DIGITAL BANKING AND NEOBANKS

Abstract

Digital banking and neobanks deliver branchless fiscal services through digital platforms, enhancing availability and effectiveness for ultramodern commerce druggies. Digital banking automates traditional services via web and mobile platforms, enabling 24/7 access to accounts, transfers, payments, and investments without physical visits. Neobanks, as digital-first realities, offer analogous services through apps using AI and hookups, distributed into digital units, frontal- end models, and full- mound banks This chapter presents a structured overview of digital banking and neobanks, explaining their emergence, functioning, and growing importance in the modern financial system. It begins by introducing the concept of digital banking and outlining how traditional banking services have been transformed through online platforms and mobile applications. The next section discusses the key features and benefits of digital banking, including remote access, faster transactions, simplified onboarding, and continuous account monitoring.