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The evolution of home banking

Savoie Karla

The term home banking began to be used in the late 1990s, when it became possible to do any kind of management outside the physical headquarters of any bank office and in a wider time frame.

In recent years, all banks have made improvements and adaptations to launch online banking or banking services, so that today it is possible to perform any transaction in different ways without visiting a bank branch.

This sectorization has led to the emergence of purely digital banks, through telematics, without physical banking offices, or traditional banks have created sections and banks in parallel with those that operate digitally, in order not to lose market share.

Today, home banking is no longer a supplement to traditional banking to play a major role in customer operations and advice, radically transforming the sector and betting on digital banking, in which some banks see it as a strategy.

Wholesale Banking.
Wholesale banking is designed for large-scale transactions, usually with large businesses or organizations of great importance. Wholesale banking, also called wholesale banking, corporate banking, or corporate banking.

This is because this type of banking has institutions and commercial organizations among its customers, so they receive special and more personal attention than in commercial banking. Wholesale banking, designed for large volumes of money from large business transactions, can be divided into two segments:

  • Investment banking: financial structures, mergers and acquisitions (M&A), advisory, etc.
  • Corporate banking: Liability management (credit lines, factoring or confirmation), fixed asset management (loans, leasing, rentals, etc.).
  • While commercial banking targets small depositors and investors, wholesale banking has secured its market for those customers who, because of their volume, operations and size, need a more direct and private channel than others. This type of bank has fewer but more operations, such as debt issuance, loans, customs financing, corporate bond sales and, above all, investment banking with large inheritances.