(Joseph, 2013). That is the impact of changing consumer habits in the society, especially in the transitional period of our country's economy. if businesses do not have the time to grasp the degree of change which will have difficulties in their business activities, may even lead to bankruptcy, it will directly, or indirectly causing difficulties for bank in operation for on.These really matter requires each bank to have marketing activities effectively and qua.trong phase harsh competition in the economy. c) Influence of technological factors. Technological factors currently very important factor determining the competitiveness on the market for each bank.
One of the advanced services that have been introduced by banks is electronic banking or e-banking. Although e-banking services can improve banks’ efficiency and competitiveness, it is unfortunately still believed to incur a high level of implementation risk (Salhieh, et al, 2011). Therefore, banks need to know where they should improve themselves (Huang et al., 2004). Banks that want to offer their services electronically must first ensure that all necessary infrastructures, workforce, and banking functions are in place and working at maximum efficiency (Salhieh, et al, 2011). So, the banks need to add more functions to prove their readiness to offer e-banking services to their clients (Maugis et al., 2004).
Rising global competiveness affects operating margins, generating a decline in revenues as business expenses continue to increase driven by tightened regulatory requirements. In addition, market performance over recent years has not reached historical benchmarks, while customers manifest sophisticated demands, making it harsh for wealth managers to sustain profitability. Banks have to build and communicate a well-established set of values that will influence the customer base, the investment purpose and the array of products and services offered. A fundamental change refers to the reshape of the operation model itself. Added to the specialisation of offerings to create a niche market position, the layers of the model would become independent, leaving no space for potential conflict of interests.
Role of Public Relations – Central Banks case Enri Herri , MSc Abstract The days when the central banks were reclusive, closed institutions administering interest rates to try to surprise markets are long gone. One of the main goals of a responsible central bank now is to have reliable communication guiding expectations in a rapidly changing environment. Central bank communication has become a vital element of policy making as well as expectations management, indeed of crisis resolution itself. In the digital age, the prevalence of real-time economic news has led markets to expect up-to-the minute and detailed information on central bank policy. This article aims to provide the importance of public relations, some theoretical considerations
People will not be in a position to obtain a fair deal anymore with the lenders. Bad credit debt consolidation is an important move to improve the credit status. Why are lenders ready to offer loan to people with bad credit? This is a million dollar question. There are specific vendors who are greatly interested in lending loans at a greater risk.
The lines between banking and trading books were being blurred which suggests the need for a more reliable treatment between contradicting business lines. While the mix of valuation procedure introduced by IAS 39 over debate these problems. Both management and outside investors effected with this. The recent crisis are the examples include UBS, Merrill Lynch, AIG and the UK bank HBOS whose losses have been largely arises and were not understood by the management or stockholders. Such accounting treatment can only be appropriate when liabilities both short and long term are secured against specific assets but the whole balance sheet of the
Critical review: Factors influencing the adoption of internet banking: a case study of commercial banks in Mauritius Introduction The growing popularity of internet banks stems from the fact that their services are considered as more attractive than those offered by traditional banks. The internet is the fastest growing banking channel today, both in the fields of corporate and retail banking in developed countries such as USA and UK (Alam et al., 2007). Similarly, internet banking is predicted to transform and revolutionize the traditional industry (Mols, 1999; Daniel, 1999). Banking activities are easily digitized and automated as argued by various researchers (Elliot and Loebbecke, 2000; Daniel, 1998; Cervantes, 1997; MSDW, 2000) and the
In recent years the rapid development of information technology through internet, liberalization & globalization has triggered the ways of doing business. Today distance and time barriers have almost vanished and the world has become an integrated community of buyers and sellers. 1.1.1 E-COMMERCE IN BANKING Internet has revolutionized every industry significantly in the last decade & banking industry is one among them . Products and services are radically shifted to digital form and delivered through the internet. It offers an interactive platform with its diverse electronic service s that enables the customers to get attracted towards it and move to the forefront of technology priorities.
Therefore, commercial banks, which are the main component of the banking system, have to be efficient otherwise they will create unbalanced mind and millstone in the process of development in any economy. In order to maintain the market share so as to survive and remain competitive, the technological advancements and globalization have given the pressure on the part of the banks. Competition from foreign banks as well from domestic banks themselves creates the greater pressure. Malaysia commercial banks also no exemption since banks are exposed to severe competition both locally and globally. Therefore, commercial banks not only need to be profitable, but also efficient.
Internet banking services are a must for banks due to increased online service provided by other financial institutions, for example insurance companies (Raghunandan, 2012). Internet banking customers are more precious to the banks compared with traditional customers, because banks able to achieved cross channel productivity efficiency and effectively and increased the performance (Ngandu, 2012). The Internet would not replace the other delivery channels, but it would