TRADITIONAL BANKING a slow death that does not seem to have a way back.

It is no secret that traditional banking today is going through difficult times, as it suffers from the global financial situation and inflation, a process of retreat where its savers have resorted to withdraw their resources to meet their expenses, coupled with the fact that interest rates on savings are not very attractive.

However, on the other hand, loans granted by banks are no longer attractive to investors due to the repeated increase in interest rates by central banks, which results in very low income obtained from the granting of such loans.

At the same time, the banking regulation imposed to seek a stronger and healthier traditional banking system has placed many obstacles or impediments to traditional finance to adapt to the new times, which are also very fast and changing..

Therefore, in an attempt to regulate their internal and external financial relationships, the banks themselves are locked into rules that only further hinder the services they must provide in an efficient and effective manner.

All these regulations that are imposed on banking is to avoid a recurrence of the recession of 2008, which brought with it a mortgage bubble that destroyed much of the world economy.

To emphasize, I think that traditional banking will take a back seat and will serve only as a custodian for fiat money, i.e. the deposit and withdrawal of its customers' money..

That is why the decentralized band will be at the forefront and fintech will be much more used in this new stage of the digital economy, in addition to offering a proven faster, safer and more efficient service, in addition to adapting much faster to the technologically imposed changes.

In conclusion, we must emphasize that technological changes will continue to happen and with it the banking sector must make the necessary adjustments to develop its financial potential, otherwise a new form of the banking sector could emerge, which is moving from the traditional centralized to decentralized digital, representing a radical change in finance according to the new times, where technology sets the tone.