The Impact of Digital Banking on Traditional Banking

Abstract The banking sector has undergone a significant transformation over the past decade due to the rapid advancement of digital technologies and the increasing adoption of internet-based financial services. Digital banking has emerged as a powerful force that is reshaping the traditional banking landscape by offering customers convenient, efficient, and accessible financial services through digital platforms. The widespread use of smartphones, internet connectivity, mobile applications, artificial intelligence, cloud computing, and digital payment systems has fundamentally changed how banking services are delivered and consumed. This study, titled “The Impact of Digital Banking on Traditional Banking,” aims to examine the influence of digital banking on conventional banking operations, customer preferences, service quality, profitability, and overall business performance within the banking industry. Key words Digital Currency, Traditional Banking, Digital Payments, Financial Technology (FinTech), Customer Awareness, Banking Transformation.