Write about the banking industry, particularly digital banking. Banking on the Internet This means that all banking activities are available online via the digital platform. Banks using digital technologies save time, reduce operating costs and optimize monitoring, risk management and control methods. Eliminating all paperwork such as cheques, pay-in slips, Demand Drafts, and so on. Offering a real-time transaction alerts, digital wallets (cardless/checkless payment systems), person-to-person payments, remote deposit, and more financial management tools.
Explain the competitive analysis by applying the six forces, concentrate on the competition from industry rivals, bargaining power of consumers, and the threat of substitute products being able to offer products and services in the market with improved quality
The empact of the external analysis
