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Describe how online banking, digital banking and challenger banks including open banking, crowdfunding and robo advisors...

Describe how online banking, digital banking and challenger banks including open banking, crowdfunding and robo advisors are transforming the experience of consumers worldwide from a FinTech perspective.

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Online banking, digital banking has widespread changed the banking experience of consumer. They need not go to bank to withdraw, deposit or transfer money to another person it all can be done with a single click. Remote ATM is also new feature that has changed the ATM were used.

It has made banking very convenient and brought to our door. However coin has both the side, it has also increased the case of fraud and increased the expense of banking as well. There are hacker which are waiting for customer to commit mistake so that they can take advantage of it. Therefore in this Fintech world banking transaction need to governed by proper by-laws so that it can controlled and managed.

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