Digital Banking
Digital banking is a platform that enables customers to conduct financial transactions and access banking services entirely online or through mobile applications, without visiting physical branches. It encompasses services like account management, payments, transfers, loans, and investments, leveraging technologies such as APIs, cloud computing, and cybersecurity to deliver seamless, 24/7 access. This modern approach transforms traditional banking by prioritizing user experience, automation, and data-driven insights.
Developers should learn digital banking to build and maintain secure, scalable financial applications that meet regulatory standards and user demands for convenience. It is essential for roles in fintech, banking institutions, or startups focusing on payment systems, mobile banking apps, or financial APIs, where skills in compliance (e.g., PSD2, GDPR), real-time processing, and fraud detection are critical. Use cases include developing customer-facing apps, integrating with third-party services via open banking APIs, or enhancing backend systems for transaction processing.