Digital Banking Revolution and Financial Innovation

Digital banking refers to a type of banking conducted through digital platforms, which eliminates the need of any paperwork such as demand drafts, cheques, or pay-in slips. It entails the digitization of maximum number of traditional banking operations, products, and procedures in order to serve consumers through online channels. The development of new products, services, financial instruments, markets, and institutions is referred to as financial innovation. Lately, varieties of financial ...