How technology has changed banking over the years

E-banking, online banking, net banking, etc. have completely changed

the way banking is done today.

Online banking, also referred to as internet banking or web banking, is an electronic payment system that permits customers of a bank or other financial organization to conduct a variety of monetary transactions through the financial institution's website. the web banking industry will typically hook up with or be a part of the core banking industry operated by a bank and is in contrast to branch banking which was the normal way customers accessed banking services.

Internet banking software provides personal and company banking services offering features like viewing account balances, obtaining statements, checking recent transactions, transferring money between accounts, and making payments.

Security of a customer's financial information is extremely important, without which online banking couldn't operate. Similarly the reputational risks to banks themselves are important.[27] Financial institutions have found out various security processes to scale back the danger of unauthorized online access to a customer's records, but there's no consistency to the varied approaches adopted.

 Online banking facilities typically have many features and capabilities in common, but even have some that are application specific.