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Banking and finance are undergoing fast digital transformation, the replacement of legacy systems and novel tools for back-end and customer-facing tasks. The concept of a fully digital bank is one of the major paths envisioned for modern financial institutions. The term "digital bank" may sound familiar, although at present time there is no entity that has established itself as a fully digital banking operation. All banks employ a form of digital information handling, storage, and even automation. But digital banking is not equivalent to online banking, and goes beyond the tasks of an online payment platform.
What is Digital Banking?
Many businesses use the term "digital banking" in a loose manner, to make themselves stand out as...
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