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banking system

/ˈbæŋkɪŋ ˈsɪstəm/

1 entry

phrase

/ˈbæŋkɪŋ ˈsɪstəm/B2formalbusiness
  • ruСтруктурированная система финансовых учреждений, правил и процессов, управляющая деньгами, депозитами, кредитами и другими финансовыми операциями в экономике.

A structured framework of financial institutions, regulations, and processes that manage money, deposits, loans, and other financial transactions within an economy.

  1. Financial infrastructureB2formal

    The network of institutions, regulations, and processes that manage money, credit, and financial transactions within an economy.

    ruФинансовая инфраструктура

    • The banking system provides loans to individuals and businesses.
    • A stable banking system is crucial for economic growth.
    • The government introduced new regulations to strengthen the banking system.
  2. Digital banking frameworkB2formal

    The technological infrastructure and software that enable electronic financial services, such as online banking and mobile payments.

    ruЦифровая банковская система

    • The banking system's online platform allows customers to check balances and transfer funds.
    • Cybersecurity is a major concern for the modern banking system.
    • The new banking system uses blockchain technology for secure transactions.