E-banking and e-trading, Other Management

Assignment Help:

a) In order for customers to use online banking services, they will require to have for example a personal computer and an Internet connection. Their personal computer becomes their virtual banker who will assist them in their banking errands.

(i) Show two examples of transactional e-banking services that customers can conduct online.

(ii) Name two other electronic devices that the customer can use to access online banking services.

b) In what ways does e-banking differ from traditional banking in terms of the services they offer? Provide suitable examples where necessary to support your answer.

c) One of the main concerns of e-banking is security. Without great confidence in security, customers are unwilling to use a public network, such as the internet, to view their financial information online and conduct financial transaction.

(i) Outline some of the security threats that can influence customers in using e-banking services.

(ii) What are the methods employed by banks to make sure a high level of security when delivering e-banking services?

d) On strategic risk e-banking is relatively new and, as a result, there may be a lack of understanding among senior management about its potential and implications. Assess the impact of strategic risk on e-banking .

e) Operational risk is the risk of direct or indirect loss resulting from inadequate or failed internal processes, people and systems or from external events. One of the main causes of operational risk concerns management information systems. Explain how management information systems directly relate to operational risk.

f) E-banking has unique characteristics that can increase an institution's overall risk profile and the level of risks related with traditional financial services particularly strategic, operational, legal and reputational risks. Outline these unique e-banking characteristics


Related Discussions:- E-banking and e-trading

Explain the type of structural changes, Problem 1 Social systems are po...

Problem 1 Social systems are political as power relations inevitably enter into social relations. (i) In what ways are politics divisive and conflictual in a school organiz

Types of internet e-banking websites, Problem a) (i) Name the two prim...

Problem a) (i) Name the two primary types of Internet e-banking websites. (ii) Clearly differentiate between these two types of e-banking websites. (iii) Outline the ris

Discuss the importance of culture in hospitality management, Question 1: ...

Question 1: (a) Describe briefly the services/operations included in the Rooms Division Management of a first class hospitality establishment. (b) Discuss the key concepts t

What is a trade policy, Question 1 Explain any five differences between Ta...

Question 1 Explain any five differences between Tariff and Non-tariff Barriers Question 2 What is a trade policy? Explain arguments in favour of Free Trade Question

Space allocation utilization and management-library building, Space Allocat...

Space Allocation Utilization and Management of library building in library managenent Library planning constitutes correct estimation  of space required for various activities

What are the main features of corporate bonds, Question 1 What are securit...

Question 1 What are securities? Describe the features of various types of securities Question 2 What are the main features of corporate bonds? Question 3 Define risk. Wh

Assessment of project quality, A ssessment of Project Quality Quality ...

A ssessment of Project Quality Quality management can be measured by having three main components: Quality control. Quality assurance. Quality improvement.

Describe michael porter''s five generic strategies, QUESTION 1 Describe...

QUESTION 1 Describe Michael Porter's five generic strategies QUESTION 2 You have been assigned the responsibility to carry out a SWOT analysis in the organization you a

Literature search services , Literature Search Services: Literature se...

Literature Search Services: Literature search service is considered as an extension of reference service. An important aspect of literature search service is ascertaining the

Operations strategy, describe the impact of operations strategy at differen...

describe the impact of operations strategy at different levels within the organization.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd