Data Communication Network and EFT Systems | PAPER II – PRINCIPLES & PRACTICES OF BANKING | MODULE C: BANKING TECHNOLOGY
Data Communication Networks and EFT Systems Data Communication Network and EFT Systems Data Communication Networks Data Communication Networks (DCNs) are vital for transferring data between devices, facilitating seamless communication in the banking sector. They enable communication for various financial operations like fund transfers, transactions, and more. Network Scenario in India: Major Networks In India, there are multiple communication networks, such as BSNL, Airtel, and Jio, which enable data transfer for banking and other financial services. These networks ensure secure, real-time communication between financial institutions and customers. Emerging Trends in Communication Networks for Banking With technological advancements, banking networks are shifting towards high-speed fiber optics and 5G connectivity, ensuring greater bandwidth and reduced latency for banking t...