StudentShare solutions
Triangle menu

New Essay 3 - Research Paper Example

Nobody downloaded yet

Extract of sample
New Essay 3

Hello Money is a mobile banking service brand for Barclays Bank that allows customers to carry out financial transactions by using mobile devices and personal digital. However, there is also a group of stakeholders, including the staff that is concerned about the negative consequences of mobile banking. The crucial question is then how the finance workplace in the banking environment would be affected. The trending developments regarding mobile banking is well documented. According to SWIFT (2005), mobile banking is still considered as one of the pertinent topic in the finance industry, as well as for banking institutions. This has been exacerbated by the growing ubiquity of mobile phones across the global population. In a population of about 7 billion people, as many as 5 billion people will be in the possession of mobile phones. At the same time, out of all that population, only 2 billion people will be holding the bank accounts. Consumers are now increasingly using their mobile phones in making payments and bank their money. Mobile banking is described as a growing business, with users expected to increase to about 900 million while the transaction value is expected to exceed 1 trillion dollars by 2015. Finance staff would also have to reap from the benefits that accompany the mobile banking operation. It is agreeable that mobile transfer is cheaper than teller transfer by about fifty times and ATM transfer by about ten times. Mobile banking comes with a lot of flexibility, both to customers and the firm itself. For instance, the service makes it easy for the bank to combine and sell other services and products that are offered in the bank, such as credit cards and loans, with relative ease. Mobile banking is the best way of realizing drastic growth because it is one way for banking institutions to remain competitive (Delloitte 2010). In the most obvious way, the finance staff would is some of the stakeholders to gain when the banks gain. Tiwari, Buse and Hersatt (2006) acknowledge that increased competition as a result of technological development and globalization has exposed banks to a challenging environment. Mobile banking innovation creates the allowance for the banks to retain their place by introducing the innovative services that are aimed at retaining the customers, as well as increase the revenues. However, the business is still immature, considering that only a few initiatives have succeeded in attracting a significant base of users. In other words, the service is still marred with a lot of uncertainties. There legal framework to govern the operation of the service is also yet to be established and some banking institutions are raising eyebrows about lack of expertise to see the service become successful. Technological developments are calling for the need for the establishment of business partnerships with the financial institutions while others perceive it as that filled with a lot of uncertainties (SWIFT 2005). These uncertainties are what should be a thing of serious concern for the finance staff. A study conducted by the Federal Reserve Bank of Boston (2013) aired various concerns about the respondents regarding the online banking service. Over 75 percent of the respondents aspiring to embrace mobile banking or those who have embraced mobile banking cited security challenges as the serious issue. Well over 50 percent of those wishing to embrace the money banking service ...Show more


The Impact of Mobile Banking on the Finance Profession in banking environment Name Institution The Impact of Mobile Banking on the Finance Profession in banking environment The evolution of the world has been accompanied by various technological developments…
Author : ashtonkshlerin
New Essay 3 essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"New Essay 3"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Communications, New, and old media reflective essay
The use of old media and new media simultaneously is increasing rapidly which has both positive and negative effects. Through my research I found many instances where people use both old and new media simultaneously, while some are beneficial and make life easier but others are just a distraction and lead to less accomplishment.
2 pages (500 words) Research Paper
New Practices in EMS Every day, a number of people are being brought in the hospital to receive emergency services. To achieve a more quality of life, these emergency services are being modified from time to time with the help of research and development.
4 pages (1000 words) Research Paper
Exam 3
The president declared that there should be no racial discrimination in the employment sector. This order was because of the realization of the discrimination for the African Americans. The main function of the order was to empower the Fair Employment Practices Committee to inspect complaints and take action in against alleged employment discrimination.
6 pages (1500 words) Research Paper
Answer questions and write a 3-4 page essay from the uploaded information
(i) The customer’s willingness to pay for a movie rental is equal to the value that the customer perceives to realize or benefit for the cost paid for renting a movie. The customer’s willingness to pay is the benefit that would be derived from watching the movie.
6 pages (1500 words) Research Paper
New York Times Article
xperience of Sudhir Venkatech, a sociology student of the University of Chicago, who innovatively solicited accurate and comprehensive information from residents of the Robert Taylor Homes by posing, not as on observer, but as a participant. The paper therefore aims to address
2 pages (500 words) Research Paper
Unit 3 Public Health in my backyard
ding up the unhealthy practices strive for a healthier living such as providing places for people at no cost such as parks, gyms, that can be used in an exercise program, and bicycle and walking paths. According to Peoples-Sheps (2011), public health program expand new models of
1 pages (250 words) Research Paper
A New Approach To Medicine
For a long time now, scientists have used animals to conduct medical tests such as treatment of serious diseases such as cancer. Researchers have used animals such as rats and monkeys extensively in testing medicine and cosmetics that they
10 pages (2500 words) Research Paper
Obesity among school-aged Native American Children in New
A closer look at most of the literary works on the topic reveals that obesity is a multi-faceted issue that needs a holistic solution that brings together different players at local, state, and national
2 pages (500 words) Research Paper
Essay 3 Research Paper
wling, created the famous character of Harry, an 11-year old orphan with wizardry skills and a legendary lightning-bolt scar in his forehead, who experiences an amazing adventure with his friends. Harry’s journey towards social acceptance, friendship, identity-development and
6 pages (1500 words) Research Paper
b. Building a major electric power system in Tennessee valley helped industrialization and modernization of activities. This modernized agriculture and industries by producing fertilizer and electricity. c. Railroads were also used and
1 pages (250 words) Research Paper
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Contact Us