers to its customers. With changing customer needs, banks are constantly improving their services to stay competitive. The banking industry has seen major changes because of new technologies like ATMs, debit cards, credit cards, check truncation systems, NEFT, RTGS, mobile banking, internet banking, and cash deposit machines. Just like technology has advanced in other areas, the banking sector has also evolved. In India, new products and services have been introduced to meet the growing needs of customers. We will look at all the changes that have taken place in the banking industry. These innovative products help to strengthen the country's economy.

Keywords: Banking Law, Financial Innovation, Digital Banking, Fintech Regulation, Cryptocurrency Law, Open Banking, PSD2, RBI Regulation, Digital Lending, Algorithmic Governance, RegTech, ESG Banking, Blockchain, Financial Inclusion, Cybersecurity Compliance

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