Banking activities have become a part of people’s lives today with their vital functions to manage finances. Although at first this function was only limited to the storage of money and valuable assets, the banking system is now being improved so that it can provide greater convenience for people who use their services. The banking system can reach the functions of sending and receiving funds from other parties in a controlled and safe manner. The sending process is carried out through a digital system, thereby reducing physical transfer interactions. Other functions that are also supported are loan services through credit, investment, fiat currency exchange, and further development of banking technology which makes it digital.
For the last function, we know the term neo banking system. This system is used by various banking companies to provide more affordable financial transaction service facilities. The basic concept of this system is to simplify the procedure of sending money to other users through a digital system. usually we do it through a banking application on a smart phone or with the SMS Banking feature. Both are part of the example of the application of the neo banking system. This system has been widely used by various banking companies throughout the world because of its function which actually shows convenience for the public in accessing. However, there are some types of banks that use this system that do not have their physical form in the real world in the form of offices or physical companies. They only rely on digital systems in managing the entire transaction process and all banking activities digitally. A simple process now supports bank functions that can be reached from anywhere and portability.
However, banking activities have now faced very competitive conditions after the digital financial system or appeared on the earth’s library. This system is a very strong rival which has been able to attract hundreds of millions of people in the world to use it. This system offers benefits that make it easier for people to transact. They only need to be provided with a brief knowledge of the procedure for using the system and having a number of digital assets to transfer. Digital assets can be coins or digital . both are differentiated based on the approval process and the various stages that have been traversed by the creator platform but in general the use is the same. These coins or digital can be used to pay for purchases, especially online. The community that is currently very fond of shopping online has made use of these digital and coin functions. in addition to the process that is easy and fast, transactions using digital or coins are more practical because users only need to access them through the mobile application and can be directly connected to the online where users . Transactions also take place safely.
Although there are many conveniences that we can find through the use of a digital financial system, people today still cannot escape the role of the conventional banking system. A platform now offers facilities for using digital in transactions with customized systems such as banking. Kabn was introduced to the public as a digital platform that carries technology in it. Various financial services that we usually obtain through banks can also be obtained through Kabn. This platform facilitates every user to be able to make payment transactions anywhere via a debit card. This debit card is exclusively issued by Kabn which functions like a debit card in general. The Kabn network is directly connected with financial service companies such as the Pegasus Flyte Visa Card which makes it usable for transactions using digital currencies through debit cards. This card is also connected directly to the Kabn digital which can support the function of transferring funds with any type of currency.
Another function offered by Kabn is to be able to serve people who want to exchange their digital assets with fiat currencies. thus, people can use it in cash in their daily lives. Financial flexibility is increasing with the presence of this platform. payment solutions become more integrated and people can adjust their functions to their needs. This platform was founded by people who have been devoted to banking, payment and loyalty. They consist of Ben Kessler (CEO), Michael Konikoff (Chief Revenue Officer), and Jason Imola (Interim Chief Compliance Officer). Some advisors who helped establish this platform include Matt McGuire (Founder, The AML Shop), Dominic Vogel (Chief Security Strategist, Cyber.sc. Cyber and business security expert), Kriya Patel (Managing Director, Transact Payments Limited) , Michael Vogel (Founder, Netcoins. and entrepreneur), Leslie Kelly Hall (expert on healthcare policy, patient advocacy and information technology), Bruce Silcoff (CEO of Shyft), and Michael Gord (CEO of MLG Consulting, & Alliance of Canada Board Member).
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Published at Fri, 22 Mar 2019 05:13:07 +0000
