<h1>Tech Revolution Reshapes Banking: Embrace IT, Meet Customer Demands, Tackle Cybersecurity, and Compete with Non-Banks.</h1> The financial sector is undergoing a significant transformation driven by technology, especially in banking. The adoption of information technology since the 1960s has revolutionized banking operations and customer interactions. Innovations like mobile and internet banking have eliminated barriers of time and distance, enhancing service delivery. Future banking will face challenges from increased customer demands and competition, particularly from non-banking entities. Key trends include customer-centric products, competition, and technological advancements. Issues like financial inclusion, data integrity, transaction costs, and cybersecurity are crucial. Banks must align IT with business goals, manage outsourcing effectively, and embrace cloud computing cautiously.