Online Banking
Online banking is a digital platform that allows users to perform financial transactions and manage their bank accounts over the internet, typically through websites or mobile apps. It provides services such as checking balances, transferring funds, paying bills, and applying for loans without visiting a physical branch. This technology enables 24/7 access to banking functions, enhancing convenience and efficiency for customers.
Developers should learn about online banking platforms to build or integrate financial applications, such as mobile banking apps, payment gateways, or personal finance tools, which require secure handling of sensitive data and compliance with financial regulations. It is essential for roles in fintech, e-commerce, or any project involving digital transactions, as it involves APIs, encryption, and user authentication to ensure security and reliability.