Information technology has helped in widening the scope of banking in the country. In spite of all these efforts taken still some part of the country remains untouched from these benefits. Thus we see that on one hand when one part of our country is having access not only to the basic banking facilities but also to advanced and regularly used services like internet and mobile banking, on the other hand a class of underprivileged and low income group people are completely deprived of even the basic banking
security issue is one of the main issues of e-banking in India. The security issues are arises on account of unauthorized access to banks important information of customers account, risk management system etc. Through hacking also ones banking details can be out which causes loss of data, theft or tampering with the consumers information, disabling of a significant portion of banks internal computer system thus denying services. In external
How has technology changed the banking industry? Technology growth in the financial industry are changing the way consumers bank. As consumers, corporations, and governments keep on demanding more efficiency, the payment system will continue to become more complex. In conformity with Wright, R. E., & Quadrini, V. (2009), states that the advent of cheap electronic computing and digital telecommunications after World War II, did in the end stimulated important innovation. Technology has had a very
TITLE: FINACIAL INCLUSION AND SELF EMPLOYMENT GENERATION IN ARUNACHAL PRADESH INTRODUCTION: Financial inclusion has become a crucial economic growth and development goal for all the nations. Financial inclusion is the process of ensuring access to appropriate financial product and services needed by all sections in the society in general and vulnerable group such as weaker sections and low income group people in particular at an affordable price in a fair and transparent manner by the main
programmer directed the computer program to directly deposit the remaining cents in his bank account for a surplus interest. With the case study in play, Moor demonstrates the unethical practice brought into action due to an invisible operation. He points out the weakness in the bank systems in monitoring the transactions carried out by the bank’s customers. He argues that without the relevant programs in accounting and access to the invalid programs used, such incidences of invisible abuse become a common
CHAPTER ONE INDRODUCTION 1.1 Background of the study Information Technology (IT) plays a vital role in all sectors in businesses today. This is mainly due to its high organizational impact and rapid expansion of IT applications in the recent past. This is particularly true in the information intensive industries, such as banking. It is well known that commercial banks increasingly use IT to gain competitive advantage. Since the mid-1990s, there has been a fundamental shift in banking delivery
associated with the "polluter pays" principle; the increase in public funding to the sector through the main international financial agencies (World Bank) and International
Introduction The access to financial services is limited in developing countries. According to Robinson (2001), 90% of people in developing countries lack access to financial services from institutions. The necessity of covering this limitation led to “microfinance”. Although microfinance is probably very ancient, the term’s origin is recent. The term microfinance has been used since the 60’s and 70’s, and it can be defined as small-scale financial services provided to poor people who does not have
in popularity among criminals. This crime is identity theft. Hundreds of thousands of people have their identities stolen each year. Identity theft is when these criminals obtain and use consumer’s personal information such as credit card numbers, bank account numbers, insurance information, and social security numbers to purchase goods or services fraudulently. According to the Federal Trade Commission, over 1.1 million people were the victim of identity theft. With this number, it is very evident
area where a new contribution could be made through the existing literatures and so the author thinks if proper guidance and support is provided by banks can really promote women’ s social status and social transformation. The Reasons business correspondent in empowering women Important aspects required for business setup like marketing strategies, study of cash management, skills to be developed for credit repayment should be provided training. Give insights to understand market potential, understanding