Modern banking relies heavily on digital platforms, fintech integrations, and automated systems, which introduces distinct disadvantages for consumers and financial institutions. A major drawback is vulnerability to sophisticated cyberattacks, including phishing scams, identity theft, malware, and massive data breaches that can compromise sensitive user accounts. Digital banking also eliminates human interaction, making it difficult to resolve complex disputes or receive nuanced financial advice without navigating frustrating automated chatbots and call centers. Additionally, reliance on digital infrastructure means that server outages, software bugs, or internet disruptions can instantly cut users off from accessing their funds.