A digital banking solution offered by financial institutions allows customers to manage their accounts and conduct financial transactions remotely using a smartphone or tablet. Such applications typically provide features like balance checks, funds transfers, bill payments, and transaction history viewing.
The advent of these applications has revolutionized personal banking, offering unprecedented convenience and accessibility. Users benefit from the ability to conduct financial activities from any location with an internet connection, eliminating the need for physical branch visits. This has led to increased efficiency, reduced costs for both banks and customers, and greater control over personal finances. The history of these applications is intertwined with the evolution of mobile technology and the growing demand for digital financial services.
