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Adarsh Credit Co-Operative Society shares its Reviews on how

Digitalization has changed the face of financial sector

With the advent of technology, digitalization has been integrated into our everyday life. And
the financial industry is no exception to this. Scrawling the news channel and as we all know,
demonetization has brought about a change in Indian economy and Mukesh Modis Adarsh
Credit Co-operative Society has helped the masses in the current scenario through many
ways.

Digitalization and its effects on the financial sector

The financial industry has witnessed a drastic alteration in its mode of functioning; now a day
the industry is more reliant on technology. Consumers no longer are required to stand in
queues or visit the outlets to get their choresdone; all that is required to do is register on
respective institutions website or mobile application.

Post demonetization, Indian economy has seen a radical change; even a local trader has
started using the digital platform for their business transaction. Adarsh Credit Co-Operative
Society(ACCS) being the pioneer in the co-operative sector has initiated the practice of
technology at a great extent.

Taking into account the concerns regarding obtaining cash easily, Adarsh Credit Co-operative
Society Ltd. took an exemplary step. It launched a mobile application Adarsh Money
promoting the usage of digital money. This flagged a new terrain for other co-operatives and
financial institutions.ACCS is constantly embracing the practice of new age technology for
all modes of transaction with lan. The mobile application enables its user to accomplish all
types of transaction which otherwise would have been possible only by visiting the branch of
the society. The impact of enrolling for such technology will benefit around fifteen lakh
people as on January, 2017 who are steadfastly associated with Adarsh Credit Co-operative
Society.

In addition to this, Adarsh Credit Co-operative Society has envisioned promoting

digitalization in the financial sector with its digital registration form that enables the user to
become a member of ACCS digitally with just a touch of their smart phone. Honourable Mr.
Rahul Modi, Managing Director and Chief Executive Officer of Adarsh Credit Co-operative
Society with passion for technology driven approach has metamorphosed the way
organization use to function. Various CSR drives are also undertaken that will assist people to
enrich the progressive revolution in the financial sector.