Professional Documents
Culture Documents
What is E-banking?
Development of E-banking
RBI & E-banking
Advantages of the E-Banking
Disadvantages and Risk of E-banking
Precaution of risk and security
Persecutions
What is E-banking?
Definition:
The provision of banking service through
electronic channels and the customer can access
the data without time and geographical limitation.
Development of E-banking
1980s :
- Rapid development of the Internet
- TCP/IP system (communication system)
- E-commerce
Development of E-banking
May 1995 :
Wells Fargo - the first bank in the world to offer
customer access to their accounts over the internet
.
Convenience
- 24 hours a day, seven days a week
Cost
- Reducing transfer fees
Speed
- Faster circulation of assets
Competitiveness
- Fostering competition in financial market
Benefits for Customers
Communication
communicate easily
Environmental
Abolishing the uses of paper
Others
- Offering one-stop-shop solutions
Disadvantages OF E-banking
Ø A need for customer skill to deal with computers
and browsers.
E.g. Elderly, Housewives → Inconvenient
When we open
some suspicious
websites or email
Trojan Horse Program
will install our
computer secretly
Hidden in the computer
When you access
bank websites
Capture our
account and
the password
Case F rom Ne wsp aper
Don’t use the hyperlink
to login to the website of
banks