1 thought on “How did<br />Digital banking<br />helping<br />us<br />and fulfilling<br />our<br />economic<br />activities”
Answer:
Technology has caused the biggest shift in the banking sector in hundreds of years, changing the way that banks engage with customers and even with each other.
The shape of established retail banks especially is changing, spurred by the challenge from fast, focused digital new entrants who are chipping away at revenue streams.
If you are a banker, online shopper, a tech savvy person, or even a regular bank customer, you must have definitely heard the word “digital banking”.
Interestingly, most people have a different take on digital banking. There is a lot more to digital banking than just a few features that we can see on the surface.
In this article, I will outline all the features of Digital Banking you need to know.This includes activities like:
Answer:
Technology has caused the biggest shift in the banking sector in hundreds of years, changing the way that banks engage with customers and even with each other.
The shape of established retail banks especially is changing, spurred by the challenge from fast, focused digital new entrants who are chipping away at revenue streams.
If you are a banker, online shopper, a tech savvy person, or even a regular bank customer, you must have definitely heard the word “digital banking”.
Interestingly, most people have a different take on digital banking. There is a lot more to digital banking than just a few features that we can see on the surface.
In this article, I will outline all the features of Digital Banking you need to know.This includes activities like:
Money Deposits, withdrawals, and transfers
Checking/saving account management
Applying for financial products
Loan management
Bill pay
Account services
Digital banking: The Features
1. Online Banking
2. Personal Finance Planning
3. Mobile banking options
4. Unified Payment System (UPI)
5. Digital Wallet
6. Rewards and Loyalty Program(s)
7. Non-Internet Based Phone Banking
8. Digital Coupons and cash back
9. Automatic Bill Payments
10. Dedicated Remote Adviser