Essay on Internet Banking

essay about internet banking

In this essay we will discuss about Internet Banking. After reading this essay you will learn about: 1. Meaning of Internet Banking 2. Objectives and Drivers of Internet Banking 3. Trends in India 4. Facilities Available 5. Emerging Challenges 6. Main Concerns 7. Strategies to be Adopted by Indian Banks.

  • Essay on the Strategies to be Adopted by Indian Banks for Introducing Internet Banking 

Essay # 1. Meaning of Internet Banking :

With the growth of internet and wireless communication technologies, telecommunications etc. in recent years, the structure and nature of banking and financial services have gone for a sea change. Internet banking or e-banking is the latest in this series of technological wonders in the recent past which involves use of internet for delivery of banking products and services.

Even the Morgan Stanley Dean Witter Internet Research emphasised that web is more important for retail financial services than that for many other industries. Internet banking or e-banking is changing the banking and its structure and is having major effects on banking relationships.


Banking activity is now no longer confined to the branches where a customer has to approach the branch in person, for withdrawing cash or deposit a cheque or request for a statement of Accounts.

In accessing a true internet banking, any inquiry or transaction is processed online without any reference to the branch (anywhere banking) at any time. Thus providing Internet banking is gradually becoming a “need to have” than a “nice to have” service.

The net banking is, therefore, more of a norm rather than an exception in many developed countries because it is the cheapest way of providing banking services. Under this system, online banking is possible where every bank customer is provided with a personal identification number (PIN) for making online transactions with the bank through internet connections.

Internet banking or e-banking falls into four main categories, from Level 1—minimum functionality sites that offer only access to deposit account data—to level 4 sites highly sophisticated offering, enabling integrated sales of additional products and access to other financial services—such as investment and insurance.

In other works, a successful internet banking solution offers:

1. Exceptional rates on savings, CDs and IRAs.

2. Checking Account with no monthly fee, free bill payment and rebates on ATM surcharges.

3. Credit card facilities with low rates.

4. Easy online applications for all accounts including personal loans and mortgages.

5. 24-hour account access.

6. Quality customary service with personal attention.

Essay # 2. Objectives and Drivers of Internet Banking :

The internet has developed level playing field and thereby afforded open access to customers in the global market-place. Internet banking is a cost-effective delivery channel for the modernized financial institutions.

In this system, consumers are embracing many benefits of e-banking. To have access to one’s accounts at any time and from any location through world wide web (www) is a convenient practice, which was unknown a short time ago.

Thus, a bank’s internet presence transforms from ‘brochure/ware’ status to ‘internet banking’ status once the bank goes through a technology integration effort so as to enable its customer to access information about his or her specific account details.

Following are the six primary objectives or drivers of internet banking:

1. To improve customer access.

2. To facilitate the offering of more services.

3. To increase customer loyalty.

4. To attract large number of customers.

5. To provide cost-effective services offered by competitors.

6. To reduce customer attrition.

Keeping objectives in mind, the internet banking facilities has been progressing at a rapid pace throughout the world.

Essay # 3. Trends of Internet Banking in India :

In India, initially a beginning was made in internet banking only in some big cities which was just in rudimentary stage. After getting initial success, the internet banking facility is gradually being expanded in all cities and towns to make the system popular.

The banking industry in India is also facing unprecedented competition from non-traditional banking institutions which are now a day’s offering banking and financial services over the Internet. The deregulation of the banking industry along with emergence of new technologies are enabling the new competitors in the banking sector to enter the financial services market quite efficiently and quickly.

Core or Anywhere Banking:

In order to support internet banking facilities another new concept of banking i.e., core or anywhere banking is introduced. Initially introduced by the foreign banks, the same concept in new increasingly adopted by public sector banks and also the private sector banks.

Under this concept of banking, bank customers who have an account with any select branch can easily operate his account from different designated branches on the bank spread throughout the country.

Under this system, a customer can avail cash withdrawal, cash deposit, transfer of funds, inter-city and intra-city transactions, collection of draft and cheques etc. facilities from any of such designated branches conveniently irrespective of its locations.

Core banking concept has improved the standard of the banking services with the help of modern technology. In present times, most of the public sector banks have already adopted this concept and started extending these facilities to its customers gradually by including more and more of its important branches under this category.

Progress of Internet Banking:

In India, internet banking is gradually being developed throughout the country.

As per the recent study it is observed that:

(a) A number of banks have already adopted internet banking and are offering varied kind of services through it,

(b) These internet sites generally offer only most of the basic services. Only 50 per cent are known as ‘entry level’ sites offering little more than company information’s and basic marketing materials and 10 per cent are offering ‘advanced transactions’ such as online funds transfer, transactions and cash management services etc.; and

(c) Most of the foreign and private banks in India are much advanced in terms of the number of sites and their level of development in terms of rendering advanced technology linked services to its customers. Recently, an authority of ICICI Bank observed, “Our Internet banking base has been growing at an exponential pace over the last few years. Currently around 78 per cent of the bank’s customer base is registered for Internet banking.”

Security Precautions :

In order to make their bank account safe, one should follow certain security precautions. Customer should never share personal information like PIN number, passwords etc. with anyone, including employees of the bank. It is important that documents that contain confidential information are safeguarded. PIN or password should be changed immediately and memorized before destroying the mailers.

Customers are also advised not to provide sensitive account-related information over unsecured e-mails or over the phone. He must take simple precautions like changing the ATM, PIN and online login and transaction passwords on a regular basis. It is also important to ensure that the logged in session is properly signed out.

Essay # 4. Facilities Available Under Internet Banking in India:

Following facilities are made available for customers under internet banking in India:

(i) Bill Payment Service:

Bill payment service is a utility service of internet banking. Accordingly, each bank has tie-ups with various utility companies, service providers, insurance companies across the country. Such tie-ups can facilitate online payment of bills of electricity, telephone, mobile phone, credit card, insurance premium bills etc.

In order to make online payment of bills, a simple one-time registration for each bills has to be made and a standing instruction has to be made to make online payment of recurring bills automatically. Most interestingly, the bank usually does not charge customers for such online bill payment.

(ii) Fund Transfer:

Internet banking has made provision for transfer of any amount of fund from one account to another of the same or any other bank. Accordingly, customers can send money anywhere in India. Once a customer logs in his account, he needs to mention the payee’s account number, his bank and the branch. The transfer will take place in a day or so, whereas in a traditional method it takes about three to four working days. ICICI Bank recently reported that its online bill payment and fund transfer facility have been most popular online services.

(iii) Credit Card Customers:

Internet banking provides the facility of credit card to its customers. With internet banking, customers can not only pay their credit card bills online but also gets a loan on their cards. Not just this, they can also apply for an additional card, request a credit line increase and in case the card is lost, one can report lost card online.

(iv) Railway Pass and Online Booking:

Through Internet banking facility to issue Railway pass is also available. Indian Railways has tied up with ICICI bank for this purpose and one can now make railway pass for local trains online. The pass can be delivered to the customer at his doorstep. Initially, the facility was limited to Mumbai, Thane, Nashik, Surat and Pune. The bank would just charge Rs 10 + 12.24 per cent of service tax. Moreover, online booking of e-tickets of Railways, Airlines etc. can also be made with some arrangement with banks through Internet banking.

(v) Investing through Internet Banking:

Through Internet banking, opening a fixed deposit account has become easier. A customer can now open an FD account online through funds transfer. Online banking can also be a great friend for lazy investors. Moreover, investors with interlinked de-mat account and bank account can easily trade in the stock market and the amount will be automatically debited from their respective bank accounts and the shares will be credited in their de-mat account.

Besides, some banks provide its customers the facility to purchase mutual funds directly from the online banking system. Nowadays, most leading banks offer both online banking and de-mat account facilities. However, if a customer is having his de-mat account with independent share brokers, then he needs to sign a special form, which will link his two accounts.

(vi) Recharging Prepaid Phone:

Through Internet banking, recharging of prepaid phone has also become possible. It is no longer needed to rush to the vendor to recharge prepaid phones as and when talk time runs out. Here the customer just tops-up his prepaid mobile cards by logging in to Internet banking. By just selecting operator’s name, entering mobile number and the amount of recharge, the prepared phone of the customer is again back in action within few minutes.

(vii) Shopping at Fingertips:

Internet banking provides facility of shopping at fingertips. Leading banks have tied-up with various shopping websites. With a range of all kind of products. One can shop online and the payment is also made conveniently through his account. One can also buy railway and air tickets through Internet banking.

Essay # 5. Emerging Challenges of Internet Banking in India :

In India, a large sophisticated and highly competitive Internet Banking Market is gradually being developed with market pressure and is subjected to the following emerging challenges:

1. Demand side pressure due to increasing access to low cost electronic services.

2. Emergence of open standards for banking functionally.

3. Growing customer awareness and need for transparency.

4. Global players in the fray.

5. Close integration of bank services with web based E-commerce or even disintermediation of service through direct electronic payments (E-cash).

6. More convenient international transactions due to the fact that the Internet along the general deregulation trends, eliminate geographic boundaries.

7. Move from one stop shopping to ‘Banking Portfolio’, i.e., unbundled product purchases.

The Internet and its underlying technologies have been changing and transforming not just banking but all aspects of finance and commerce. It usually represents much more than a new distribution opportunity. Internet banking will also enable nimble players to leverage their traditional brick and mortar presence for improving customer satisfaction and gain share.  

Essay # 6. Main Concerns in Internet Banking :

Internet banking in India has its areas of concern. In the mean time, a number of cases related to fraud and cheating of banks and customers by unscrupulous persons have already been lodged in India with this type of banking facilities. Irrespective of that attempts have been made by the RBI and the banking authorities for promoting safety and soundness of online and e-banking facilities in the country by issuing necessary guidelines.

In a recent survey conducted by the Online Banking Association, member institutions rated security as the most important issue of online banking. Thus there is a dual requirement to protect customers privacy and product against fraud.

Banking Securely:

Online Banking provides an overview of Internet Commerce and how one company can handle secure banking practices for its financial institution clients and their customers. Moreover, some basic information on the transmission of confidential data is presented in Security and Encryption on the web. In this respect, PC Magazine Online also offers a primer as to how encryption works.

Besides, a multi-layered security architecture comprising firewalls, filtering routers, encryption and digital certification ensures that customers account information is protected fully from un-authorised access in the following manner:

(i) Firewalls and filtering routers ensure that only the legitimate Internet users are usually allowed to access the system.

(ii) Encryption techniques used by the bank (including the sophisticated public key encryption) would ensure that privacy of data flowing between the browser and the Infinity system is protected.

(iii) Digital certification procedures provide the assurance that the data a customer receive is from the infinity system.

Essay # 7. Strategies to be Adopted by Indian Banks for Introducing Internet Banking :

In present times, Internet banking has no alternatives. Indian banking is gradually getting more and more access of Internet banking. Thus, Internet banking would drive us into an age of creative destruction due to non-physical exchange; complete transparency is also giving rise to perfectly electronic market place and customer supremacy.

At this moment, the question may be asked “what the Indian Banks should do under the present circumstances?” Whatever is the strategy chosen and options adopted, certain key parameters would largely determine the success of banks on web.

In order to attain long term success, in respect of Internet banking, a bank may follow:

(i) Adopting a webs mindset.

(ii) Catching on the first mover’s advantage.

(iii) Recognising the core competencies.

(iv) Enabling handling multiplicity with simplicity.

(v) Initiating senior management to transform the organisation from inward to outward looking.

(vi) Aligning roles and value propositions with customers segments.

(vii) Redesigning optimal channel port-folio.

(viii) Acquiring new capabilities through strategic alliances.

However, the above mentioned steps can be implemented by following four steps mentioned below:

(i) In the first phase, the customer be familiarized to new environment by demo version of software on banks, website. This will enable users to give suggestions for improvements, which can be incorporated in its later versions wherever possible.

(ii) The second phase provides various services such as account information and balances, statement of account, transaction tracking, mail box, check book issue, stop payment, financial and customized information.

(iii) The third phase may include additional multi-utility services like fund transfers, DD issue, standing instructions, opening fixed deposits and intimation of loss of ATM cards.

(iv) The final phase should include advanced corporate banking services like third party payments, utility bill payments, establishment of L/Cs, Cash Management Services etc. Enhanced plan for the customers in future may include requests for demand drafts and pay orders and many more to bring in the ultimate in banking convenience.

Thus by following the above mentioned strategies, it will help banks to translate their traditional business model into a Internet banking one, falling into the following three main categories:

(i) One-stop shop.

(ii) Virtual one stop shop.

(iii) Best of Breed Supplier.

Thus by following the above steps, the Indian bankers can pave the way for the successful introduction and popularizing the new concept of Internet banking on a large scale.

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What Is Online Banking?

How online banking works.

  • Online Banks

Pros and Cons of Online Banking

What do you need for online banking, how can you safely use online banking, the bottom line.

  • Personal Finance

What Is Online Banking? Definition and How It Works

essay about internet banking

Investopedia / Daniel Fishel

Online banking allows you to conduct financial transactions through the Internet. Online banking offers customers almost every service traditionally available through a local branch including deposits, transfers, and online bill payments.

