Digital Banking
Delivering banking services electronically, reducing need for physical branches.
Detailed Description
Digital Banking
What are the main features of digital banking?
The main features include 24/7 accessibility, user-friendly interfaces, real-time transactions, integrated financial tools, and enhanced security measures.
What types of digital banking exist?
Types of digital banking include online banking, mobile banking, neobanks, digital wallets, and cryptocurrency banks.
What are some benefits of digital banking?
Benefits include convenience, cost efficiency, faster transactions, personalized services, and a reduced environmental impact.
What challenges does digital banking face?
Challenges include cybersecurity threats, technology dependence, regulatory compliance, and customer trust issues.
How does digital banking compare to traditional banking?
Digital banking operates entirely online with lower fees and faster services, while traditional banking relies on physical branches and in-person interactions.