Nonbanking refers to activities or entities that are not related to banks or the banking industry. Some synonyms for nonbanking include nonfinancial, non-monetary, non-credit, and non-lending. Nonbanking entities include companies or organizations that do not provide financial services or do not require banking services, such as retail stores, restaurants, and healthcare providers. Nonbanking activities can include any business activity that does not involve the handling of money or financial transactions. The concept of nonbanking has become increasingly important in recent years as financial technology companies and other nontraditional players have entered the financial services industry, challenging traditional banking models.