Virtually every banking institution has some form of online banking you can access through a computer or app. Online banking is also known as internet banking or web banking.

Key Takeaways

  • Online banking allows you to conduct financial transactions through a computer or smart phone using the internet.
  • With online banking, you don’t need to visit a branch to complete many transactions.
  • To take advantage of online banking, you’ll need an electronic device, an internet connection, and perhaps your debit card or account numbers.

Online banking is a popular way of doing business with a bank. With online banking, you aren't required to visit a bank branch to complete most of your basic banking transactions. You can do all of this at your own convenience, wherever you want—at home, at work, or on the go. Online banking can be done using a browser or app. Mobile banking is online banking that is done on a phone or tablet.

Here are some of common ways you can use online banking.

Bank anytime

With online banking, you don’t need to visit a physical bank branch but you can do it wherever you want—at home, work, or on the go. In addition, you can typically do online banking 24/7. However, customer support might not be available at all hours.

Access accounts with browsers and apps

You can do online banking through a financial institution’s web portal using a web browser (such as Chrome or Safari) through a mobile app. This allows you to access services from many locations.

Deposit Checks

You can usually deposit a check through a mobile app using a process known as remote deposit capture . Enter the check amount, then use the app to take a photo of the front and back of the check to complete the deposit.

Manage Finances

Many banks and credit unions offer tools to help you review and balance your budget built into apps or the website. You may also be able to track spending trends, or track savings toward a goal. 

Perform Other Financial Services

Online banking transactions vary from one financial institution to another. Most banks generally provide essential services such as electronic transfers and bill payments. Some banks even let you set up new checking or CD accounts or apply for credit cards through web portals. Other online functions include ordering checks, stopping payments on checks, or reporting a change of address.

Online banking may provide fewer services than traditional banking does. For instance, you can’t exchange foreign currency.

You may be unable to complete a credit application online, such as a mortgage application. Instead, some banking business must be carried out at a bank or credit union branch.

Online Banks 

Online banks operate exclusively online, meaning they don’t operate branches where you can conduct business in person. The best online banks offer low-cost or free banking, plus above-average interest rates on savings accounts , certificates of deposit (CDs) , and money market accounts .

These banks handle customer service by phone, email, or online chat rather than in person. Prominent online banks in the U.S. include Ally Bank , Discover Bank , and Synchrony Bank .

Online-only banks might not provide direct automatic teller machine (ATM) access but usually enable customers to use ATMs at other banks and retail stores. They might even reimburse some or all of the ATM fees other financial institutions charge. The savings gained by not maintaining physical branches typically allows online banks to deliver significant savings on banking fees.

While you can deposit or take out a certain amount of cash at an ATM or store, most online banks impose a dollar limit.

As of October 2023, just 6% of U.S. adults with bank accounts reported their primary bank was an online bank.

Fast and efficient

Easy to monitor accounts

Customer service challenges

Tech and connectivity required

Hacking risk

Pros explained: 

  • Convenience : Basic banking transactions can be done at any time of day or night, seven days a week. If your bank offers a payment network such as Zelle , you can use your online bank account to send money to a person or business. You can also open and close various accounts online, such as checking and savings accounts.
  • Fast and efficient : Funds can be transferred between accounts almost instantly, especially if the two accounts are held at the same institution. Plus, mobile check deposits can be made in just a few minutes.
  • Ease of monitoring accounts : You can closely monitor your accounts to spot suspicious activity. Around-the-clock access to banking information provides early fraud detection, serving as a guardrail against financial losses.

Cons of Online Banking 

  • Customer service challenges : Sometimes, you might need to visit a branch to handle certain transactions, such as buying a cashier’s check. In other cases, you might not even have access to a branch. Furthermore, you may prefer depositing checks, withdrawing money or discussing your financial needs face-to-face.
  • Tech and connectivity required : Some customers may need to be more comfortable with the tech-heavy aspects of online banking. For example, they may need help with some online tasks, such as setting up automatic payments . In addition, online banking depends on a reliable internet connection. Connectivity issues make it difficult to process transactions when you want to.
  • Hacking risk : Although security continually improves, online accounts remain vulnerable. Customers should use their wireless plans rather than public WiFi networks when logging into an online bank account. This can help prevent unauthorized account access.

To take advantage of online banking you’ll need an internet connection and an electronic device like a computer or mobile phone. After setting up your account, you’ll keep handy a debit or other bank card, and access to your account numbers.

Setting up your online banking account can also be reasonably straightforward. But you’ll need a few things to set up an online checking account or savings account, just like a brick-and-mortar bank account. The bank will spell out exactly what you need on its website, but it typically requires: 

  • Your name, date of birth, address, and other information
  • Social Security number
  • Government-issued ID with a photo, such as a driver’s license or passport
  • A way to fund your account

To shield your money and your personal information from cyber crooks, you should take these safety precautions:

  • Set a strong, unique password, and change it regularly. The federal Cybersecurity & Infrastructure Security Agency recommends a password with at least 16 characters. The password should contain a random string of uppercase letters, lowercase letters, numbers, and symbols.
  • Rely on a password manager to help discreetly set and remember passwords.
  • Enable two-factor authentication or multi-factor authentication if it’s available. This involves using at least two forms of identification, such as a password and a fingerprint, to access an online account.
  • Never provide your online banking details to other people.
  • Avoid online banking when using public WiFi, such as at a coffee shop or restaurant.
  • Check your accounts regularly for suspicious activity and report suspected fraud immediately.

Can You Use Online Banking to Pay Bills?

You can use online banking to pay bills by logging into your online banking account to arrange bill payments electronically or by check. Online bill pay is a simple way to take care of your bills and help ensure you're always on time with payment by setting up automatic payments. It works especially well for bills with regular, set amounts, such as a mortgage payment, insurance premium, or car payment. 

What Is the Best Online Bank?

The best online bank for you will depend on your banking service needs and priorities. Investopedia's choice for best online bank overall is Ally bank. Our top choice for savings is Synchrony Bank and our top choice for checking is Discover.

Online banking is a fast, inexpensive, and convenient way to handle many of your everyday financial needs. You can probably access online banking if you already do business with a bank or credit union. All you need to do is sign up for online banking services. And while you can use online banking features from a traditional bank, picking an online-only bank for your banking needs might boost the interest you earn on savings and help reduce fees.

Consumer Financial Protection Bureau. " Online and Mobile Banking Tips for Beginners. "

Civic Science. " Online-Only Banks Are Gaining Ground With Gen Z ."

Cybersecurity & Infrastructure Security Agency. " Use Strong Passwords ."

essay about internet banking

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The Impact of the Internet on Banking

Introduction, factors of growth, disadvantages, works cited.

The advent of the Internet has provided some major breakthroughs. VoIP and visio-conferences eliminate the limitations businesses encounter due to geographical boundaries largely. These provide opportunities for various business houses to advertise, share information with their collaborators, receive feedbacks on their products, equipping them with the cutting edge technologies needed to grow. Thus, to be successful in this highly competitive global business environment, enterprises increasingly adopt flexible, distributed working practices. When the first computer took its shape, nobody could imagine that it might take the form of today. And the most influenced part is the banking sector once there was the introduction of internet in banking. Thus, this study would evaluate the influence of internet on the banking industry.

There was a time when people had to stand in long queue for hours to accomplish any banking function. Again those long hours of waiting, chances of human errors etc were there. Everything is now computerized, error free and lightning fast. Withdrawing money is so simple because of ATMs; depositing money is also is an affair of minutes. The most advanced form of banking is e – banking. There is no need of visiting your bank at all. With only a click of mouse you can deal in loans, insurance, mutual funds etc. Trading is nothing harder than a click of mouse now. It was in 1980s that changed the banking outlook and that was introducing technology as compulsory usage as a precondition for renewing or getting a new license. Secondly, opening an institute solely dedicated to researching and developing technology in the banking field. This brought in technology-savvy banks and they would offer innovative products to its customers from credit/Debit/Smart cards, Tele-Banking and Internet Banking, Anytime and Anywhere Banking and ATMs and PC-Banking were some of the few. According to Lee (2009), “ Online banking has recently come to be considered as one of the most effective banking transaction methods because it possesses many advantages which offline banking channels can not offer. Thus, online banking managers aim to utilize these advantages to increase the online banking adoption rate ” (Lee 132).

An economy based on digital factors is digital economy (or internet or new economy). Digital computer networks, internet, intranets, VAN, computers, software are very important in this business. For example, “Thaigem” is a gem company based in Thailand, who very effectively used the EC to grow their business.Web-based business enhances competitiveness and create strategic advantages for a company and this is really helpful for any company, how large or small it may be. The E-Commerce is doing wonders for all the parties from supplying goods that has be the ordered and transportation involved. Now one can go shopping and will not have to wait in the long queue to pay the bill rather present a blank cheque where the amount will automatically be debited. Moreover one can shop hop in internet where he will have thousands of stores and choices to choose from and the product will be shipped in his doorstep. These improvements have made business thousand times simpler, also affordable and hassle free for the customers (Turban, Leidner, McLean and Wetherbe 56). However, interconnectivity, the most significant aspect of the modern digital economy, is a significant drawback and it has the potential to start a ‘domino effect’ once a part of it is affected. Nevertheless, baring this fact, it is obvious that, as seen in the case, internet banking enhances a business manifold and thus is the evident banking form in the future.

One of the most important aspects of modern banking is digital economy with the help of internet. Information Technology has thoroughly revolutionized the business process. Many multinational giants are changing their business tactics, like Siemens. Fierce global competitions have forced the companies to reduce costs and increase productivity and e-business is a good solution of this problem. E-commerce mainly happens with the help of internet and other electronic networks. The basic infrastructure of E-commerce requires a network of interconnected computers, which helps users to access and share information from a number of sources and collect and collaborate with others (Turban, Leidner, McLean and Wetherbe 38).

There are fundamentally five major advantages of internet banking that became so influential in the recent times. According to Lassar, Manolis and Lassar (2005) they are “ viewing of account and transaction history, paying bills, transferring funds between accounts, requesting credit card advances and ordering checks ” (Lassar, Manolis and Lassar 177).

It is now a know fact that internet and Information Technology is the facilitating factor in driving business toady and especially in the banking sector from transactions and analytical processing to end user interface. Customer service has come a long way and is getting better. They give a hand in the CBS (core banking system) which revolutionized the face of Indian banks. The latest trend which shook the market was Technology in the mobile banking, ATM (automated teller machine) and the locally shared services between banks.

Internet enables banks to service it customer 10 times faster than a few years ago and brought down its operation cost to one third. We now have immediate transfer, access to multiple service providers dealing in communication. (IBM) International Business Machine Corporation, Microsoft, Patni are one of the companies on the forefront in providing Technology that would run the banking industries. Projects like multi Application smart cards have proved to perform well and have been included into the financial sectors and open its uses throughout the country and the world. There will never be a stop to the advancement of internet technology in the world of banking and business banking will have the biggest change. Creating deposits is what banks were in their traditional form and the surplus money was let out in the form of lending. But in this present time they now offer wide range of services to financial needs to its customers in the form of business , personal , travel and celebrations loans to name a few. The services are to its entire customers who can prove their stability in repaying the loan.

There were several factors in looking at the banking growth and it was the changing face of banking services. Before the internet and computerization, manually deposit and withdrawals were all banks did and the service standards were far below standards but after the internet and computerization the banking sectors have become a consumer oriented market. Information technology is creating a revolutionizing effect and rippling through all sectors including the capital market and after the introduction of internet it has brought its relationships with banking closer and the internet is become an important support for banks financial services.

There are a lot of services which have become customized and Retail banking is maturing after each passing year and one clear example is the housing loan sectors by bringing down their operations cost, the banks are able to pass it benefits to the customers. One of the most innovating banking products that technology has brought in is Plastic money with the new age of people spending more then they use to before many years ago carrying large sums of money was getting trouble some and Plastic money was introduced which came in many forms. Credit card is a system of payments after a Plastic is introduced to the user who can use it multiple times as cash transactions. Then we have the debit card and can be use in ATM and purchase goods, the only difference is that it’s on the user cash and is not credit given by the bank. The banks over time and over the years have changed and evolved into international standards and are showing innovative approach in creating value for their customers.

The banks are hugely influenced by internet and computerization with basic introduction of Internet, ATM has minimized bank offering its core delivery services and with alternative now available due to new development of technology which has not creating duplication of network and need to work on a backup plan. However, Banks need to focus more on technology concerning (WAN) and VSAT, (WAN) which is a wide area satellite based network and VSAT (Very Small Aperture Terminals) to push ahead of the foreign competitors. However, there is one more aspect where banks could benefit greatly and take the load of their manual operations is introducing better payments system in the rural of those applications is called NDS (Negotiated Dealing System) and the (Centralized Funds Management System) but this in not introduced to all banks in the rural areas of many underdeveloped or developing countries and still see medieval operation on the banking sectors. The Negotiated dealing system (NDS) which is a platform for trading and RTGS (Real Time Gross Settlement system) is used for transferring real time funds from one bank to another. The age of internet benefits have only been tapped in the urban areas and rural area have not even smelt its benefits and its only when banks that have their branches in rural area releasing its benefits can the common man reap its benefits, where issues of money transfer can be tapped throughout the world. There is a huge resentment among customers in the rural areas is customer’s service and banks are facing costs on providing these services. The issue lies is trying to cut operations cost and having to deal with their competition. Here is where internet could play its role and meeting the banks objectives.

