Profinch Solutions Interview Questions, Process, and Tips

React Hooks are functions that let you use state and other React features without writing a class.

• React Hooks were introduced in React 16.8.

• They allow you to use state and other React features in functional components.

• Some commonly used React Hooks are useState, useEffect, useContext, etc.

• Hooks are used to manage component state and side effects in functional components.

• Example: useState hook allows you to add state to

Digital transformation, AI, cybersecurity, customer experience, open banking

• Increased focus on digital transformation to enhance customer experience

• Adoption of AI and machine learning for personalized services and fraud detection

• Growing importance of cybersecurity to protect sensitive customer data

• Shift towards open banking to promote collaboration and innovation

• Rise of fintech companies challenging traditional banks

Recent banking trends include digital transformation, fintech partnerships, and personalized customer experiences.

• Increased focus on digital transformation to improve efficiency and customer experience

• Growing trend of partnerships with fintech companies to enhance services and offerings

• Shift towards personalized customer experiences through data analytics and AI

• Rise of mobile banking and contactless payments

• Emphasis on