-
Industries
- Banking
- Capital Markets
- Communications, Media & Technology
- Consumer Goods
- Education
- Healthcare
- Information Services
- Insurance
- Life Sciences
- Manufacturing
- Oil & Gas
- Retail
- Transportation & Logistics
- Travel & Hospitality
- Utilities
-
-
COGNIZANT CONSULTING
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More
-
Services
- Artificial Intelligence
- Digital Engineering
- Digital Strategy
- Interactive
- Internet of Things
- Enterprise Services
- Industry & Platform Solutions
- Intelligent Process Automation
- Application Services
- Cloud Enablement
- Cognizant Infrastructure Services
- Cognizant Security
- Core Modernization
- Digital Engineering
- Enterprise Application Services
- Quality Engineering & Assurance
-
COGNIZANT CONSULTING
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More
-
Latest Thinking
-
Our Media & Publications
- All Latest Thinking
- Browse Case Studies
- Cognizant Podcasts
- Cognizanti Journal
- Digitally Cognizant Blog
- Infographics
- Perspectives
-
Key Themes
- AI Primary Research
- Blockchain Primary Research
- Blockchain Solutions
- Code Halos
- Digital Maturity Research
- When Machines Do Everything
- World Economic Forum—Davos
-
Center for the Future of Work
- 21 More Jobs of the Future
- Business Value of Trust
- Digital Workforce of the Future
- Explore the Future of Work
- Jobs of the Future Index
- The Work Ahead
-
-
-
About
- About Cognizant
- 2018 Business Snapshot
- Board of Directors
- Client Briefing Program
- Cognizant Events
- Contact Us
- Corporate Governance
- Corporate Integrity
- Culture & Values
- Diversity & Inclusion
- Leadership Team
- News & Press Releases
- Partnerships
- Public Policy
- Sustainability
- Talent Worldwide
- Women Empowered
-
Please visit the COVID-19 response page for resources and advice on managing through the crisis today and beyond.
Digital Retail Banking
What is digital retail banking?
Digital retail banking refers to providing all retail banking services such as account opening (checking, savings and deposits); funds transfers; and loans and bank cards, among others—all in a branchless, online only method. Digital retail banking takes convenience, experience and access to a completely new level by providing integrated account services in an easy to navigate, self-serve manner.
What are the business benefits of digital retail banking?
For banks, business benefits of digital retail banking include faster customer acquisition; enhanced customer experience (and hence customer loyalty); faster development and rollout of new and innovative products and services; reduced cost of operations; and less dependence on high cost fixed assets.
Digital Retail Banking Featured Content
Back to
Glossary