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Articles
23 Nov 2023
The Evolution of Digital Banking
Banking is one of the oldest trades in history dating back to the fourteenth century in the terrains of Renaissance Italy. From depositing produce, precious stones, and other valuables, the core of banking has revolved around deposit mobilization and lending. With passage of time, change has pushed Banks to stretch their operational model to performing other financial services beyond the historic traditional banking. Alignment with dynamic customer demands, cost optimization, regulatory shifts, and the need to build sustainable business models are some of the chief drivers to the major changes in the banking industry.