One of the most disturbing aspects of internet banking is the issue of privacy. Simpson (2002) noted that “ The difficulty is that online banks have been counting on the ability to use detailed customer information for targeted marketing offers while the evolution of e-commerce depends on intra-industry alliances and the sharing of data. Privacy concerns may slow the evolution of e-banking ” (Simpson 317).

Similarly, Identity theft is not at all a new crime. It has merely mutated itself by including new technologies like ATMs and online banking. Nowadays it is even easier for the identity thieves to use stolen information due to the advent of the Internet since transactions can be made online eliminating personal interactions. Due to the computerization of the banking and other financial dealings and credit cards it has become much easier for the pretenders to pilfer other’s personal details and thus can camouflage as the victim. Credit cards are often used for verifying people’s identities and thus, an impersonator can pretend to be someone else by using their credit card. This also enables them to steal money. Thus, all the impersonator really has to do is obtain a succession of appropriate numbers for completing the crime. The victim of identity theft can suffer serious consequences if held responsible in place of the imposter. The various activities that are undertaken by the impersonators may even cause the victims to loose their jobs. Medical identity thefts can even cause us to loose our lives or the lives of our near and dear ones. Many nations have precise and explicit laws in opposition to using other’s personal uniqueness and details for ones private gains.

In order to avoid identity theft we regularly verify our credit scores with the credit bureaus, destroy any unwanted credit applications, confirm with our creditors if our bills are not on time and protect ourselves by not broadcasting our personal information in unknown e-mails. Identity theft can also be used for smooth progress of offenses like counter nation surveillance, unlawful migration, and blackmail and terror campaigns.

The 21st century business empires had realized that IT is no longer a support function but become the main driving force to better operations in terms of cost cutting and customer service. Internet and computerization will be the deciding factor in banking and financial sectors in making or breaking a company. The banking sector must realize that the should focus on three areas to survive customer’s expectations it is this core value that will sustain them from losing their customers to competitors , the second is cost cutting to operate efficiently with minimum cost and finally handle their never ending competition. To do this they must look for new products and cutting edge service technology. They say a process or a business can only be successful if it runs on an auto – pilot mode and that include over all operations. It can be done by having their total data base and day to day operations through a centralized network, using new banking applications. This way banks can service their customers 24x7x365 with less man power and cut cost.

Some of the areas where expects still feel more needs to me done are on IT is

  • Connecting all branches through a secured network
  • Having a message system which is secured on funds transfer products
  • The Integrated Treasury Management
  • Looking into technology initiatives on liquidity Management and the Core Banking Solution
  • Management on Customer relationship
  • Re-engineering Business Process
  • Retraining IT skills
  • Restructuring/ reorganization

There is a feeling among the IT professional that banks need to be part of a network and it shows by having technological employment by the banking sectors, with ATM machines been put on a huge scale and is forcing other banks to start with the same. The age of IT technology is future but in their eagerness to achieve its objective they should not forget the personal touch that every banks has towards their customer and must have it always, they must remember that not every one is tech savvy, and human interactions must be there always for future banking.

The internet and Information Technology has given banks their core objective and that is services towards their customers and at the moment it is bringing forth more valued added products. Some of the product like mobile banking is working well in the emerging market and most banks introduced mobile banking which helps customer in getting updates like SMS services and it more beneficial for people who travelling frequently and would like to keep updated on their accounts. This is a huge influence on the banking sector and it continues to grow for a more effective future of digital economy based on internet.

Lassar, Walfried., Manolis, Chris., & Sharon S Lassar. “The relationship between consumer innovativeness, personal characteristics”. The International Journal of Bank Marketing , 23.2-3, (2005): 176-199.

Lee, Ming-Chi. “Factors influencing the adoption of internet banking: An integration of TAM and TPB with perceived risk and perceived benefit”. Electronic Commerce Research and Applications 8.5, (2009): 130–141.

Simpson, John. “The impact of the Internet in banking: observations and evidence from developed and emerging markets”. Telematics and Informatics 19.7, (2002): 315–330.

Turban, Efraim., Dorothy Leidner, Ephraim McLean, and James Wetherbe. Information Technology For Management: Transforming Organizations In The Digital Economy. 4Th Ed. Delhi: Wiley-India, 2007.

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107 Banking Essay Topic Ideas & Examples

Inside This Article

Banking is a fundamental aspect of the modern economy, serving as the backbone of financial systems worldwide. As a result, there is a vast array of topics to explore within the field of banking. Whether you are a student looking for inspiration or a banking professional seeking to expand your knowledge, this article presents 107 essay topic ideas and examples to help you get started.

  • The impact of digital banking on traditional banking services.
  • The role of central banks in regulating the economy.
  • The benefits and drawbacks of using mobile banking applications.
  • The future of cryptocurrencies and their impact on traditional banking systems.
  • The role of commercial banks in fostering economic growth.
  • The impact of interest rates on consumer borrowing behavior.
  • The ethical implications of banks investing in controversial industries.
  • The challenges faced by small and medium-sized banks in an era of consolidation.
  • The impact of globalization on the banking industry.
  • The role of banks in promoting financial inclusion.
  • The impact of technology on fraud prevention in banking.
  • The effectiveness of stress tests in assessing bank resilience.
  • The role of banks in financing infrastructure projects.
  • The impact of banking regulations on lending practices.
  • The benefits and challenges of open banking.
  • The role of banks in supporting entrepreneurship and innovation.
  • The impact of fintech startups on traditional banking institutions.
  • The role of banks in addressing income inequality.
  • The impact of banking crises on economic stability.
  • The future of branch banking in a digital world.
  • The role of banks in facilitating international trade.
  • The impact of artificial intelligence on banking operations.
  • The challenges and opportunities of sustainable banking practices.
  • The role of banks in promoting financial literacy.
  • The impact of bank mergers and acquisitions on customers.
  • The challenges of implementing anti-money laundering regulations in the banking sector.
  • The role of banks in supporting the United Nations Sustainable Development Goals.
  • The impact of financial technology on banking job opportunities.
  • The challenges of managing cybersecurity risks in the banking industry.
  • The role of banks in financing renewable energy projects.
  • The impact of demographic changes on banking services.
  • The challenges of implementing digital identity verification in banking.
  • The role of banks in facilitating financial intermediation.
  • The impact of economic sanctions on banking operations.
  • The challenges of implementing Basel III regulations in emerging markets.
  • The role of banks in supporting the growth of small and medium-sized enterprises.
  • The impact of consumer behavior on retail banking strategies.
  • The challenges of implementing real-time payments in the banking sector.
  • The role of banks in promoting financial stability.
  • The impact of banking regulations on the cost of credit.
  • The challenges of implementing sustainable finance practices in the banking industry.
  • The role of banks in supporting affordable housing initiatives.
  • The impact of banking innovations on financial inclusion in developing countries.
  • The challenges of implementing instant payments in cross-border transactions.
  • The role of banks in addressing climate change risks.
  • The impact of online banking on branch closures.
  • The challenges of implementing data protection regulations in the banking sector.
  • The role of banks in financing education and healthcare.
  • The impact of banking regulations on the profitability of small banks.
  • The challenges of implementing real-time fraud detection in banking.
  • The role of banks in promoting gender equality in access to finance.
  • The impact of customer trust on banking relationships.
  • The challenges of implementing blockchain technology in the banking industry.
  • The role of banks in supporting disaster recovery efforts.
  • The impact of banking regulations on cross-border capital flows.
  • The challenges of implementing biometric authentication in banking services.
  • The role of banks in supporting financial resilience.
  • The impact of banking innovations on customer loyalty.
  • The challenges of implementing sustainable supply chain finance in the banking sector.
  • The role of banks in promoting responsible lending practices.
  • The impact of banking regulations on financial innovation.
  • The challenges of implementing real-time liquidity management in banking.
  • The role of banks in supporting cultural and creative industries.
  • The impact of banking crises on bank lending behavior.
  • The challenges of implementing instant payments in the gig economy.
  • The role of banks in promoting social impact investing.
  • The impact of banking regulations on bank profitability.
  • The challenges of implementing artificial intelligence in customer service in banking.
  • The role of banks in supporting financial education in schools.
  • The impact of banking innovations on financial risk management.
  • The challenges of implementing sustainable procurement practices in the banking sector.
  • The role of banks in promoting responsible investment.
  • The impact of banking regulations on financial stability in emerging markets.
  • The challenges of implementing real-time customer onboarding in banking.
  • The role of banks in supporting cultural heritage preservation.
  • The impact of banking crises on bank lending to small businesses.
  • The challenges of implementing instant payments in government transactions.
  • The role of banks in supporting impact entrepreneurship.
  • The impact of banking regulations on cross-border banking activities.
  • The challenges of implementing artificial intelligence in credit risk assessment in banking.
  • The role of banks in promoting financial literacy among vulnerable populations.
  • The impact of banking innovations on financial crime prevention.
  • The challenges of implementing sustainable insurance products in the banking sector.
  • The role of banks in supporting sustainable agriculture and food security.
  • The impact of banking regulations on financial inclusion in rural areas.
  • The challenges of implementing real-time transaction monitoring in banking.
  • The role of banks in promoting responsible corporate governance.
  • The impact of banking crises on bank lending to households.
  • The challenges of implementing instant payments in the healthcare sector.
  • The role of banks in supporting social entrepreneurship.
  • The impact of banking regulations on cross-border payment systems.
  • The challenges of implementing artificial intelligence in anti-money laundering in banking.
  • The role of banks in promoting financial literacy among young people.
  • The impact of banking innovations on sustainable finance.
  • The challenges of implementing sustainable supply chain finance in global banking networks.
  • The role of banks in supporting renewable energy investments.
  • The impact of banking regulations on financial stability in post-conflict countries.
  • The challenges of implementing real-time fraud prevention in mobile banking.
  • The role of banks in promoting responsible investment in emerging markets.
  • The impact of banking crises on bank lending to the real estate sector.
  • The challenges of implementing instant payments in the education sector.
  • The role of banks in supporting social impact bonds.
  • The impact of banking regulations on cross-border remittances.
  • The challenges of implementing artificial intelligence in customer relationship management in banking.
  • The role of banks in promoting financial literacy among senior citizens.
  • The impact of banking innovations on sustainable development finance.
  • The challenges of implementing sustainable supply chain finance in the global fashion industry.

These essay topic ideas provide a comprehensive overview of the vast array of issues within the field of banking. Whether you choose to explore the impact of digital banking, the role of banks in promoting sustainability, or the challenges of implementing new technologies, there are countless avenues for research and analysis. By selecting a topic that piques your interest, you can delve deeper into the complexities of the banking industry and contribute to the ongoing development of this crucial sector.

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Essays on Online Banking

Internet Banking

Risks, attacks security constraints and safety factors in internet banking essay.

The banking sector has always been open to attack and fraud from external and internal sources and substantial effort and investments have continuously been expended in safeguarding the assets of banks and customers. ATM cards, Debit and Credit Cards have brought their own shares of possibilities of frauds involving misuse of PINs, skimming of balances …

Risks, Attacks Security Constraints and Safety Factors in Internet Banking essay Read More »

Uses of Internet Banking and Reasons for its Growth essay

More than 80 % of Americans use the net, in one way or the other, for their banking transactions, some more than others. (Internet Usage Statistics for the Americas, 2006) Convenience, space and privacy seem to be the main reasons for increased use of the net. A discussion on the uses and adoption of internet …

Uses of Internet Banking and Reasons for its Growth essay Read More »

Internet Banking Development and Services essay

Advances in online and internet technology and its aggressive infusion have brought in a paradigm shift in banking operations. The 2001 Survey of Consumer Finance states that 9 out of 10 US households have a bank account and 93 % of these account holders have at least one value add which utilizes electronic banking through …

Internet Banking Development and Services essay Read More »

The Adoption of Internet Banking in the US essay

Electronic banking has been in regular use in the USA for years now, through many facilities like Automated Teller Machines, Debit cards and Direct Debits. ATMs and Debit cards have been particularly successful; 65 % of American households possessing at least one ATM card in 2005. (Anguelov, Hilgert, and Hogarth, 2004) ATMs and Debit Cards …

The Adoption of Internet Banking in the US essay Read More »

The Impact and Features of Sovereign Bank Online Banking

This essay is about the features and impact of Sovereign Bank’s online banking platform. It highlights the platform’s intuitive interface robust security measures and comprehensive range of services including account management fund transfers and mobile check deposits. The essay also emphasizes the importance of customer support the integration with financial management tools and customization options for alerts. Additionally it notes the platform’s benefits for small businesses in managing payroll and expenses. Overall the essay illustrates how Sovereign Bank’s online banking simplifies financial management and enhances user convenience and security.

