INNOVATIONS AS A KEY TO SUCCESS IN MODERN BANKING

Banking sector welcomes large scope for innovations in terms process, marketing and relationship management. To gain competitive advantage over the competing banks, a bank can survive and sustain with innovative way of processing, approaching and managing. Open banking, phygitive delivery, block chains, robot advising, payments anywhere, mobile and internet banking and other more innovations in the banking sector help the banks to achieve success. This paper aims to observe the needs, types, and ways of innovations in the path of a bank's succes