Digital Banking in Pakistan
Digital Banking is a group of services which are transferred over the World Wide Web giving both the banks and the costumers, a better experience than manual or traditional banking.Now banks in Pakistan are also using the concept of Digital Banking . Online Banking provides different types of banking services such as balance inquiry,money transfer, product purchasing and many more.
As an end-to-end platform, digital banking must encompass the front end that consumers see, the back end that bankers see through their servers and admin control panels and the middleware that connects these nodes. Ultimately, a digital bank should facilitate all functional levels of banking on all service delivery platforms. In other words, it should have all the same functions as a head office, branch office, online service, bank cards, ATM and point of sale machines.
The reason digital banking is more than just a mobile or online platform is that it includes middleware solutions. Middleware is software that bridges operating systems or databases with other applications. Financial industry departments such as risk management, product development and marketing must also be included in the middle and back end to truly be considered a complete digital bank. Financial institutions must be at the forefront of the latest technology to ensure security and compliance with government regulations.
Pakistan still lag behind other countries in embracing Digital Banking. Max Strategy promotes internet banking and arrange different related events to give Digital Banking insights to the people all over Pakistan.You can register here for Internet banking events.