How it works

Sovereign Bank’s online banking has completely changed how folks handle their money. In today’s fast world having online banking that’s easy and accessible is key. Sovereign Bank stepped up by creating a user-friendly and safe platform that offers tons of services to simplify managing your money.

One standout feature is the simple interface. Whether you’re a tech whiz or new to online banking the platform’s easy to navigate. The dashboard gives a clear view of your accounts recent transactions and important updates.

It’s designed so users can get info quickly without any hassle. Plus the website and app work together smoothly making it easy to switch between devices.

Security’s super important in online banking and Sovereign Bank takes it seriously. They use top-notch encryption to keep all data safe as it moves between the bank and customers. On top of that they’ve got multi-factor authentication which means you’ve gotta verify your identity in a couple of ways before you can get into your account. It’s all about building trust and making sure your financial info stays protected.

The range of services they offer covers everything you’d need. You can check balances move money around and pay bills easily. They even let you deposit checks using your phone so you don’t have to go to a branch for simple stuff. This is great for busy folks or those who live far from a bank. Plus they’ve got tools for budgeting and planning your finances which helps you manage your money better and reach your goals.

Customer support’s another big deal. They’ve got a help center with FAQs videos and guides to walk you through using the platform. If you need more help you can call email or chat live with their support team. They’re there to help out however you need which makes the whole experience smoother and more satisfying.

Their online banking also works with different money management tools and software. This lets you sync up your banking info with apps that track spending manage budgets and watch investments. By doing this Sovereign Bank helps you see your overall financial picture so you can make smarter choices.

You can also customize alerts for specific account actions like low balances or big transactions. These alerts can come through email text or push notifications so you can stay updated the way you want. This personal touch lets you tailor your banking to fit your life.

It’s not just individuals who benefit—small businesses can do a lot with this platform too. Owners can handle payroll track spending and send invoices all from one spot. This makes running a business smoother and saves time on paperwork.

In a nutshell Sovereign Bank’s online banking shows how banking’s evolved in the digital age. With its easy interface strong security lots of services and top-notch support it’s a top choice for personal and business banking. By keeping up with what customers need and staying innovative Sovereign Bank’s set itself apart in online banking. It’s all about making money management easier and more straightforward for everyone.

This essay is a starting point for inspiration and further research. For more personalized help and to make sure your essay meets academic standards consider getting support from pros at EduBirdie.


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The Impact and Features of Sovereign Bank Online Banking. (2024, Jul 06). Retrieved from

"The Impact and Features of Sovereign Bank Online Banking." , 6 Jul 2024, (2024). The Impact and Features of Sovereign Bank Online Banking . [Online]. Available at: [Accessed: 15 Jul. 2024]

"The Impact and Features of Sovereign Bank Online Banking.", Jul 06, 2024. Accessed July 15, 2024.

"The Impact and Features of Sovereign Bank Online Banking," , 06-Jul-2024. [Online]. Available: [Accessed: 15-Jul-2024] (2024). The Impact and Features of Sovereign Bank Online Banking . [Online]. Available at: [Accessed: 15-Jul-2024]

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Essay: Internet Banking

Essay details and download:.

  • Subject area(s): Finance essays
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Internet Banking

Review of Related Literature Presented in this section is the related literature and studies taken from books of the library, magazines, newspapers and internet websites to provide information about the study. Safeena et al (2010) determines the consumer’s perspective on internet banking adoption. Finding shows that perceived utility, perceived simple use, client awareness and perceived risk are the necessary determinants of internet banking adoption and have robust and positive impact on customers to simply accept online banking industry. Uppal, R.K (2011) threw clean on growth of information technology in varied banks. The target of this analysis is to investigate the extent of technological developments in varied bank groups. Findings shows as compared to new non-public sector banks and foreign banks, publicly sector banks terribly less it’s taken place. The utmost technology is going down in new generation non-public sector banks and foreign banks.

Bahl ,Sarita ,(2012) determined that security and privacy problems are the massive issue in e-banking. If security and privacy problems resolved, the long run of electronic banking is terribly prosperous. Rahman., et al (2012) determined that e-banking continues to be a brand new technology in Bangladesh. Kaur., et al (2013) shows that there’s no important distinction in facilities determining the customers’ usage of internet banking services of Public-sector, Non Public-sector and Foreign Banks in India. Hua (2009) explicit security idea refers to the potential of defending against potential fears. However in internet banking it suggests that the potential of the online firm to safeguard the information and transaction of the client from being purloined. Apparent controls of the protection shows that up to what extent the web site for businesses is ready to safeguard from potential threats and is believed to be secure. Liao and Wong (2008) through empirical observation explored the main concerns related to net enabled e-banking systems and consistently measured the determinants of client interactions with e banking services. So as to check customers’ interaction with net banking, the respondents were asked to elucidate the extent of using internet banking services. The results urged that perceived quality, easy use, security, convenience and responsiveness to service requests considerably explained the variation in client interactions. Explorative correlational analysis and reliableness check indicated that these constructs were relevant and reliable. Substantiating correlational analysis confirmed that they possessed important convergent and discriminatory validities. Each perceived quality and perceived easy use have important impact on client interactions with e-banking services. Perceived security, reactivity and convenience conjointly represented the first avenues influencing client interactions. Specially, tight security management was essential to e-banking operations. The findings had social control implications for enhancing extent of e-banking operations and developing viable e banking systems and services. According to Egwali (2008) security in e-banking implies that the private information and also the transactions of client are in safe hands. Laukkanen (2007) highlighted the attributes in multi-channel electronic banking. The primary objective of the study was to understand the various retail channel preference of online bank customers by examining their channel attribute preferences in electronic banking. For the analysis purpose, the author divided the customers into 2 groups those who pay their bills over the web, and those who use a mobile phone for the service. With the assistance of conjoined analysis, the results of the study discovered that internet and mobile users differ in their preferences towards electronic channels attributes in bill paying. It had been found that screen size followed by location and response time were the foremost necessary attributes for internet users. Nevertheless, locations followed by screen size and latency were the most necessary properties for mobile users. The author concluded that banks and producers ought to diversify client group so that the use of electronic banking techniques and services might be accrued. Motivated to use the web services offered by a similar bank due to trustiness of the client within the traditional industry. The results of the study recommended that to use e-banking; trust, income, age, sex, education and work were the most striking factors for the use of online banking services and also the banks can dilute their cost and widen their market through online banking adoption. Gan et al. (2006) examined client decisions between electronic banking and non electronic banking in New Zealand. The authors evaluated that call to use electronic banking was hypothesized to be a function of service quality, perceived risk factors, value factors, service product features, individual factors and statistic variables. The findings showed that service quality, perceived risk components, user input factors, employment and education were the prevailing variables that influence clients choice of electronic banking channels. The authors ascertained that client use e banking due to its quality, convenience and dependability.

Lichtenstein and Williamson (2006) in their analysis article gave an outlook on how and which specific factors have an effect on the buyer decision, whether or not to opt for internet banking services within the Australian context. The findings of the study brought out that convenience was the most motive for client to bank on the internet, whereas there was a variety of alternative influential factors which will be modulated by banks. The analysis advised that banks will be able to manage client experiences with moving to internet banking as long as they understood that such experience involves a method of adjustment and learning over time, and not just the adoption of latest technology. Nelubiri and Sinti (2006) examined the impact of internet banking on customers’ perspective, their wants and behavior. The target of the study was to examine the internet banking adoption in Asian country. The results of the study indicated that for higher understanding of internet banking acceptance, it had been very necessary to look at client angle and perception towards internet banking. So, the banks ought to adopt such internet banking facilities that might enhance processing of group action, put down activity and customization. Robbins (2006) tried to guage whether or not the adoption of e-banking by the banks affected the importance of bank location. The study looked into the state of client adoption of e banking product and growth of e banking product since 1995. The study conjointly investigated whether or not client selection had changed as a results of inflated e banking use and the way banks had responded. The study conjointly questioned why location was Boateng (2006) explored a number of the problems that affected the key choices of banks while adopting e-banking techniques. The selections were associated with entering e-banking, e-banking channel alternative, customers and managing conflicts. The findings of the study indicated operational constraints associated with client location, the requirement to maintain client satisfaction and also the capabilities of the banks. The author noticed the need for African banks to know client desires, corresponding service to supply, the resources and partnership needed to supply it, and develop acceptable e-banking ways that maximized price for both client and banks. Chalam and Nageswara (2006) centered that as the computer touched every and each side of the economy, thus banking sector wasn’t an exception to it. The target of the study was to seek out modification in banking sector through the techniques of e-banking. The authors evaluated many e banking product like ATM, EFT, ECS, EDI, telebanking, etc. E-banking had benefited to the individual through anyplace, anytime banking; to traders and merchants through immediate settlement of payment; to banks through unlimited network, on-line banking, attracting and holding the customers, debit and mastercard facilities; and to the state through economic process of trade, a lot of exports, a lot of transparency in business, etc. The researchers concluded that rising challenge in e banking was because of lack of awareness among individuals, no cyber laws by government and rarity of telephone lines and low automation of banking activities. They suggested that banks should adopt hardware and software package security measures, appoint skillful personnel and adoption of digital signature certification authority as to tackle the most important challenges in e-banking. Kautish (2008) presented the paradigm shift of banking sector from ancient banking to online banking. The target of the paper was to talk about the derivation useful added tool of online banking industry which was used to attract new customers and retain the prevailing ones. It helped the banks to accumulate more business from existing customers. Individuals preferred to use online banking due to its convenience, higher performance, ubiquity, speed and its effectiveness. Further, the author mentioned two bank models integrated banking model where the banks offer internet banking services as an extension to their basic services like ATM and phone banking. So, it’s a sort of hybrid approach and also the other was complete internet banking model, where the banks totally trust the online channel. To enhance the services through e-banking, banks should assume from the customers’ perspective and there should be creative thinking and innovation in planning and implementation of e-banking processes. The author terminated that as e-banking was a comparatively new thought in the international banking situation so the better of this idea was nevertheless to return. Suresh (2008) highlighted that recently developed e-banking technology had created unexpected opportunities for the banks to prepare their financial products, profits, service delivery and marketing promotion. The objectives of the study were to guage the distinction between traditional and e-banking, and to distinguish the core capabilities for the most effective use of e-banking. The author analyzed that e-banking are going to be an innovation if it preserved each business model and technology information, and troubled if it destroys each the model and information. He additionally differentiated e-banking from traditional banking in 5 ways in which, namely, value proportion, market scope, value structure, profit potential and worth network. However, in order to use technical and business capabilities of e-banking, banks should generate additional customers within and outside Asian nation in order that a lot of revenues can be generated that lead to higher way forward for Indian economy. Sarangapani and Mamtha (2008) considered the effect of Information Technology on banking sector and its security associated aspects. As a result of recent developments in banking system and with introduction of Basel-I and II implementation; clients are more demanding nowadays and it needs innovation in banking services. The researchers found that currently the financial industry has been a lot of customer-oriented with unlimited market place, in depth product breadth and e-enabled services provided to the clients. The IT initiatives in financial business have resulted into diminution of time. Introduction of negotiated dealing system, screen primarily based trading and RTGS for on-line settlement of inter-bank transfers of fund had conjointly resulted into safe, secure and fast movements of funds. The authors conjointly studied e-security aspects of banking that cause harm and threat to the prevailing e-banking system. It includes unauthorized access to automatic data processing system or network, stealing info, e-mail bombing, information diddling, abnegation of service, etc. The authors concluded that existing legal framework was capable to meet the challenges of e-banking; and it had become essential to make awareness of e-banking among clients, banks and societies. Different enterprise have been created by the researchers to present a detailed look to the idea of electronic banking. The review of literature on condition that e-banking services have a negative impact on banks’ gain within the short run owing to increased capital costs on account of technical and electronic infrastructure, coaching their staff and also to make the surroundings where the banks will electronically operate polishly. Nevertheless, these services have a prescribed effect on the gain of banks within the long-term. Despite the increasing importance of E-banking services, the analysis concerning E-banking in Indian context has been restricted. Whereas concluding, it may be same that e-banking services are complementary to the prevailing branch network and not a substitute to it. Raja et al. (2008) evaluated the impact of e-payment system on the business opportunities. They distinguished that due to the growth of web users, several electronic payment mechanisms had been developed to cater the variety of candidates. The researchers assorted the electronic payments into three main groups, namely, cash like systems, check like systems, and hybrid systems that were a lot of classified to master cards, ATM cards and e-cheques. They distinguished three main issues related to e-payment that were security identified, low interest among businessmen, and high reliance on ancient payment ways. They similarly analyzed that there are technical and cultural problems that hinder the path of e-payments. However, to make e-payments a lot of sensible, security threats have to be compelled to be reduced; and people need to be completed that ancient payment ways were longer intense than electronic payment ways. They have to even be completed that plastic card payments were lots of convenient, easier and safer than cash or cheques.

