Internetipanka

Internetipanka is a term used in FinTech discourse to describe a comprehensive online banking platform that delivers banking services over the internet. It enables customers to open and manage accounts, perform transactions, view statements, pay bills, and access loans or investment products entirely online, without visiting a physical branch.

The word combines "internet" with "pank" (bank in several languages, including Estonian). In some markets it is used generically to refer to any form of internet-based banking, while in others it may denote specific products or regional implementations. The term is not tied to a single issuer.

Typical offerings include online account management, real-time transfers, payments, card controls, loan applications, investment services, and mobile access, often supported by APIs for integrations. Security layers include multi-factor authentication, end-to-end encryption, fraud monitoring, and compliance with regulatory standards.

Implementation often relies on cloud infrastructure, secure authentication, and regulatory compliance such as PSD2 in Europe or similar frameworks elsewhere. The approach emphasizes reliability, scalability, and user experience, while requiring robust risk management and data protection measures.

As consumer preference shifts to digital services, internetipanka reduces branch visits and enables financial inclusion, while presenting challenges in cybersecurity, privacy, and ensuring access to reliable connectivity. See also: online banking, digital wallet, fintech.