Question

    The integration of savings, demat, and trading accounts

    into a unified platform via Karnataka Bank ’ s partnership with FISDOM represents a strategic enhancement in banking technology . What is the primary advantage of this integration for customers?
    A It increases the interest rates applicable to savings accounts due to enhanced service offerings. Correct Answer Incorrect Answer
    B It provides customers with streamlined access to multiple financial services, thereby improving operational efficiency and user experience Correct Answer Incorrect Answer
    C It exclusively enhances the bank's capacity to handle international transactions Correct Answer Incorrect Answer
    D It introduces blockchain technology to the everyday banking transactions of customers Correct Answer Incorrect Answer
    E It allows customers to participate in the governance of financial regulatory policies. Correct Answer Incorrect Answer

    Solution

    The primary advantage of integrating these accounts is to provide streamlined access to various financial services through a single platform, thereby significantly improving operational efficiency and user experience .

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