Electronic Banking Has More Benefits for the Bank than for the Bank's Customers - Essay Example

Only on StudentShare

Extract of sample
Electronic Banking Has More Benefits for the Bank than for the Bank's Customers

Because customer satisfaction has gained much significance in all industry segments, and banking being a retail industry where rush of customers for their daily banking needs is huge, benefits of e-banking to the customers are being provided with extra vigour by the banking industry to attract more and more customers as banking market is very competitive. For banks, internet banking offers the strategic possibility of cutting costs, better customer service; attract more customers and add-on with the cross-selling opportunities. Banks view electronic banking a very positive feature of their services. E-banking has its own challenges and opportunities, challenges emerging from the serious ramifications of global e-banking. In the global context, it is stated that the transaction costs have reduced drastically making it feasible to realise cross-border banking transactions electronically. Such an opportunity provides to the banks the potential of economies of scale. Such electronic cross-border transactions need to be cleared by banks by taking additional safety measures (Nitsure, 2004). Benefits of e-banking to Banks Cost-effective According to Orr (1999) electronic banking cuts the cost of each transaction at once. ...Show more


Topic: Discuss the view that electronic banking has more benefits for the bank than for the bank’s customers Introduction With the arrival of e-commerce in banking sector, performance expectations have increased multi-fold both for the efficient and effective management of banking processes by the bank management and for the provision of heightened comfort level to the customers from e-banking…
Author : edison29
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Electronic Banking Has More Benefits for the Bank than for the Bank's Customers"
with a personal 20% discount.
Grab the best paper

Related Essays

The determination of the suitable credit product to be offered to Mr. Mark Angelo and his company Mark Equipment Pty Ltd. necessitates the credit assessment of Mr. Mark Angelo and his company. The collected financial information have to be analyzed in order to examine the ability of the client, Mr.
6 pages (1500 words) Essay
Managing Financial Resoures and Decisions 4. Answer 13 questions.No more than 2500 words allowed.
Bank Loans are used when a company needs to borrow a large amount of money. The cost of this money is interest being charged by the banks. The repayment schedule includes repayment of both principle and interest and usually this type of loan is collateralized.
8 pages (2000 words) Assignment
International Trade & Banking / International Bank Management
Much has been written and said about the benefits and drawbacks of various exchange rate systems. The role of central banks in emerging and developed economies has been explored in abundance. However, new research and the changing realities of life shift the role of central banks in national and international economies.
5 pages (1250 words) Essay
Article Review about White Collar Crime
Worst, the punishments that were meted before were not commensurate to the crime that was done hence those unlawful acts continued. Second, I learned that the best way to discourage such malpractice, especially in the accounting profession and those in the financial sector is to penalized criminal behaviors that far exceed the benefits that was derived from those wrongful acts.
4 pages (1000 words) Essay
Islamic Banking
In order to provide the mentioned topics above, different studies and empirical evidence have been provided in the report. Islamic Banking a) Before proceeding with the origins of Islamic Banking, it is necessary to be familiar with the definition of Islamic Banking.
6 pages (1500 words) Essay
Internet Banking (E-Banking)
Internet banking is another concept of web based banking. The deployment of whole sale or retail banking services can also be referred to as E-banking. It involves individuals, and corporate customers.
6 pages (1500 words) Essay
With the dynamism in the current business environment such as increased costs of doing business and competition, business organizations and financial institutions seek for ways of reducing costs and increasing their productivity levels. Through consolidating by mergers and acquisitions, banks hope to curb these challenges.
5 pages (1250 words) Essay
For the purpose of this essay you are required to consider either Royal Bank of Scotland Group (RBS) Plc. or Lloyds Banking Grou
An overview of the UK banking industry is considered along with this financial analysis. The financial analysis covers the bank’s common size income statement and balance sheet. In addition, financial performance evaluation ratios on the bank’s liquidity, solvency, and return on investment and capital structure have been used to draw conclusions about the bank’s financial health and performance.
10 pages (2500 words) Essay
The company automates parts of the general production line. The packaging stage in the production line is run by the programmed machines, which are relatively faster and efficient. Grow sales enhance the development of new markets for
1 pages (250 words) Assignment
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email