Consider the way that you use financial services and the way in which you embrace technology. Have you any preferences of continuing to use paper-based systems? If yes, Why?
No, I don't have any preference for using any paper based systems.
Explanation:
The reason why I don't have any preference for paper based system is as under:
It is time to embrace technological advancements and managing our financial records using softwares, fintech technology and accounting softwares has made the record keeping much easier than before.
The biometric technology can help in authenticating the records and physical presence can also be authenticated via a video of the person using the biometric system. This has enabled the companies to lower its paper usage significantly and now, we can rely on a new green technology that would resolve our numerous issues along with deforestation.
Other factors are Editing issues, cost of transporting data, ethical trading, Accuracy of record keeping, Correction traceable, Cost of managing information, etc.
