Transformation of Traditional Banks Into Digital Banks With the Help of Modern Information Technologies

The book Transformation of Traditional Banks into Digital Banks with the Help of Modern Information Technologies provides a thorough and insightful analysis of the ongoing evolution within the banking sector, driven by modern information and communication technologies. Written by Mirko Sajic, Dusanka M. Bundalo, and Zlatko V. Bundalo, this work serves as both a comprehensive academic resource and a practical guide for financial institutions navigating the shift from traditional banking models to digital frameworks.
The book is well-structured, beginning with an overview of traditional banking operations and progressively delving into digital transformation strategies. The authors present a detailed exploration of core banking concepts, customer relationship management (CRM), big data analytics, artificial intelligence (AI), blockchain, cloud computing, and API-driven banking solutions.
A significant strength of this work is its methodological approach. The book not only reviews global banking trends but also provides a localized perspective, identifying challenges and opportunities specific to regional financial institutions. A well-designed survey conducted among bank employees and customers further enhances the book's practical relevance, offering empirical insights into digital banking adoption.
Overall, Transformation of Traditional Banks into Digital Banks with the Help of Modern Information Technologies is a valuable resource for banking professionals, IT specialists, and academics studying financial technology trends. It successfully outlines the path for banks to modernize their operations and adapt to the digital era, offering both theoretical insights and practical frameworks.
This book is highly recommended for anyone interested in understanding the future of banking and the role of digital transformation in shaping the financial industry.