Digital banking delivers banking services over internet through web-based platforms. Includes front end, back end, and middleware solutions for end-to-end banking. Requires financial departments like risk management and marketing integration
Germany has over 1,800 banks across three tiers: private, public, and cooperative. Deutsche Bank ranks as world's greatest bank with $81.90 billion net assets. Private banks focus on investment and commercial lending. Public banks provide financial services to all citizens. Cooperative banks control over 20% of Germany's retail banking business
ING offers single solution for all access and connectivity needs. Platform consists of interactive and connectivity channels. Interactive channels include Portal and App for banking activities. Connectivity channels provide secure transmission between ERP/TMS systems
Neobanks are digital banks operating solely through mobile apps. They offer banking services without physical branches. Most neobanks are regulated by their home country's financial authorities
Switzerland has 242 banks, including 104 retail banks. Swiss franc (CHF) is the official currency. Banks operate Monday-Friday 08:00-17:00
Founded in 1990 by Jim Ovia to compete with four major Nigerian banks. Started with $4 million capital and operations in July 1990. First office was a residential house converted into banking hall. Increased capitalization to 500 million naira in 1997