INDUSTRIES

PROJECT
DONE BY: SIA PAI
Introduction
 WHAT IS THE IMPORTANCE OF THIS STUDY?

ANS) THIS STUDY HELPS US UNDERSTAND THE IMPORTANCE OF THE

BANKING TO THE SOCIETY AND HELPS US DIG DEEPER INTO WHAT
EXACTLY IS BANKING IS.
 WHAT IS THE BANKING INDUSTRY?

ANS) AN EASY WAY TO DEFINE THE BANKING INDUSTRY IS BY

SAYING THAT IT PROVIDES A FACILITY TO THOSE WHO HAVE MONEY
TO SAFELY STORE IT AND LOANING MONEY TO THOSE WHO NEED IT
 WHY IS IT AN IMPORTANT INDUSTRY?

ANS) WITHOUT BANKING AN ECONOMY WOULD LOSE ITS

FUNCTIONALITY AS THE PEOPLE OF THAT NATION WOULD NOT BE
ABLE TO SAVE MONEY, GROW THEIR MONEY, STORE MONEY, LOAN
MONEY TO THOSE WHO NEED IT AND PROVIDE FUNDS FOR
COMPANIES/BUSINESSES.
 BENEFITS OF THIS PROJECT

ANS) AS SAID AT THE STARTING OF THE PRESENTATION, THAT WITH

THE HELP OF THIS PROJECT WE CAN UNDERSTAND AND
ACKNOWLEDGE THE IMPORTANCE OF BANKING BUT IN ACTUALITY
IT WILL ALSO HELP US PREDICT THE EVOLUTION/FUTURE OF THIS
INDUSTRY AND THE MANY CHANGES YET TO COME
Method
INTERVIEW/SURVEY

Sia Industry
Interview
 ANALYSIS OF THE ANSWERS

ANS) OVERALL EACH ANSWER TO THE QUESTION TEACHES US

SOMETHING NEW ABOUT THE BANKING INDUSTRY: THE PRODUCTS
AND SERVICES IT PROVIDES, RESOURCES NEEDED FOR THIS
INDUSTRY, FUTURE PREDICTIONS, HOW BITCOINS ARE TAKING OVER,
THE COMPETITORS TO HSBC, TECHNOLOGICAL CHANGES AND MUCH
MORE.
Conclusion
 SUMMARY

ANS) THIS WHOLE PROJECT REALLY GAVE ME A COMPREHENSIVE

ANALYSIS ON HOW BANKING WORKS AND WHAT ARE THE KEY
POINTS IN BANKING. THUS, I ENJOYED THIS EXPERIENCE AND THE
INTERVIEW/SURVEY TAUGHT ME MORE THAN WHAT I EVER KNEW
ABOUT BANKING.
 KEY POINTS
• IN THEORY LOW INTEREST RATES GOOD FOR CUSTOMERS, HIGH INTEREST RATES
ARE GOOD FOR THE BANK/LENDER
• COMING TO PHYSICAL BANKS IS BECOMING EXTINCT BECAUSE OF ONLINE
BANKING
• BANKING IS BASED ON THE CUSTOMERS, NO CUSTOMERS, NO BANKING
• SAFETY AND SECURITY ARE SOME OF THE MOST VITAL FEATURES OF A BANK
• THERE ARE MANY COMPETITORS TO A SPECIFIC BANK, MAY IT BE LOCAL OR
INTERNATIONAL
• MOST BANKS FOLLOW A SET OF RULES AND REGULATIONS AND THE ONLY WAY
THEY CAN DIFFER FROM EACH OTHER IS BY THE INTEREST RATE THEY GIVE
 PREDICTION

ANS) MY PREDICTION FOR THE BANKING INDUSTRY IS THAT IT IS

SOON GOING TO BE EXTINCT OR OUTDATED AS CRYPTOCURRENCY IS
EVOLVING, AND SOON ONLY ONLINE BANKING IS GOING TO TAKE
PLACE AND PHYSICAL ATM’S (AUTOMATIC TELLER MACHINE) WILL
BE OLD FASHIONED
 RESOURCES

• INTERVIEW QUESTIONS ON THE LINK DOWN BELOW

• HTTPS://
DOCS.GOOGLE.COM/DOCUMENT/D/1UT4YTHWS-1ON10EZVOCCIM9D0NJKBQGRUA
BTDTATMP4/ED
• INTERVIEW SHEETS ALREADY MENTIONED
THANK YOU FOR SPENDING YOUR
PRECIOUS TIME TO VIEW THIS
PRESENTATION!