Banking Development, Banking Industry, Digital Banking and Rapid Trend
Nguyen, Thanh Phuong
Dang, Thi Lan Phuong
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
CC BY-NC-SA 4.0
Creative Commons License: https://creativecommons.org/licenses/by-nc-sa/4.0/
Nations all over the world have been and will be entering the fourth industrial revolution which is the digital era with technologies such as virtual reality, internet connection, 3D printing, large data, and artificial intelligence. Therefore, the banking industry has to be reformed in order to utilize the resources and technologies for development. One of the key aspects for this process is Digital Banking. At the moment, digital banking services are being developed at a rapid pace and it helps the banks shorten transaction time, reduce costs, and promote competitiveness. Digital banking is now considered as the future of the banking industry. In a developing country like Vietnam, the development of digital banking is not only an opportunity or a trend but also a significant challenge