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What is Virtual Banking: Benefits and Challenges about?
Virtual banking allows customers to bank without a physical branch presence through online, email, phone and mobile channels. The first virtual bank was Security First Network Bank in 1995. Key features of virtual banking include online banking for financial transactions, email banking for statements and requests, phone banking using automated systems, and mobile banking for alerts and requests. Biometric technology like fingerprint scanning provides additional security for virtual banking transactions and
- Author
- Komal Talreja
- Language
- EN