Banks are complex institutions and even harder to understand if you’re not in the business. That is why we have made this article for you.
Currency is the most common medium of exchange in today’s society. Currency can be exchanged for goods and services, information, or any other asset. Money is created by banks on loan to the government and it is later distributed as currency to the public.
In order to manage their money efficiently and effectively, online bank transfer has became a popular option for many people. People can transfer funds from one account to another without going through a bank branch or ATM machine.
Money can be a confusing topic to many people. Even with the help of technology, there is still no universal solution to using money in our daily lives.
The life cycle of money has been changing as we move toward a cashless society. AI can help us manage and track our finances through the digital era by providing solutions for banks, digital services and other financial institutions.