Industrial Research World

  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

The global digital banking market size is projected to grow at a CAGR of 8.9% by generating a revenue of $1,610.0 billion by 2027. The global digital banking market has seen major growth, owing to increasing utilization of mobile phones, tablets, and online banking platforms. In addition, due to constantly rising internet penetration and digitally literate population is expected to drive the growth of the global digital banking market. A large number of players are increasing their business around the globe, due to enhanced effective operations, the increased customer base and product portfolios, and extended geographical area. This is projected to strengthen the demand for the digital banking during the forecast period. The cost and the user friendliness of digital banking and increased use of electronic devices and easy adoption to the internet facilities are the digital banking market drivers in the estimated period. The technical development in the integration of blockchain is an a