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Essay On Digital Banking

1187 Words5 Pages

'Tsunami' Digital Banking

Digital Banking is a service creation and interaction from end to end for the digital consumer who seamlessly widen the channel. The term of the digital banking, obviously can not be seen as a mere product. However, it should be seen as a transformation of the bank into a new form that will be dominant in the future.

One trend that was sweeping the world today is the digitization in the bank sector as a means of payment. Widespread use of the Internet has brought the world to the next phase of progress. According to global data, over the last five years, Internet users soar to 128 percent. There are currently almost no joints life untouched Internet, including banking. And it is this which encourage the digitization tsunami in the banking sector. The first wave of digitization of the world occurred in …show more content…

For the last two-three years, the use of the Internet, which supported the presence of smartphones already ambushed almost all walks of life: air ticket booking, buy books or music, buy goods wholesale or retail, to transportation. Banking in Indonesia since the 2000s have started to adopt technological advances over the Internet by providing services that facilitate transactions and business customers. At that time, the term began to be heard and Internet banking, online banking is now the term began to frequently introduced.
Despite a wave of digitization bank continues to grow, but not as has happened in developed countries, the number of branches in Indonesia instead continue to increase, in at least the last five years. Based on data from the Indonesian Banking Statistics, in 2015, 8383 branches become more than the amount in 2011. The government-owned regional bank regions and even doubling the number of branches throughout the years 2011-2015. Foreign banks are the only group of banks that reduce the number of offices during that period in

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