Companies in the Global Digital Banking market Resorting to Product Innovation to Stay Ahead in the Game
What is Digital Banking? Digital banking is a commonly used expression, but it is an idea that is often mistaken. Digital banking involves the integration of every phase in banking that goes far beyond web or mobile banking. Full digitization of banks and all of their operations, services, and roles imply digital banking. To boost customer experience, digital Banking depends on Big Data, analyzes and integrates all new technologies. Online banking presents both customers and staff with a complete transformation to an online world that is frontend and backend. It's not just digitization of your services and products (the front end), but also process management (the back end) and the relation of these processes together to middleware. What is the difference between Digital banking and Online banking? Online banking is known as electronic transactions that use the internet as a gateway. Whilst online banking restricts you to what the banks offer, such as NEFT transactions, automate