Digital signal processing based methods and systems for receiving data signals include parallel receivers, multi-channel receivers, timing recovery schemes, and, without limitation, equalization schemes. The present invention is implemented as a multi-path parallel receiver in which an analog-to-digital converter (“ADC”) and/or a digital signal processor (“DSP”) are implemented with parallel paths that operate at lower rates than the received data signal. In an embodiment, a parallel DSP-based receiver in accordance with the invention includes a separate timing recovery loop for each ADC path. In an embodiment, a parallel DSP-based receiver includes a separate automatic gain control (AGC) loop for each ADC path. In an embodiment, a parallel DSP-based receiver includes a separate offset compensation loop for each ADC path. In an embodiment, the present invention is implemented as a multi-channel receiver that receives a plurality of data signals.