IBANK -THE FUTURE OF THE ONLINE BANKING

Abstract

The bank industry has changed a lot in recent years thanks to the growth of FinTech. The internet has revolutionized the way we do banking. Online banking allows customers to bank from anywhere at any time. It is fast, convenient and secure. FinTech companies have created new, better ways to provide banking services and products to consumers and businesses. This state has forced traditional banks to change the way they operate in order to stay competitive. IBank is the future of online banking. It is an intelligent system that provides personalized recommendations and advice based on your unique financial situation. IBank makes online banking easier and more efficient. For Generation X, the traditional way of delivering products and services from banks to customers (consumers) is through a single distribution channel, which is a physical visit to the bank branches. But generational change also implies challenges to the demands of new generations. Applying FinTech to the banking industry from an innovation and customer selection industry has grown into one of the factors for the survival of a specific bank. The subject of research in this paper is the application of technology in the banking industry as well as the influence of the fintech industry in that process, complemented by an analysis of acceptance by end users, individuals and legal entities. The same compared to the conditions and processes in RNM.