Essence and Basic Concepts of Electronic Banking

Modern conditions in combination with the progress of technologiesTechnologies and, in particular, information and communication technologiesTechnologies (ICT)ICT, computer systems, and software, predetermine the emergence of completely new state administrative, financial, and public systems, which are partially or fully digitalized. This direction includes electronicElectronic bankingBanking, which has become popular in recent years and is in the stage of permanent establishment in people's lives, both privately and publicly. There is already a transition from traditional bankingBanking to a remote format of work and expansion of financial operations. This has its advantages as well as disadvantages, which are discussed in detail in the present study. There is attention paid to modern ways of electronicElectronic bankingBanking. Important points for optimizing the work processes in financial institutions have been identified. Key points related to ensuring the security of digitalDigital information, which is basic in the work process of electronicElectronic bankingBanking, are highlighted.