From the course: Digital Banking Fundamentals
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What is digital banking?
From the course: Digital Banking Fundamentals
What is digital banking?
- [Instructor] This module will begin with a definition of digital banking, explore its different channels, and discuss the importance of digital banking. We will also briefly discuss FinTech and its integration with digital banking. Digital banking is dissimilar from online banking in that digital banking is a broad term referring to the new digital advances in the space of banking. Online banking is more specific to using a bank's web-based services. Digital banking refers to the use of electronic channels, technology, and platforms to provide and access various financial services and products. It enables customers to conduct banking activities and transactions remotely without the need to visit a physical branch. In brief, customers do not have to visit a brick-and-mortar location. Digital banking encompasses a wide range of services, including online banking, digital payment solutions, mobile banking apps, electronic fund transfers, and more. It leverages technologies, such as the…
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