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Digital Banking Market Overview
The digital banking market is transforming the global financial landscape by offering technology-driven banking services that provide convenience, speed, and accessibility to consumers and businesses alike. Digital banking encompasses all financial services delivered through digital platforms, including mobile apps, web portals, and APIs, allowing customers to perform banking activities without visiting physical branches.
As financial institutions embrace digital transformation, the market is evolving rapidly — blending traditional banking principles with modern technologies such as artificial intelligence (AI), blockchain, cloud computing, and data analytics. The result is a new era of personalized, secure, and always-on financial services that cater to the expectations of tech-savvy consumers.
Market Size and Growth
The global digital banking market is valued in the hundreds of billions of dollars and is projected to grow at a compound annual growth rate (CAGR) of around 10–12% over the next decade. This growth is driven by widespread smartphone penetration, increased internet…