Banking
Banking refers to the system and industry that provides financial services such as accepting deposits, lending money, facilitating payments, and managing investments. It encompasses traditional retail and commercial banking, investment banking, and modern digital banking platforms. This concept is fundamental to the global economy, enabling transactions, credit, and financial stability.
Developers should learn about banking to build applications for financial technology (fintech), such as payment gateways, mobile banking apps, or fraud detection systems. Understanding banking concepts is crucial when working with APIs for transactions, compliance with regulations like KYC and AML, or integrating with banking infrastructure for services like direct deposits or loan processing.