According to Dhekra AZOUZI (2009), most respondents were between eighteen and 30 and there’s no state of affairs within the gender distribution of the respondents: were male and female. The good majority of respondents were at least bachelor’s degree . Thus, it seems that the respondent profile acknowledge by its age and its high level of instruction. ATM is the most well-liked electronic channel for banking; it’s used entirely or collectively to traditional bank branch like internet banking that attracts the respondents. Malarvizhi (2011) mention that educational standing is a vital socio-economic issue for analyzing user’s perception on e-banking. Several studies have investigated the results of the customers’ demographic characteristics like age, gender and academic level on their perspective towards completely different banking technologies and individual acceptance of new technology(Alsomali et al 2008). The idea of Joseph et al. (2009) evaluated the impact of electronic banking on the service delivery by the banks to its customers. Researchers reviewed that after customers were in direct contact with the technology (such as internet banking), they’ll exercise higher management, whereas once there was absence of direct contact (such as phone banking), lesser management was perceived. A sample of 440 e-banking clients was taken, and examined usable questionnaires were analyzed. Six factors model was accustomed adequately represent the information and also the factors chosen were convenience, accuracy, efficiency, queue management, accessibility and customization. The study examined customers’ perception for e-banking services, attributes of e-banking services and client perception of e-banking. The study recommended that banks need to provide statements of all transactions; customers need to be provided toll free numbers; and banks need to conjointly develop electronic banking facilities to satisfy the requirements of aged and disabled individuals. According to Aijaz Ahmed Shaikh et al, (2012) ATM occupies a vital position within the e-Banking portfolio. It’s given the clients a high quality of life permitting them to access money and other financial info. Its role in promoting, developing and increasing the idea of ‘Anytime anywhere Anyplace" banking is simple. It offers a true convenience to those that are on the run in their daily life, but at the same time, it conjointly carries an enormous component of risk. In this paper we’ve got investigated and incontestible a mapping flaw (bug) in the ATM Controller (commonly called financial middleware), which permits the ATM card holders of assorted banks to fraudulently withdraw money from the ATMs of ACB Bank restricted. The flaw remained undetected for nearly three months. Since the breach has been totally investigated, therefore, concluded that the banks’ control system had failed to observe the implantation of mapping bug which divested the bank of over twenty one million Pakistani Rupees. In addition, lack of understanding more prominent management on the systems & procedures supporting ATM Infrastructure compete a major role in developing the bug. Considering the character of the fraud and also the degree of losses paper has suggested strong internal controls implementation over the payment system applications. An in depth review of fraud screening strategy is also suggested to make sure that the protection tools are optimized for their specific product or service. Turnkey ATM solution has conjointly been suggested for the ACB Bank Limited.

According to Woldie et al, (2008), several banking clients in African country still complain concerning the high service charges imposed by banks. These charges the banks argue are due to or bear direct relationship to their brick and mortar channel delivery technique costs. Fatima, Amtul, (2011) Security threats will affect a financial organization through various vulnerabilities. No single control or security device will adequately defend a system connected to a public network. Several issues regarding the security of transactions are the results of unprotected information being sent between clients and servers. Gary Zivkovich (2008), more expressed that online transaction is risky because all dealing takes place online. Despite of all security measures that banking drained on-line banking, there are still several fraud cases attributable to client and by disclosing the private details via electronic message (e-mail). Mason Lewis (2010), expressed that credit card debt firms are suffering as several of the borrowers are finding difficulties in making repayments. Several of the credit card loans have become unhealthy credits for the credit card debt firms and also to customers. Credit card debt firms are agreeing for the settlement to refund some money. Indeed settlement assists to keep up the credit report as well. Aslam et al (2011) cited that the majority of the respondents who were single believed that there’s lack of security and there’s risk and high percentage of hacking, and fear of incomplete transactions in using electronic banking. Base on the study of Gabriele Sabato (2010), Credit risk models accustomed measure credit risk at counterparty or transaction level and take issue considerably by the nature of the counterparty. Rating models have an extended term vision (Through-The- Cycle) and are continually connected with corporate client, financial organization and public sector. As a substitute, grading models focus more on the short term (Point in Time) and are often applied to non-public individuals and, recently extended to small and Medium Sized Enterprises (SMEs). According to Ted Torres (2011) in Davao city, One Network Bank inc. or ONB, are going to be opening five micro-banking offices (MBO). The MBOs will be placed in Brgy. Catalunan Grande, Brgy. Cabantian, Brgy. Bunawan, Brgy. Sasa and Piapi. Every MBO will be technologically enhanced as regular branches with cash dispenser machines (ATM), point-of-sales (POS), debit bills payments, electronic foreign remittances, money transfers, and net banking. According to religion, V., & Kohli, S. (2009) the expansion and emergence of the internet over the past decade has led to the emergence of a brand new field of Electronic commerce. It’s essentially the paperless exchange of business information and transactions. It’s carried on electronically, typically through tools like the internet and the intranet. E-banking is one kind. It implies the availability of banking products and services through electronic delivery channel.

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Online Banking Essay Examples

Type of paper: Essay

Topic: Knowledge , Education , Banking , World , Finance , Countries , Internet , Money

Words: 1000

Published: 03/30/2020


Banking system has undergone tremendous changes in the world. It is worth nothing that banking begun with the banks of merchants during the ancient world. There is various evidence that have been found in the world that show the presents of banking systems during the ancient times. The banking system has undergone a lot of changes and with the advancement of technology and globalization banking is currently at its digital stage. Customers in the modern world can carry out transactions through secure websites that are operated by virtual bank, retail bank, as well as credit union. The banking system in the first was used for safekeeping and depositing financial institutions. The banks have tremendously evolved to serve multiple purposes. In fact, banking has become part of almost every activity that people undertake in society. Through the introduction of World Bank and Federal banks, banking has become very safe and eliminates the issue of crashing down during the financial crisis. Online banking has various advantages that are linked to its service provision and availability. Notably, online banking is very beneficial today to households and even institutions during the payment of bills. This is because online banking has made it possible for people to pay bills at their door step (Mayer 16). Education is an important issue on every society; online banking has also led to the payment of school fees through online banking system. Parents and guardians do not have to physically visit the bank or schools to pay fees. Online banking is also beneficial through the payment of taxes, as well as timely alerts on all the transaction. Through online banking, an individual can easily follow or receive alerts of all the transitions carried out in their bank. On the same note, online banking has facilitates easy management of funds by transferring from one account to another (Llewellyn 20). This means that the interbank transactions can be carried out in a very easy manner. The possibility of undertaking all this transaction in an easy method saves a lot of time because it makes it unnecessary to visit the bank physically. Online banking is very convenient because it can be done at any time. People in the world always carry out transaction at the comfort of their home. In the past, individuals had to persevere on the long queue in order to be served in the bank, but today that is history, thanks to online banking (Saunders 45). The cheque books and other banking facilities can be ordered online; hence, it ensures that those who are using cheques transact at the comfort of their homes. Shopping and direct purchasing of products is a possibility today because of inline banking. Evidently, individuals can easily do shopping on various online shops and stores due to the presence of online banking facilities (Llewellyn 32). Online banking is beneficial because there is better interest rate. The physical banking system is known for heavy penalties on withdrawals carried out in fixed deposits, but online banking levy less penalty on fixed deposits. Internet banking is also beneficial since it makes issues such as loan calculation, financial budgeting, financial planning, as well as financial forecasting a possibility. In the past, carrying out such actions could not be possible or very tedious. In addition, the introduction of mobile banking has given a greater boost to online banking. This is because online banking can be accessed at any place and time. Mobile banking in the broader perspective is much beneficial because it is environmentally friendly and eliminates the use of papers. In the general perspective, online banking has various advantages and continues to be helpful in many ways. Globalization is one of the best achievements of the recent centuries. Online banking has been very beneficial in globalization since it allows for the transfer of funds from the international and national banks in one country to a national bank of another country through global wire transfer. In this manner, professionals working in foreign countries can hold accounts in their host countries and receive their salaries without having to return home for payments. Immigrants working on international territories such as Africans working in the United States and England can also send remittances back to their families through global wire transfer and other online banking techniques such as e-pay, Payoneer, and money bookers. Even further, several programs in the developing countries are sponsored by foreign aid from countries such as the United States and the United Kingdom. These projects such as HIV/AIDS control programs in the sub-Saharan African region receive funding through online banking and do not have to travel by air to go and collect the cash for running the project from the donor countries. Nevertheless, the online banking system equally faces challenges despite its great success. With the growing Information Technology inventions and knowledge, different people use this knowledge for different purposes. On several occasions, people have lodged complaints of fraud through online banking. Hackers break into the systems of banks and personal accounts and tamper with the records as well as divert funds from individual accounts into their own, making the online banking system vulnerable to theft. Unlike the past where it was impossible to withdraw money from another person’s account without their permission, people today withdraw fraudulently withdraw large amounts of money through online banking without the knowledge and consent of the account holders. Additionally, the existence of several payment platforms also exposes people to fraud since recognizing genuine money transfer facilities might be difficult, especially for people with little internet knowledge and information.

Works Cited

Llewellyn, D.T. (1995), ‘Universal Banking and the Public Interest’, in A. Saunders and I. Walter (Eds), Universal Banking, Irwin, New York. Mayer, C. (1994), ‘Financial Systems, Corporate Finance and Economic Development’ inG.R. Hubbard (ed.), Asymmetric Information, Corporate Finance and Investment, NBER, University of Chicago Press, Chicago, pp. 307-332. Saunders, A. (1996), ‘Key Changes in Banking and Finance’, paper presented at 49th International Banking Summer School, Sorrento, June, mimeo, Stern Business School, New York University, New York.


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Essay – Digital Banking – Pros & Cons | Descriptive Paper Writing for Mains

Hello and welcome to  exampundit . Here are the winners of EP’s Descriptive Contest Part 2. The topic “Digital Banking Essay – Pros & Cons” is topped by Pallavi and the runner-up is Pruthvi Ghanta.

Digital Banking Essay – Pros & Cons by Pallavi (Winner)

The drastic digitalization over the past few years has indeed affected almost every sphere of our lives. One of the most recent effects has been the move towards a cashless economy in India. Starting with the note ban in November 2016 due to the sudden withdrawal of the notes of Rs.500 and Rs.1000 denominations from the economy overnight, the Indian economy is going cashless.

In other words, least paper transactions will be involved, substituted by more digital transactions with the help of internet banking, digital wallets, Point-of-Sale machines, credit and debit cards, etc. These are having multiple implications on the economy with the following advantages and disadvantages.


  • A cashless economy will allow less tension of tackling a wallet full of notes along with us, which is not at all safe in a world full of anti-socials. We can rather use our mobile as a one-stop solution for all kinds of transactions such as bill payments, fees payments, funds transfer, recharge, etc.
  • It will ensure a ‘black-money free India’ or rather the so-called ‘parallel economy’ where people collect money in their closets at home without coming under the purview of tax .
  • Crime rates have already started diminishing due to cash ban as most of the terrorist activities are funded with black money that has bore the brunt of this. In addition to this, other crimes such as burglary, extortion, bank robbery, etc. are also declining.
  • One of the biggest advantages is the increase in the span of the income tax. Due to least involvement of cash, transactions have to be done through banks where proper KYC verifications will be done prior to banking transactions and hence, it will be easier for the Government to monitor and mend the income tax evasion by the unscrupulous persons. This will, in turn, enhance the revenue received by the Government.

Above all, the cashless economy will lead to the most convenient and secure economy for all.


Apart from the brighter side of the digital economy , there are also some darker side associated with it as explained below :

  • The cashless economy will see a hike in the hacking of the personal information over the internet such as credit and debit card numbers, PINs, passwords and other sensitive information due to an increase of digital transactions. In short, cyber crimes will escalate like anything if proper internet security measures are not taken.
  • The poor section of India who is in majority and is scarcely covered under conventional banking system will suffer a lot, as they are solely dependent on cash for their daily wages.
  • Sectors such as real estate, retail, restaurants, cement and other MSMEs, where huge cash transactions are involved are going to be affected terribly.
  • Inadequate internet facility, low internet speeds, limited smartphone and broadband penetration, very less PoS machines are the roadblocks towards achieving full digitalization that is here the main substitute for cash transactions.

In short, a cashless economy can only be possible with sufficient infrastructure and planning that are required for supporting an economy like India.

Digital Economy – Pros & Cons by Pruthvi Ghanta

The term digital economy was first coined by Don Tapscott in his book “ The Digital Economy : Promise and Peril in the age of Networked Intelligence.

Few decades ago India faced severe problem , Nearly half of our country’s population didn’t have any form of identification, later Aadhar Cards provided digital identity to our people. Likewise now India is facing another problem of tax evasion and black money. So to curb these pitfalls Finance Minister Arun Jaitley in his Budget 2017-18 speech promoted digital economy with a string of measures to make e-transactions easier. Also Ratal.P.Watal who headed the committee on Digital Payments termed “ Digital payments are to finance what the wheel is to transport.”

