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Internet banking is changing the banking business, having the significant impacts on banking connections. Banking is currently not, at this point restricted to the branches where one needs to move toward the branch face to face, to pull back money or store a check or solicitation an announcement of records. In obvious. Internet banking, any request or exchange is prepared online with no reference to the branch (anyplace banking) whenever. The net banking, in this way, presently is to a greater extent a standard instead of an exemption in many created nations because of the way that it is the least expensive method of giving banking administrations. This examination paper will acquaint you with e-banking, giving the significance, capacities, types, focal points, and impediments of e-banking. It will likewise show the effect of e-banking on conventional administrations lastly the outcome documentation. Digitalization diminishes human mistake and hence assembles client reliability. clock admittance to banks because of web based banking. Clients need not store money any longer and can make exchanges at any spot and time. A few business banks began moving towards advanced client administrations to stay serious and important in the race. Banks have profited in a few chime more current innovations. E-banking has brought about lessening costs radically and has produced income through different channels. Business Banks in India have moved towards innovation by method of Bank Mechanization and n to MICR based check preparing, Electronic Funds move, Interconnectivity among bank Branches and usage of ATM (Automated Teller Machine) Channel have brought about the comfort of Anytime banking. Solid activities have been taken by t Reserve Bank of India in fortifying the Payment and Settlement frameworks in banks. Indian government, banks, fintech organizations have been advancing and changing the way India goes through its cash. Simultaneously computerized transformation additionally raises new test the steadiness and the honesty of the budgetary framework and the security of purchasers.

Purpose: This article investigates specifics of the transformation of banking activity in the conditions of digitalization of the economy. In the light of penetration of digital technologies into all the spheres of our life, the rapid development of financial technologies and their active implementation in the banking sector of the economy, digital financial innovations are formed at the intersection of the concepts of "financial technologies" and "financial innovations". Design/Methodology/Approach: In order to investigate the process of transformation of the banking sector in the context of digitalization, it is necessary to consider this issue from three points of view: 1) theoretical understanding of the concept of "financial technologies"; 2) the need to ensure the efficiency and sustainability of the banking sector; 3) the change in the IT- architecture of banking activities and the formation of the digital ecosystem with banks in the center. It is also reasonable to analyze promising areas of implementation of financial technologies into the banking sector. Findings: The main directions of the development of financial technologies in the banking sector, aimed at further transformation of traditional banking services through digital technologies. Practical Implications: The results of the study can be applied in the development of the legislative regulation of the FinTech industry in Russia. Originality/Value: The main contribution of this study is to determine the prospects for the development of the domestic banking sector in the context of digitalization, the need to transform in order not only to improve the competitiveness and efficiency of functioning, but also to stay in the banking business. ; peer-reviewed

With the advent of new technologies and the rising trend of digitalization, the financial sector is being reshaped, evolving, and adapting to improve its efficiency and keep pace with people's needs. One of the most current technologies that has the potential to develop the financial sector is Blockchain technology. The main idea of this technology is that it is based on a decentralized public registry, which allows transactions to be performed in a secure, efficient way and has several advantages that are not found in the traditional banking system we know. Blockchain and cryptocurrencies could become one of the most important innovations in the financial sector, capable of creating a digital economy, based on decentralization, since they have features that optimize and simplify transactions, without the need for an intermediary, compared to the traditional banking system