• Shreyas.Sumesh.Menon
• Pranesh.S
• Rishkesh.R

Digital banking is the shift to online banking where banking services are provided over the internet. The benefit for customers is the provision faster banking services. The transfer to digital banking is slow but it is progressing at a steady pace. It provides the ability for users to access financial data through desktop, mobile and ATM services. The reason digital banking is more than just a mobile or online platform is that it includes middleware solutions. Middleware is software that bridges operating systems or databases with other applications. Financial industry departments such as risk management, product development and marketing must also be included in the middle and back end to truly be considered a complete digital bank. Financial institutions must be at the forefront of the latest technology to ensure security and compliance with government regulations. There are certain challenges faced for the digitalizing the banking operation they are quality, consistency and many more. Government along with the private entities are taking steps towards making online payment more secured and gaining trust of the people. Unified Payment Interface is one such initiative from the part of government to check the online payment practices followed by different banks so as to avoid malpractices.

Online platform, Middleware, risk management, product development, consistency

"Challenges Of Digital Innovation In Banking", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 11, page no.136-139, November-2018, Available :http://www.jetir.org/papers/JETIR1811621.pdf

"Challenges Of Digital Innovation In Banking", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 11, page no. pp136-139, November-2018, Available at : http://www.jetir.org/papers/JETIR1811621.pdf