Indian government is spending huge money for schemes to make people use digital currency like Digi Dhan Melas, schemes like Lucky Grahak Yojana, Digi Dhan Vyapar Yojana, No cash transaction above 3 lakh rupees, referral and cash back schemes to use BHIM app,etc., Government decided to remove all the duties on point of sale machines to promote digital transactions which is a part of govt’s target of 2500 crore transactions in 2017-18. Also banks have targeted to introduce additional 10 lakh PoS terminals by March 2017.

This is a good business opportunity for new companies like payments banks, Digital economy increases India’s tax base so that this amount can be utilised for more developmental activities. The cost benefit ratio is high using digital currency as there is no printing, manual security, life duration to the currency.

But in other aspects there are  several problems using digital economy , the first and foremost one is security from hackers as many confidential passwords are stored online there is high probability that hackers may steal one’s personal information.  In addition to this operational costs are high as the services offered charges as per your transactions like gateway fee, transaction fee etc. Another biggest problem vests with the illiterate as majority of Indians are living in rural and are illiterates, as they don’t know how to use these and they even don’t believe all this stuff.

So, by increasing banking penetration towards the masses, Decreasing the costs of Point of sale terminal, ensuring high security features to the digital economy may paves way to a New India.

Team ExamPundit

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essay about internet banking

