The Level of Awareness of the Selected CBEAM Students on the Extent of E-Banking Security Technology plays an important role in the society nowadays and is already used in the different aspects of business like banking. According to Acevedo (2015), businesses rely on the access to bank information to perform the accounting tasks for the monitoring of the status of a business. In addition, E-Banking offers easy access, secured transactions and 24-hour banking. Moreover, as said by Titrade, Ciolacu, and Pavel (2008), the evolution of E-Banking started through automatic teller machines (ATMs), electronic funds transfer, and online payment. Based on the history presented by the article The History Of Internet Banking (2012), the innovations in online banking started in the early 1980’s and were giving easier job for the people who have access to it.
not only traditional family banks owned business flourished here but modern challenging areas like information technology, communication, computer software, media, fasion etc. are also flourishing here. Since 1993 the Indian banking has entered into new era and irs expansion is affected by entry of private banks and foreign banks.tough competition, development of financial markets, relaxation in government control and awareness among customer will require more changes in approach of banks. The present research is conducted keeping in review the sharp differences between public and private sector banks at the district level. FINDINGS OF THE
Amazon too has a tough competition in other countries apart from its parent country and before making any important decision, PESTEL analysis is important for the management. Through PESTEL analysis the management can identify the key challenges that need to be solved in any particular market. Political In UK, the government has framed significant policies to liberalize telecom services, E-commerce promotion, and is flexible towards foreign investments. Due to these factors Amazon has an advantage in promoting its services, products to the customers of UK. The government has also made an impressive investment in improving the IT infrastructure and Relaxed EU along with flexible policies on E-retailing has proved another advantage for Amazon.
Initially computer systems were used for accounting and finance related activities. Few decades earlier, Information Technology is applied to assist the production, through on-line management of the activities at the plant floor by help of computers. The approach of using computers to control the production process is named as Computer Integrated Manufacturing and its main aim is to manage the exchange of information faster. CIM can be used in any manufacturing industry to perform various activities throughout the enterprise. There are many subsystems of Computer Integrated Manufacturing which help in integration of the manufacturing process from ideation to application.
These activities include Money deposits, withdrawals, transfers, account management, applying for Financial Products, Loan Management, Bill Payments and Account Services. Consumer preferences have shifted to online and mobile devices, but the banking sectors had trouble shifting their on boarding experiences online and to smaller screens. In recent years, the banking industry around the world has been undergoing a rapid transformation. The deepening of information technology has facilitated better tracking and fulfilment of commitments, multiple delivery channels and faster resolution of issues. Today, customers presume highest quality services from banks which, if fulfilled, could result in considerably improved customer satisfaction levels.
INTRODUCTION The deployment of Human Resource Information System (HRIS) in banking is the fruit of development of Information Technology (IT). It has emerged as an important interdisciplinary tool to achieve vital organizational Human Resource (HR) objectives. HRIS is applied in personnel administration, salary administration, leave/absence recording, skill inventory, medical history, performance appraisal, training and development, HR planning, recruitment, career planning, negotiations etc. In developing countries, the banking industry has gone from a basic process to convert manual information keeping systems into computerized systems. In the changing business environment and new technology that is available, managers need to be aware of
RECENT TRENDS IN RETAIL BANKING Due to the emergence of customer centric growth trend, today retail banks have understood the importance of meeting customer needs by which earning customer loyalty for long term growth. Due to the dynamic nature of evolving technology and competition within the sector, today we can see all the banks are coming up with new and innovative ideas to keep the customer happy. When banks try to create and manage customer relationship, several emerging trends affect the growth of bank. Due to these merging trends one can observe fundamental change by which bank communicate and retain their customer base. Targeting Organic Growth In recent past banks have grown mainly by way of acquiring weaker banks, taking over
THE ROLE OF INFORMATION TECHNOLOGY ON COMMERCIAL BANK PERFOMANCE CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Over the years, many innovations have taken place in the world, the most outstanding and most celebrated is the facet of information technology. In late 20th century, the banking industry consisted of a large number operating in geographically distinct local markets. Products and services — primarily taking deposits and making loans — were delivered via the branch, which emphasized face-to-face contact with customers. These customers were, for the most part, relatively unsophisticated and trusted their bankers to act in their best interest. Banks embraced the use of information technology and information communication
In house/out house training & online training. Bankers are properly trained also monitored because money factor is involved which is not forgivable and heavy penalties are charged. Market is changing in banking sector every day it is not stagnant according to this SBP states new policies that now these policies will implement on various sectors, so it’s important to update the bank’s credit officers regarding that policy and train them so that they can handle the situation effectively. Banks has gradually transformed themselves into universal banks. ATM’s, internet banking, mobile banking and social banking have made “anytime anywhere banking” norm possible.
CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Computerized Accounting Information System has been widely used by many organizations to automate and integrate their business operations. The usage of Computerized Accounting Information System has been a tremendous growth in service industries in recent past. The most obvious example is perhaps the Banking Industry (Kabiru I. Dandago and Abdullahi Sani Rufai, 2014). The Banking Industry plays a key role in an economy and has indeed broadened its scope. The availability of internet facility has added a new dimension to the Banking Industry-Online Banking Services.