Banking Industry (Noun)
Meaning
Banks collectively.
Classification
Nouns denoting groupings of people or objects.
Examples
- The development of digital payment systems has drastically changed the way the banking industry operates.
- Regulatory bodies have been working closely with the banking industry to implement more stringent security measures.
- The banking industry has seen significant consolidation in recent years, with smaller banks being acquired by larger ones.
- Experts predict that emerging technologies will continue to disrupt the banking industry in the coming years.
- Despite being heavily regulated, the banking industry still manages to innovate and adapt to changing consumer needs.