350 Banking Essay Topic Ideas & Examples

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  • Interpersonal Leadership Skills in Bank of America However, it is clear that the issue is not the demographics but the inefficient leadership in the company and the lack of interpersonal skills that would make people want to work at Bank of America.
  • Big Data Analytics in Central Banking In addition, the rate is integral to the overall cost of living, which parameter is in a cause-and-effect relationship with inflation.
  • Workplace Inclusivity at International Bank of Commerce Even if employees of color do not ascribe significance to the unequal distribution of power in the bank, the lack of diversity is evident.
  • Abu Dhabi Commercial Bank PJSC The discussion takes a general overview of the company, its mission and vision statements, strategic goals, and key objectives. The key objectives Abu Dhabi Commercial Bank wants to realize include: Growing transaction volumes and assets […]
  • Banking System: The Brief Analysis This is a fictional story that comes perilously near to the reality about the basic foundations of modern society. The primary objective of this story is to demonstrate reality’s simple math and the existing banking […]
  • Bank Pekao S. A.: Performance and Strategy Compared to its peers in Poland, Bank Pekao is uniquely placed as it launched a brokerage house and made practical biometrics technology in the banking industry, contributing heavily to the bank’s assets quality and investment […]
  • Financial Analysis of Al Ahli Bank of Kuwait Al Ahli Bank of Kuwait’s main competitors include Commercial Bank of Kuwait SAK, Gulf Bank KSCP, Burgan Bank SAK, and the National Bank of Kuwait.
  • Banking Sector of the United Kingdom At the same time, the banking sector of the United Kingdom had to balance between its financial losses and the ability to provide loans and debt-moratoria in order to support the country’s financial stability. In […]
  • Case Study of Hong Kong Shanghai Banking Capital From HSBC’s perspective, money laundering represents one of the most significant internal risks due to the worldwide presence, especially in certain economic areas with facilitated financial regulation and considerable economic influence, such as Hong Kong […]
  • Risk Factors Affecting Bank Nordik’s Operations and Risk Management Control measures adopted by the firm to manage these risk categories are explored in this investigation and the findings used as a justification for the development of a robust risk management plan.
  • The Albilad Capital Bank’s Mission and Vision Since the bank is striving to renew its mission and vision from the start, it is crucial to identify the values and vectors of direction.
  • National Australia Bank’s Sustainability Challenges One of the reasons for the success of NAB is the overall strategy of the company, which focuses its capital management on adequacy, efficiency, and flexibility, maintaining the economic balance to support and strengthen the […]
  • Aspects of Electronic Banking The significance of our study is in the critical issues of e-banking and the areas of improvement that the banks can eliminate or improve to boost customer satisfaction.
  • Alonzo vs. Chase Manhattan Bank, NA Case Study However, the author provides an insight into the matter by claiming that the policy concerning workplace discrimination took a dramatic turn in the early 1960s upon adoption of the Title VII of the Civil Rights […]
  • Political Theories and the World Bank Known as ‘power politics’ or means to exercise power World Bank massive financial institution which poorer nations depend on for subsidies Manner of soft power of the richer states contributing to the World Bank […]
  • Misconduct in Banking, Superannuation and Financial Services The company was included in the Royal Commission report due to ASL and NM releasing the trustee duties of their funds because of the AMP Group membership.
  • Sexual Harassment in Meritor Savings Bank vs. Vinson Case Mechelle Vinson, a defendant and a former employee of the plaintiff bank, filed a lawsuit against the bank and its bank manager Sidney Taylor. Sidney Taylor was the vice president of the bank and the […]
  • Considerations in Investment Banking However, to ensure a fruitful outcome, the CFO should choose a qualified and experienced investment banker to represent the facility. Secondly, the selected investment banking firm is expected to act as both a matchmaker and […]
  • The Impact of Bank on the Cost of Financial Intermediation Also, since the two variables are not controlled; bank concentration and national institutions, the research argues, however, that the measures of concentration capture the efficient structure theory and market power theories.
  • Bank’s Provided Opportunities to Attract Consumers The offers are the following, to choose the credit card which backs cash when the consumer makes an online purchase, the other option is take the credit card which backs cash when the consumer makes […]
  • Hongkong and Shanghai Banking Corporation: Approach to Operating in China According to Luthan and Doh, centralization played a significant role in HSBC’s success in the new market. It was also the first company to establish a locally incorporated entity in Taiwan and Vietnam.
  • Grameen Bank’s Socially Responsible Innovation The bank targets the poor and marginalized with both financial assistance and information to help them grow. The Grameen Bank has continued to register impeccable performance on the social, economic, and environmental dimensions.
  • A Problem in Implementation of CSR in the U.S. Banking Industry Corporate social responsibility is essential in this age of intense globalization and competition – essential for firms to survive in the competition and also important for firms.
  • The Bank of America Corporation: Planning & Organizational Analysis The Bank may use environmental adaptation planning activities to enhance external relations with stakeholders such as customers, governments, suppliers and the public.
  • Digitalization of E-Commerce in Bank of Ireland The interview with the Senior Director in the Property Finance division of Corporate Banking, Michael Murray, revealed the importance of the advance of digitalization for the Bank of Ireland. These and other technologies will enable […]
  • The 1920 Farrow’s Bank Failure and Its Causes In this context, the company would be resilient to any stresses, and the outcome of the situation may be the opposite.
  • The Mountain Bank’s Strategy Analysis The most suitable competitive business strategy, in the case of the Mountain Bank is to build the presence in the market of consumer lending and corporate banking.
  • Banking: Financial Transaction Risks In that case, even the losses-free termination of the transaction would be a failure since the goal of acquisition would remain unachieved.
  • Bahrain Development Bank: Analysis To identify and develop ways of assessing learning at the working station to facilitate the employees’ skills and competencies. To identify ways of integrating training capability and focus on the organizational processes through skills acquisition […]
  • ICBC Bank – China: Overview The shifted focus of ICBC’s policy became the major contributor to the growth of the company on the international market and the subsequent cultural changes.
  • Customers’ Perceptions of M-Banking To find answers pertaining to the major objectives of the study, the gathered data was analysed using SPSS v.23. An exploratory factor analysis was run to group the existing variables into factors, and also to […]
  • “Attitudes Towards Mobile Banking” Article by Sohail & Al-Jabri In the introduction of the article, much background information, an overall evaluation of the situation in the banking industry, and the purposes of the study are discussed.
  • The Bank of Toroda: A Stakeholder Approach “Stakeholders are persons, organizations and groups that have to be considered by managers, directors as well as front office workers.”
  • Corporate Bias in the World Bank Group’s International Centre The institution judges the Pan Rim case neglecting the El Salvador government’s views, local communities, and the Catholic Church. It does not prioritize the protection of the environment and human rights.
  • Alinma Bank Industry Analysis. Case Study The demand for the services is another essential factor that shows the industry is profitable. The presence of many investors in the country shows that the demand for financial services is high.
  • Impact of Online Banking on Dubai International Bank DIB has developed t-banking (telephone banking), e-banking (electronic banking) and m-banking (mobile banking) from this trend.
  • Phishing Victimization on Internet Banking Awareness Therefore, the study is meant to determine and evaluate consumer susceptibility to e-banking victimization through phishing attacks. Subsequently, the study will be designed to evaluate the effectiveness of phishing victimization training to E-banking consumers.
  • ICT: E-Banking and Firm Performance ICT is concerned with storage, retrieval, manipulation and transmission of digital data. ICT involves software, hardware and systems.
  • P&G & Royal Bank of Canada’s Securities Valuation The discussion in the paper focuses on the Two-Fund Separation theorem. The discussion also reveals that the asset allocation problem focuses on the allocation of resources between two risky assets.
  • Governance Failures in Australian Banking Sector Firstly, executive compensation in the Australian banks was not tied to performance outcomes, and, secondly, the major problem in the CEOs’ conduct was related to the field of ethics.
  • Hongkong and Shanghai Banking Corp and Wells Fargo Speaking of the Income Statement, Wells Fargo wisely divides it into interest income and expense and non-interest income and expense, and this aspect eases the overall calculations of financial ratios.
  • Noor Bank’s Balance Sheet and Income Statement The bank’s operating income from Islamic banking and sukuk amounted to more than 895 million AED compared to 678 million AED in the previous year.
  • Banking Institution and Transaction Regulations In the case of Brittany, it is the duty of the bank to authenticate all transactions on her account. In the process of negotiation, most parties often focus on the substance of the deal and […]
  • Bank of America’s Strengths and Weaknesses Interestingly, even non-banking institutions such as Quicken Loans and Leader Bank have started to claim a share of the market held by Bank of America. The root cause of the Bank’s mortgage troubles emanated from […]
  • Bank of America’s External Analysis in 2013 Among the major lenders in Massachusetts, for instance, Bank of America was the only bank that recorded a notable decline in the volumes of purchase and refinancing loans relative to other years. Apparently, competition has […]
  • Sales Portfolio: A Bank Mortgage and Marketers Although a mortgage has several advantages to both the commercial institution and the customer, it has its share of disadvantages. Many clients are reluctant to take up a mortgage because of the high interest rates.
  • Banking With WikiLeaks If Wiki Leaks has the right to be served by a financial institution, the company must ensure that it does not harm the operations of the institution.
  • The Essence of the Islamic Banking System Riba of the Quran is called Riba An-Nasiyah and riba of the of Sunnah is called Riba Al Fadl. In the context of Islamic banking system, gharar is excessive uncertainty.
  • The Pros and Cons of Investment Banking The investment banks are also referred to as proprietors since they are involved in trading of marketable instruments using their own money as opposed to that of investors.
  • Factors Effecting Bank – Borrower Relationship in UAE The Middle East region’s banking industry is one of the fastest growing in the world. It is projected that the industry will get even better in the future due to the nature of the business […]
  • Bank of China Limited: Overview That said the objective of my effort is to present a report on the Bank of China’s IPO of 2006. This listing was exceptional since it was the only bank of China that had managed […]
  • Banking Industry: Successes and Failures These banks are regulated by the federal government and are required to be members of the Federal Reserve. However, these banks are not compelled to be members of the Federal Reserve.
  • Commercial Bank of Australia Ltd vs. Amadio The decision by the court held that the bank manager and the commercial bank were aware of the special disadvantage of the Amadios and made no substantive efforts to ensure that Amadio clearly understood the […]
  • Mortgages Offered by the RBC Royal Bank From your profile and to the best of my knowledge, I take pride to inform you that we have five financial investment products that best suit you.
  • Banking and Financial Markets: Asset-Backed-Securities Thus, there are four notable main stages in the process of creating the asset-backed securities and these include: Segregation of assets from originator or seller Creation of a specialized functional vehicle to seize the asset […]
  • Analyzing and Managing Systematic Risks in Banking Risk assessment is done to ascertain the nature of task before deciding the strategy of responding to it. Analysis and management of risks requires one to identify the nature of the risk involved.
  • Islamic Banking in Dubai and the UAE In an Islamic environment, the approach to financial operations such as the law of contracts, nature of property, interest rates and business transactions is quite different from the rest of the world.
  • Deutsch Bank Analysis and Performance Forecast The big bonus for banks came in the form of the Securitization Bill, which gave banks and institutions opportunity to recover from bad debts.
  • International Banking: New Basel The combination of the four changes in 2004 intended to speed up off-balance sheet mortgage securitization as the main avenue to drive the revenue together with the share price of banks.
  • Barclays Bank: Management Accounting Report This team assists the management in the gathering of information that is unilaterally used in management accounting to address specific challenges in the bank.
  • BNP Paribas International Banking Networks In the United States, the bank has a strong presence in the western part of the country, whereas, in Asia, it has fixed a secure and fast-growing business.
  • Riyadh Bank: The Historical Financial Analysis By the end of the third quarter of the year 2011, the organization has recorded a 15% increase in its net profit.
  • Budgeting of HSBC Bank UAE Branch Looking at their financial statements one will note that they are quite detailed with lots of financial items, which are specific to the bank, and understanding them requires referral to the notes accompanying the financial […]
  • Westpac Banking Corporation Analysis and Forecast The entry of foreign banks as well as the building societies which were speedily developing into banks and the emergence of other financial institutions increased competition in the Australian financial market.
  • The Analysis of Banorte Bank in Mexico The scrutiny of the bank’s fundamentals and variables of the bank form part of the report. Financial analysis and forecast of the bank’s financial performance is the major objective of the report.
  • Case on Private Equity in Saudi American Bank The problem was that the firm’s investment manager was investing for the first time and therefore, he had many questions to ask before he finally made the decision to invest in the company.
  • Commercial Banks and the Northern Rock Crisis Bank Roles Prior to the actual analysis of the case of the Northern Rock bank is a brief background that elaborates the scenario of the Northern Rock Bank Crisis.
  • Bank (HSBC) and Life Insurance Company (Protective) The report also investigates the profitability of the two companies, the metrics used to measure profitability, variation in the last five years and the reasons for these variations.
  • Investment Banking and Operations Management In a steady market, the bank uses the information conveyed in prices of assets to significantly allocate capital resource to the most profitable and ultimate use.
  • Investment Banking and Global Operations Management Essentially, banks engage in securitization process to increase their uncertain profit opportunities and also to adjust their asset portfolio Entering into the security markets through the perspective of the original financial institution is of great […]
  • Online Banking and Cryptographic Issues A disadvantage of online banking is that it inherently reduces the interaction between banks and their customers and in addition, security is not guaranteed in this type of banking, that is, hackers have a chance […]
  • The Failure of Superior Bank The crisis in Superior Bank was associated with the fact that the directors failed to observe and address risky financial management strategies that were followed in the organization, and the regulators did not pay much […]
  • Criminal Law & Bankruptcy: Bullard vs. Blue Hills Bank The action by the court caused Bullard to appeal against the decision to the BAP to which the BAP concluded that the denial was not the final.
  • First Citizens Bank’s Financial Income in North Carolina The income analysis pertains to a comparison of the profit, revenue, income and profit of the institution in the recent year for analysis on the position of the company.
  • Financial Risk Management in Islamic Banking Ahmed defined Islamic financial as a system of finance based on principles of Islamic banking, and that operates under the ethics of Islamic teaching.
  • Finance & Banking: Blades Corporation This is because of the volatility of international currencies and the risk that the changes in the value of the currencies will result in a loss from trade receivables and/ or payables depending on the […]
  • The Role and Functions of Law in the Banking Industry The first part provides answers to questions regarding the Cipollone versus Liggett Group case, the second part discusses the role and functions of law in the banking industry, and the third part looks at future […]
  • The Crime of Robbing the Big City Bank Combined with eyewitness testimony and video evidence, it can be stated beyond all doubt that Clark was guilty of the crime.
  • Citi Bank: Business and Corporate Law The enforces a number of Acts that include the Investment Advisers Act of 1940, the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Sarbanes Oxley […]
  • The Banking Industry: Brief Analysis They include the open market operations that are meant to regulate the amount of money in the reserve. This is important because it influences the transactions in the other parts of the economy, such as […]
  • First Gulf Bank Financial Activity The retail bank consists of accounts, deposits, credit cards, safe deposit lockers, loans and mortgages; the First Gulf Bank is the largest bank in United Arab Emirates with shareholder equity of over AED 20 billion […]
  • Forecasting of National Bank of Greece (Nbg Bank) Current liabilities are short term obligations that occur in the course of running the firm and have direct associations with sales.
  • Banking Analysis: Review The chart shows a continuous increase, with a few years of drop; but the scale of the chart for the most part is upward. The trend of consolidation comes across in the presentation of the […]
  • Islamic Finance and Banking. Basic Islamic Principles The Islamic banks approach to lending is very unconventional in that the bank does not give out the loan to a borrower per se, but instead acquires the asset on behalf of the borrower who […]
  • World Bank Mining Industry Forecast Therefore, this document will use the data provided by the bank to give a projection of mining, in a global capacity.
  • Corporate Cyber Risk Assessment: Bank of America Arguably, one of the most epic accomplishments of the 21st century was the invention of the computer and the subsequent creation of the internet.
  • Ethics in the Banking Industry in the UK It may be argued that organizations may require ethics as the part of their practices in the industry, but it may not be the essential or core part in any institution, specifically in the organizations […]
  • The Economy: The US Banking System Capital formation refers to the distraction of the economy’s productive capacity for the creation of capital goods which eventually increase the productive capacity in the future.
  • Banking Contract and Fiduciary Obligations The paper explores the relationship between a bank and a customer from the perspective of fiduciary obligations of a banking contract.
  • Bank Loans and Deposits Role in Saudi Arabia Monetary System The major feature of Islamic banking is confined to the bank’s concept of Profit and Loss Sharing, in this arrangement the banks depositors are strictly speaking not creditors to the bank per se, but rather […]
  • Case Analysis on Banking Industry of Germany The globalisation and competition of the banking industry have increased because of the growing importance of banking in the marketplace. The decisions of Basel II and the EU for public sector banking and capital markets […]
  • Bank Fraud: Easyloan Bank Ltd and ABC Pty Ltd This is similar to the situation in the US where the office of the Attorney and a section of the Criminal Fraud Department of Justice handles mortgage prosecution cases.
  • Unremunerated Reserve Requirement Policy: Central Bank of Thailand Under the impact of the World War II, the government of Thailand upgraded the status of the Bureau to that of a central bank by passing the Bank of Thailand Act in the year 1942.
  • Solvency Risk and Liquidity Risk of a Bank Differences The aim of this report is to identify the meaning of the solvency risk, liquidity risk, credit risk, dynamic provisioning, and the effective control of the solvency risk besides the problems which the bank encounters […]
  • The Banking Crisis of 2007-2010 The role of Credit Rating Agencies in the subprime mortgage-related securities market turmoil was scrutinized by the Securities and Exchange Commission.
  • Banco Popular Español and the Saudi Investment Bank In this paper, the analysis of two banks and their risk management will be given: Banco Popular Espa ol S.A.with its abilities to take care of liquidity, credit, and other risks and the Saudi Investment […]
  • Comparative Study of Conventional and Islamic Bank Performance in the GCC Segregated by bank group and criterion variable, the correlation-based shortlist of independent variables are as shown in tables 1 to 3 below and overleaf.
  • Economic Development as the Key Driver of Global Private Banking and Wealth Management Industry The reverse reality of salient features of wealthy people in different parts of the world is the observation that the vast majority of the populace live in poor and deplorable conditions.
  • Bank of America: The Staffing Process The effectiveness of staffs recruited in the bank depends on the ability of the bank to recruit the most suitable employees.
  • The Royal Bank of Canada: Investment Analysis and Management As a result, the regional bank grew to a national bank and this success is not only attributed to the strategies of the institution itself but also the role played by the people of Canada […]
  • Comparison Between Saudi Hollandi Bank Suk vs. Bank Bonds Besides, another factor is that through investments in such bonds, the investor gains certain amount of ownership in the assets of the company in the extent of his investments, which unfortunately is not possible in […]
  • UBS Investment Company in the Swiss Banking Sector The relation of the Swiss banking industry with Swiss economy and the future aspect of investment in the industry are discussed.
  • Saudi Banking Industry and Riyad Bank’s Performance In this context this paper analyzes the performance of the Saudi banking sector during the period from 2003 to 2007 in general and that of Riyad Bank, one of the major players in the Saudi […]
  • Fransi Bank’s Financial Analysis and Forecast The financial analysis reveals the financial performance of the bank and the key factors that help the bank to be a leading organization in the industry.
  • UK Banking Sector Recovery Plan The objective of the analysis is to identify the possible benefits, weaknesses and implications of the plan to the British economy.
  • Three Financial Ratios for Stock Investor and Bank However in the stock investor will be looking for a long-term capital gain, the equity debt becomes more important since the stability of the company would be more important than the current liquidity.
  • Changes in the UK and US Banking Industry In the 1980s the US banking industry experienced increased transformation to the regulation of the financial institution by the Federal bank.
  • Al-Rajhi Bank of Saudi Arabia vs. Dubai Islamic Bank For the purpose of our assignment, we will use values of the total share capital of the year, the profit for the year, and the dividends paid to the shareholders of the banks.
  • The Bank of England and the Financial Services Authority One of the most crucial changes that the agreement effected was the removal of the supervisory and regulatory role of banks from the Bank of England to the FSA.
  • Trails to Success: Bank of America On analyzing the strategy of work of Bank of America and the requirements set for the applicants, it is possible to state that professional skills are the basis of a successful career in banking.
  • Performance Evaluation of Al Rajhi Bank The financial statements and other information of the bank available at its website have been used to evaluate the performance of the bank.
  • Ethical Implication of Banking Bailout As such, if the government uses a billion to rescue the banking sector, it has to obtain this money from somewhere else in the economy.
  • Corporate Security Strategy: Financial Risks in Banking Sector
  • Customer Service Improvement Project at Qatar National Bank Evaluation
  • Theft and Workplace Problems: The Accidental Bank Robbery
  • Why Do Banking Policies Need To Keep Up With The Times?
  • Chase Bank Company Analysis
  • Creditpia’s Banking Sector
  • Reforms Necessary in the Banking System
  • Lloyds and Northern Rock Bank Buildings Semiotic Analysis
  • Goldman Sachs Bank in Economic Turmoil
  • HSBC – Criticised Over Their Banking Methods
  • Background About Garati Bank in Turkey
  • Home Loan Offered by Bank of America Corporation (BAC)
  • Total Quality Management in Abu Dhabi Commercial Bank
  • CRM Implementation Project for the Bank
  • Abu Dhabi Commercial Bank: Corporate Governance Principles
  • Bank Reporting System. Guidelines and Rules
  • The World Bank: Definition and Activity
  • Network Information and Activity Times in Banking Firm
  • Business Strategy: Mountain Bank
  • Case of Westpac Bank & St. George Bank Merger
  • Andrew Jackson and the “Bank War”
  • Diversity of Employees in the Boston Bank
  • Adopting a New IT Strategy in SBI Bank
  • Kiboko Bank: Business Ethics Issue
  • Grameen Bank’s Concertive Control Systems
  • Bahrain’s Al Salam Bank’s Offer for Bahraini Saudi Bank
  • Young Depositors and Face-To-Face Banking
  • Threat of New Entrants to Commercial Banking Industry
  • Oil Pricing and Demand in Connection With the US Banking System Position
  • Production & Organization Management in a Refinancing Organization
  • Standard Chartered Bank: Problems and Solutions
  • Competitive Advantage Source: Westpac Banking Corporation
  • World Bank – IMF and the United Arab Emirates
  • The United States Banking Industry: Economic Profile
  • Biometric Scanners in Banking Industry
  • Money and Banking. Financial Markets
  • “Banking and SME Financing in the United States” Review
  • Integration of E-Commerce Websites in Banking Systems
  • Global Banking Secrecy Toolkit
  • Banking in Saudi Arabia: Main Facilities, History, and Future
  • “Data Mining and Customer Relationship Marketing in the Banking Industry“ by Chye & Gerry
  • Kuwait’s Banking Sector Overview
  • Competitive Advantage in the Banking Sector
  • Global Reputation and Competitive Advantage in Banking
  • International Banking System
  • Hongkong and Shanghai Banking Corporation in Qatar
  • Banking and Finance in Australia: Preventing Collapses
  • “A Century of US Central Banking” by Bernanke
  • Gambling, Fraud and Security in Banking
  • Banking and Risk Management
  • Banking and Monetary Policy During Recession of 2008-09
  • Dubai Macroenvironmental Analysis for Banking
  • Banking: Interest Rates and Credit Creation Process
  • Banking in David Ashby’s “Money Mechanics”
  • Banking Sector in the State of Kuwait
  • International Banking Sector: Financial Regulation
  • Kuwait Economy and Corporate Governance in Banking Sector
  • Bond Market and Banking in Gulf Countries
  • Customer Satisfaction Management in Banking Sector
  • Westpac Banking Corporation Risk Management Policy
  • Citigroup: Credit Default Swaps in the Banking Industry
  • Risk in Banking Internal Control System
  • Hong Kong and Shanghai Banking Corporation’s Entry Into Japan
  • Banking Instability During the Global Financial Crisis
  • Satisfaction Management in Banking Industry
  • Hong Kong and Shanghai Banking Corporation Holdings
  • Retail Banking Products and Services
  • The Shift From Physical Personal Banking to Online Banking
  • Mobile Banking Adoption: Challenges and Solutions
  • Banking Industry Guidance
  • Employee Turnover Rate in UAE Banking Sector
  • Islamic Banking: Sales and Lease-Centered Models
  • Arbitration in Islamic Banking and Finance Dispute
  • Chief Information Officer’s Role in E-Banking
  • The Shadow Banking System: Financial Crisis Source
  • China Banking Supervision System: Defects and Improvement
  • Online Activity of Banking Sector in the UAE
  • Operational Risk in Conventional and Online Banking
  • UAE Banking Industry’s Status in a Global Context
  • Customer Engagement in the Greek Retail Banking Sector
  • Landsbanki Banking Analysis and Bank Alternatives
  • Kenya as a Leader in Mobile Banking of the World
  • Resistance to Change in Banking Orhanisations
  • Resistance to Change in the Banking Sector
  • Customer Service in the UAE Banking Sector
  • Australia and New Zealand Banking Group Management
  • Corruption and Ethics in China’s Banking Sector
  • Islamic Banking Principles and Relevance
  • Islamic Banking: Tools and Techniques
  • Banking Sector Cyber Wars and International Hacking
  • Islamic Banking and Financial Markets Critical Issues
  • JP Morgan Chase’ Banking Analysis
  • Banking Institutions Improvement
  • Money’s and Banking’ Concepts
  • The Basel Committee Role in Banking
  • China’s Banking Sector Analysis
  • Greenbelt Banking Company’s Human Resource Management
  • Islamic Banking Principles
  • Boosting Sales in Retail Banking for 2012
  • Banking Regulation and Taxation
  • UAE’s Banking Industry Analysis
  • Money and Banking: The Economic Recession of 2007
  • The Russian Banking Sector
  • The Use of CRM in Australian Banking Industry
  • Money and Banking: David S. Ashby’s Perspective
  • Sustainable Development: The Banking Sector
  • Big Four: Banking in China
  • Banking Credit Risk Management
  • How to Keep Customers Loyal to Online Banking
  • Banks, Bank Firms and Financial Intermediaries
  • Market-Based Versus Bank-Based Financial Systems
  • Bank Mergers and Cost of Capital
  • Managing People in the Bank of America
  • The Implications of Internet-Banking on Bank Profitability
  • Service Quality Model in Internet Banking and Finance
  • Projected Customers Maintaining Strategies in Banking Industry
  • The Banking Industry in the United Arab Emirates
  • IPScape in the Australian Banking Sector
  • Bonus Banking: Case of UBS
  • Crossvergence in the Banking Industry
  • Ameribank and Online Banking
  • Benchmarking in the Investment and Banking Sector
  • Overcoming the Debt Crisis by European Banking Sector
  • National Bank of Kuwait: Employee Appraisal Problem
  • An Investigation of the Sustainable Benefits of Agency Banking in Kenya
  • HSBC Bank’s Kenyan Entry Strategy
  • The Basel Committee on Banking Supervision
  • Bank of America and Silver A-Plus Card
  • An Evaluation of the Economic Issues Identified in the ICB Report on Banking
  • Comparison of the United States and Saudi Arabian Banking Sector
  • Crisis in the Banking System of Korea
  • Financial Industry Analysis on MCU Sustainable Banking
  • Problems in Banking Regulation
  • Central Banking and the Money Supply
  • The Different Roles Played By the Central Bank, Depository Institutions, and Depositors in the Determination of Money Supply
  • The UK Banking Practice That Led to Financial Crisis
  • Is Bonus Banking the Answer?
  • Human Resource Management at the Bank Alfalah
  • Bank of America: Realizing Servant Leadership
  • Citibank’s E-Business Strategy and Competences
  • A Marketing Research on Mobile Banking
  • The Too Big to Fail Phenomena in the Banking Sector
  • HSBC Holdings: Chinese Banking Sector
  • Federal Reserve; Money and Banking
  • Employee Motivation Factors in Banking
  • Crisis Management: Online Banking Security Breach
  • Mobile Banking in Saudi Arabia: Towards Understanding the Factors that Affects the Sector
  • Société Générale Bank: Effective Security Controls
  • Banking Industry Analysis
  • The History of U.S. Banking Crises: Cause and Effect
  • What Is Current Research in Money and Banking?
  • What Is the Study of Money and Banking?
  • What Are the Advantages of Banking?
  • U.S. Money and Banking: What Is the Key Issue Facing Us?
  • What Are the Main Topics of Money and Banking?
  • What Is the Best Research Topic in Money and Banking?
  • What Is the Divergence Between Accounting Standards and Banking Regulation?
  • What Were the Causes of the Banking Crisis of the 1930s?
  • What Are the Types of Banking?
  • What Is the Biggest Problem in Money and Banking?
  • How Do I Choose a Topic for Research in Money and Banking?
  • What Are the Most Important Money and Banking Services?
  • What Is the Banking System Like in South Korea?
  • What Are Some Good Thesis Topics in Finances and Banking?
  • What Are the Money and Banking?
  • What Are the Types of Money and Banking?
  • Why Is Banking Research Important?
  • What Are the Main Functions of Money and Banking?
  • What Is the Main Role of Banking?
  • What Do You Study in Banking?
  • What Are Money and Banking Used For?
  • Who Invented Banking?
  • What Are Basic Money and Banking Skills?
  • What Does Mobile Banking Need?
  • What Are the Categories of Money and Banking?
  • What Is the Purpose of Money and Banking?
  • How Does Islamic Banking Work?
  • What Is the Connection Between Accelerating Inflation and Decreasing Effectiveness of Banking Regulation?
  • What Is the Role of Money and Banking in the Economy?
  • What Are the Current Trends in Banking Industry?
  • Cost Accounting Essay Topics
  • Crisis Management Essay Titles
  • Corporate Finance Essay Ideas
  • Forecasting Questions
  • Insurance Ideas
  • Risk Assessment Questions
  • Quality Assurance Questions
  • Private Equity Research Ideas
  • Chicago (A-D)
  • Chicago (N-B)

