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THE EVOLUTION OF DIGITAL BANKING: TRANSFORMING THE FINANCIAL LANDSCAPE

Ms. Geetanjali

Page No. : 80-90

ABSTRACT

No matter the country, the banking and financial sector is always going to be an extremely important part of any economy. The banking and financial sector’s capacity for effective operation and overall health are of critical importance to the development of the economy as a whole. The financial sector is one of the many that has seen the gradual emergence of digital technology as an essential component throughout the course of time. In recent years, banks and other financial institutions have shown a growing interest in adopting digital banking as an essential component of their day-to-day operations. This transition has sparked a revolution in their digital banking infrastructure, with large investments being made in workforce innovation, data utilisation, sophisticated analytics, and other key aspects of the business.

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