Technology in Banking

Good day to you all.

It's another episode of the LeoFinance Zealy Campaign and today I am discussing
the tooic about DIGITAL BANKING.

First we need to have the basic knowledge of what a bank is. A bank
as a financial instutuon that provides us with financial services. and they are responsible
for payment system.

The main Function of banking systems are Deposits and taking loans.

Online Banking or Digital Banking means accessing banking features and services from the bank website though our phones and laptops while we are connected to the internet.

Advantages of Digital Banking

• Convience

• 24/7 banking

• Auto payment

• Paperless banking

Disadvantages of Digital banking

• Poor server

• Security risk

• Complexity

The world keep advancing with technology and thats one of the reason why we have to embrace technology in our ways.

Thanks for watching...

All images from pixabay.com