Day 3: Digital Banking » More questions
Abi J (host): Take a look at some more questions and answers relating to Digital Banking below...
Question:
How is digital banking different from traditional banking, and what do I need to use digital banking?
How is digital banking different from traditional banking, and what do I need to use digital banking?
Answer:
This padlock outlines that the connection is secured with an SSL certificate as part of HTTPS. This means that encryption is used between your computer and the internet connection, meaning your data is sent to the web page through a secure tunnel which means other people on the network can’t see what you are sending to help keep your data private and secure.
This padlock outlines that the connection is secured with an SSL certificate as part of HTTPS. This means that encryption is used between your computer and the internet connection, meaning your data is sent to the web page through a secure tunnel which means other people on the network can’t see what you are sending to help keep your data private and secure.
Question:
Crypto was mentioned on the Q&A... where does that fit into digital banking?
Crypto was mentioned on the Q&A... where does that fit into digital banking?
Answer:
Cryptocurrencies like Bitcoin use calculations called the blockchain. Therefore, blockchain is an exciting subject to learn about and understand. There are many tutorials online and case studies if you want to learn about this subject. Many people think blockchain can be used for lots more things, including digital banking. For example, the blockchain could store data to help identify and verify customers, potentially reducing fraudulent transactions.
Cryptocurrencies like Bitcoin use calculations called the blockchain. Therefore, blockchain is an exciting subject to learn about and understand. There are many tutorials online and case studies if you want to learn about this subject. Many people think blockchain can be used for lots more things, including digital banking. For example, the blockchain could store data to help identify and verify customers, potentially reducing fraudulent transactions.
Question:
What can we do at school to help us learn about the things you need to know for digital banking?
What can we do at school to help us learn about the things you need to know for digital banking?
Answer:
In terms of learning about how digital banking works, you can learn about the best ways to represent data that can be changing constantly over time, such as days, months and years. But in terms of protecting, and developing the next generation of digital banks, research the upcoming threats, ones that have occurred recently and how people are working to solve them and keep everyone safe and secure.
In terms of learning about how digital banking works, you can learn about the best ways to represent data that can be changing constantly over time, such as days, months and years. But in terms of protecting, and developing the next generation of digital banks, research the upcoming threats, ones that have occurred recently and how people are working to solve them and keep everyone safe and secure.
Question:
How is digital banking different from traditional banking, and what do I need to use digital banking?
How is digital banking different from traditional banking, and what do I need to use digital banking?
Answer:
Digital banking is where transactions are made either on a mobile app or on websites. You can do banking wherever you like and at all times of day. Traditional banking is when you visit a physical branch which you might need to do if you want to pay cash into your account and you can only do this during the bank's opening hours. For digital banking, you will need to have a device like a smartphone, a tablet or a computer which is connected to the internet. You'll also need to have a bank account and be registered for online services so that you can log into your account. Importantly - don't forget about keeping your login details and devices secure to keep your money safe!
Digital banking is where transactions are made either on a mobile app or on websites. You can do banking wherever you like and at all times of day. Traditional banking is when you visit a physical branch which you might need to do if you want to pay cash into your account and you can only do this during the bank's opening hours. For digital banking, you will need to have a device like a smartphone, a tablet or a computer which is connected to the internet. You'll also need to have a bank account and be registered for online services so that you can log into your account. Importantly - don't forget about keeping your login details and devices secure to keep your money safe!
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