{"id":9308,"date":"2020-09-29T11:35:25","date_gmt":"2020-09-29T11:35:25","guid":{"rendered":"https:\/\/newver.innotech-vn.com\/?p=9308"},"modified":"2020-09-29T11:36:08","modified_gmt":"2020-09-29T11:36:08","slug":"all-the-features-of-digital-banking-you-must-have","status":"publish","type":"post","link":"https:\/\/newver.innotech-vn.com\/vie\/all-the-features-of-digital-banking-you-must-have\/","title":{"rendered":"All the features of Digital Banking you must have"},"content":{"rendered":"

Technology has caused the biggest shift in the banking sector in hundreds of years, changing the way that banks engage with customers.<\/span><\/p>\n

For traditional banks, going digital is no longer an option, but rather, an imperative for them to survive and stay at the forefront of the financial market. They leverage technologies to deliver banking products across all its delivery channels.<\/span><\/p>\n

There is a lot more to digital banking than just a few features that we can see on the surface. In this article, Innotech Vietnam will outline all the features of Digital Banking<\/strong><\/a> you must have.<\/span><\/p>\n

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Benefits of digital banking<\/strong><\/h2>\n

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\"Features Features of digital banking bring a lot of advantages for the users and banking institutions<\/em><\/p>\n

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Creating Value for Customers<\/strong><\/h3>\n

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Prominent customer experience should always remain the main focus of digital banks, within their digital transformation strategy, to constantly achieve customer loyalty. With so much data on customers\u2019 buying and spending habits, digital banks would be able to leverage this data by developing some meaningful insights through predictive analytics. This would help banks develop personalized and tailored offers that would be crucial in maintaining a deepened relationship with customers.<\/span><\/p>\n

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Exists in the competitive market<\/strong><\/h3>\n

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Banks need to constantly be up-to-date with new market changes, technologies, and laws, which requires them to be adaptive and agile in order to do so. Agility would allow them to differentiate themselves from their competition in their approach in delivering services that are targeted, personalized, and unique. These differentiators would include a scope focused on creating new value propositions that are integrated into customers\u2019 day-to-day lives, consortiums allowing access and availability to a wider range of products and offerings, and technologies that would enhance the banking experience. It would also enable banks in increasing their operational efficiencies as well as decreasing their decision-making time.<\/span><\/p>\n

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Ensuring Security<\/strong><\/h3>\n

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With the advancement in technology, banks have made it possible to expand their operations beyond their physical locations and working hours, making it more efficient for customers to access and use their accounts remotely. The increasing number of mobile internet users has impacted greater adoption of digital banking. However, such a seamless customer journey would call for vital security measures to prevent fraud and security breaches, as transactional volumes continue to grow.<\/span><\/p>\n

The importance of integrating biometric and fingerprinting devices, end-to-end encryptions, and two multi-factor authentications is to avoid customers from exploitations by cybercriminals. Digital Banks continuously look into new means of security measures to triumph over external threats.<\/span><\/p>\n

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Features of Digital Banking<\/strong><\/h2>\n

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Digital banking is the digitization of all traditional banking activities and programs that historically were only available to customers when physically inside of a bank branch. Digital banking has offered many comfortable features and possibilities to people. There are features of digital banking must have:<\/span><\/p>\n

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Digital banking should have many comfortable features and possibilities for users<\/span><\/i><\/p>\n

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Online Banking<\/strong><\/h3>\n

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To facilitate online use, most banks that offer online banking provide a host of high quality, technological solutions that make your banking experience easy and fast. The<\/span> online banking development<\/span><\/a> provides users banking services anytime and anywhere include:<\/span><\/p>\n