MORE BANKING Meaning and
Definition
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More banking refers to the concept of increasing or expanding the activities and services offered by banking institutions beyond conventional banking functions. It implies the diversification and broadening of the range of financial services and products provided by banks to cater to a wider set of customer needs and demands.
In this context, more banking encompasses various aspects such as offering enhanced banking services, incorporating advanced technologies, expanding geographical presence, and providing a more comprehensive and holistic approach to financial management. It may involve incorporating investment banking, asset management, insurance, wealth management, and other related services under one roof. By incorporating these additional offerings, banks aim to become a one-stop solution for various financial needs of their customers.
The concept of more banking also involves the extensive use of digital platforms and technological advancements to provide online and mobile banking services, thus enabling customers to access banking services conveniently and efficiently. It encompasses initiatives like internet banking, mobile banking applications, contactless payments, and fintech collaborations.
The objective behind more banking is to provide customers with a more inclusive and personalized banking experience. Through these expanded services and technologies, banks strive to improve customer satisfaction, increase their market share, and stay competitive in the rapidly evolving financial landscape.
Overall, more banking signifies the evolution of traditional banking institutions into multifaceted entities offering a comprehensive range of financial services and leveraging technology to enhance customer experience and meet evolving demands.
Common Misspellings for MORE BANKING
- nore banking
- kore banking
- jore banking
- mire banking
- mkre banking
- mlre banking
- mpre banking
- m0re banking
- m9re banking
- moee banking
- mode banking
- mofe banking
- mote banking
- mo5e banking
- mo4e banking
- morw banking
- mors banking
- mord banking
- morr banking
Etymology of MORE BANKING
The phrase "more banking" does not have a specific etymology since it is a combination of two separate words. Let's break it down:
1. More: The word "more" comes from the Old English word "māra", which is related to the German word "mehr" and the Dutch word "meer". Its origins can be traced back to the Proto-Germanic word "*mērô". The meaning of "more" refers to an increased quantity or additional amount.
2. Banking: The word "banking" comes from the Old Italian word "banca" or "banco", which referred to a moneychanger's bench or table. It later transferred to the practice of conducting financial transactions, particularly dealing with money and providing financial services.