IvyPanda. (2024, March 2). 350 Banking Essay Topic Ideas & Examples.

"350 Banking Essay Topic Ideas & Examples." IvyPanda , 2 Mar. 2024,

IvyPanda . (2024) '350 Banking Essay Topic Ideas & Examples'. 2 March.

IvyPanda . 2024. "350 Banking Essay Topic Ideas & Examples." March 2, 2024.

1. IvyPanda . "350 Banking Essay Topic Ideas & Examples." March 2, 2024.


IvyPanda . "350 Banking Essay Topic Ideas & Examples." March 2, 2024.


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  2. Internet banking security essay in 2021

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  3. Internet Banking, Online Banking

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  4. 🎉 Research paper on banking. Internet Banking Research Paper. 2019-02-20

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  5. What Is Internet Banking Essay Example

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  6. To what extent is internet banking safe Essay Example

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  1. Advantages of Internet

  2. Quotations about internet


  4. Quotations for Essay Internet || 12th Class Essay Internet Quotations || Quotations on Internet ||


  6. Uses of internet essay in English


  1. Internet Banking Effects and Results

    Effects of Internet Banking. In the analysis of the world's economy, the online banking service sector has precipitated the increase in the number of those using banking facilities and drastically changed the culture of our banking and shopping. This translates to a more vigorous banking sector that can play an important in an economy.

  2. Essay on Internet Banking

    Essay # 1. Meaning of Internet Banking: With the growth of internet and wireless communication technologies, telecommunications etc. in recent years, the structure and nature of banking and financial services have gone for a sea change. Internet banking or e-banking is the latest in this series of technological wonders in the recent past which ...

  3. Internet Banks: Pros and Cons

    These institutions offer online banking and other financial services without a network of branch offices. The first fully-functional direct bank insured by the FDIC was the Security First Network ...

  4. What Is Online Banking? Definition and How It Works

    Online banking allows a user to execute financial transactions via the internet. Online banking is also known as "internet banking" or "web banking." An online bank offers customers just about ...

  5. The Impact of the Internet on Banking

    The latest trend which shook the market was Technology in the mobile banking, ATM (automated teller machine) and the locally shared services between banks. Internet enables banks to service it customer 10 times faster than a few years ago and brought down its operation cost to one third.

  6. Essay On Internet Banking

    Essay On Internet Banking. 939 Words 4 Pages. Internet banking is an electronic payment system that enables customers of banks to conduct transactions on a website operated by the them, such as a retail bank, virtual bank, credit union etc. Internet banking is also referred as online banking, e-banking, virtual banking and by other terms. ...

  7. 107 Banking Essay Topic Ideas & Examples

    Published: Feb 01, 2024. Inside This Article. 107 Banking Essay Topic Ideas & Examples. Banking is a fundamental aspect of the modern economy, serving as the backbone of financial systems worldwide. As a result, there is a vast array of topics to explore within the field of banking. Whether you are a student looking for inspiration or a banking ...

  8. Essays About Online Banking ️ Free Examples & Essay Topic Ideas

    Free essays on Online Banking provide insights into various aspects of online banking, including its advantages and disadvantages, security concerns, impact on the banking industry, customer experience, and future prospects. These essays explore the various features and functionalities of online banking, such as account management, fund ...

  9. Internet Banking Essay

    This trend of reducing a banks physical presence can be seen in the ever increasing exhortation towards internet and online banking which occurred. In 2000, using West Union as an example again, which is now owned by First Data Corporation started to offer its services over the Internet (Ridgway, 2000).

  10. Introduction And Overview Of Online Banking

    In this essay I will be writing about Online Banking, its use, how it evolved, impacts and how it benefited the global businesses. In late 1980s, the term online banking became popular. But in 1990s, the financial institutions implemented the online banking services. Initially it took some time to adopt the customers to do monetary transactions ...

  11. (PDF) Digital Banking: Challenges, Emerging Technology Trends, and

    The study investigates the challenges, technology, and future research agenda of digital banking. The paper follows the manifestation of Kitchenham's SLR protocol. Six databases were used to ...

  12. Internet Banking Essay Examples

    Words: 2500. Published: 01/09/2020. This research paper reviews the concept of internet banking as a major constituent of modern day banking. The internet and integrated information systems based on vast computer networks have been adopted by businesses. Today, such vast networks make up the core of operations for most businesses.

  13. Internet Banking essay topics

    The 2001 Survey of Consumer Finance states that 9 out of 10 US households have a bank account and 93 % of these account holders have at least one value add which utilizes electronic banking through … Internet Banking Development and Services essay Read More »

  14. The Impact and Features of Sovereign Bank Online Banking

    Essay Example: Sovereign Bank's online banking has completely changed how folks handle their money. In today's fast world having online banking that's easy and accessible is key. Sovereign Bank stepped up by creating a user-friendly and safe platform that offers tons of services to simplify. Writing Service;

  15. Importance Of Internet Banking

    Importance Of Internet Banking. 971 Words4 Pages. The success of internet banking absolutely depends upon the success of information technology and communication. Every banking customer wants the quick services rather on 24X7 basis which is impossible without the internet penetration. The banks with the latest technology and techniques are more ...

  16. Short Essay On Online Banking

    Short Essay On Online Banking. 1750 Words7 Pages. "In its simplest form, electronic banking may mean the provision of information about the bank and its products via a page on the internet" Daniel (1999). Daniel (1999), however, defines the term as "the provision of information and/or services by a bank to its customers via computer, telephone ...

  17. Internet Banking

    Essay: Internet Banking. 15 March 2022 9 June 2012 by Essay Sauce. Essay details and download: Subject area(s): Finance essays; Reading time: 11 minutes; Price: Free download; Published: 9 June 2012* File format: Text; Words: 3,092 (approx) Number of pages: 13 (approx) Text preview of this essay:

  18. Essay About Online Banking

    Online banking has various advantages that are linked to its service provision and availability. Notably, online banking is very beneficial today to households and even institutions during the payment of bills. This is because online banking has made it possible for people to pay bills at their door step (Mayer 16).

  19. Online Banking and Online Purchases

    Both online banking and online shopping involve conducting of transactions via the internet. Despite the numerous benefits of online transactions, they cannot be fully trusted. The greatest concern for the consumers is online transaction security. Online transactions encourage the use of credit cards to make payments.

  20. Internet Banking

    By this time, online banking has begun to grow rapidly, along with the concerns for customer security. Like with many changing technologies, many customers of online banking become skeptical of how well the technology could protect them. With growing concerns from customers, banks began increasing their security with online accounts (7).

  21. Internet Banking Essay Examples

    Internet Banking Essays. Cybercrime in the Indian Banking System. Introduction The banking sector has experienced tremendous growth as it has undergone substantial changes thanks to rising technology. One of the largest winners of the IT revolution is banks, which have mainly embraced IT technologies to provide financial services to their ...


    Online banking , also known as internet banking, e-banking or virtual banking, is. an electronic payment system that enables customers of a bank or other financial institution to. conduct a range ...

  23. Digital Banking Essay

    Digital Banking Essay - Pros & Cons by Pallavi (Winner) The drastic digitalization over the past few years has indeed affected almost every sphere of our lives. One of the most recent effects has been the move towards a cashless economy in India. Starting with the note ban in November 2016 due to the sudden withdrawal of the notes of Rs.500 ...

  24. 350 Banking Essay Topic Ideas & Examples

    For the years 2017, 2018, 2019, and 2020, JPM had a fixed turnover ratio of 7. Internet Banking Effects and Results. Internet banking has certainly played a key role in the increase and ease of banking services the world over and the reasons for this are not difficult to discern. Wellfleet Bank Case Study.