Yojna 3. Use of technology- Mobile Banking 4. Business Correspondent model These solutions have been tried and tested under different circumstances and they each have their own unique pros and cons. We tried to have a comparative study of the above solutions to check which fits the current solution fits best to India’s situation. New Banking Licenses While conventional banks have been in existence for past several decades, RBI
There are various issues relating to e-banking in India. With the advent of information technology also issues and challenges are come. The e-banking also has both advantage and disadvantage. At one sides it provides great benefits to the people and other sides it also contains issues relating to it. The 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
Three Factor Authentication in Net banking Abstract: This paper elaborate a method of how the three factor authentication executed using a mobile phone as a software token for one time password generation.one time password to protect a user accounts. The proposed method provides a security assurance for online transaction. The proposed system involves generating and delivering a one time password to mobile phone and mail. Generated OTP could be send to mobile phone in form of SMS and also to the
turning to a global village and this is as a result of the introduction of the use of diverse technological tools in carrying functions or activities that originally were done manually. The present age is referred to as the information age or the digital age. The information age today is faced with diverse challenges and issues. Most of these issues are related to the use of information technology tools in carrying out various activities. Library and information services delivery have improved to
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
EMERGING TRENDS IN IT AND SYSTEM INFRASTRUCTRE IN BANKING INTRODUCTION . In the banking field, there has been an unprecedented growth and diversification of banking industry has been so stupendous that it has no parallel in the annals of banking anywhere in the world. The major challenges faced by banks today are as to how to cope with competitive forces and strengthen their balance sheet. The Indian banks are subject to tremendous pressures to perform as otherwise their very survival would
Jay Kandampully and Dwi Suhartanto (2000)21 conducted a research study on the dealer loyalty in the hotel industry. The objective is to identify factors of image and dealer satisfaction, which are positively related to dealer loyalty in the hotel industry. The research helps extend the understanding the relationship between dealer loyalty, dealer satisfaction, and image. The study identifies that competition has three major implications for the dealer, which provides: increased choice; greater value
insurance company, we conducted a feasibility study to show the viability of the project. A financial feasibility study states how much start-up capital is needed, from where the capital is going to be raised, returns on investments, and other financial considerations. It shows how much cash is needed, the sources of cash, and how it will be spent. This study answers the questions: will the idea work? And should you proceed with it? A feasibility study has six components: 1) Description of the Business:
doesn’t possess the same set of moral standards? What happens when there is a culture when you enter a workforce that has a culture of unjust behaviour? And how do people rationalise this behaviour. These questions will be explored and supporting case studies provided. Every day people are often at the centre of corruption making it difficult to single out a group of people more likely to be responsible to commit a crime in a work environment. And is it fear of punishment or the moral conscience
and therefore to greater demand for mobile, ubiquities services that can be consumed “anytime, anywhere”. This paper highlights the key characteristics of the E-Commerce and M-Commerce and the demand for these into the present scenario. The present study also evaluates the difference between the E-Commerce and M-Commerce. Electronic commerce is a combination of two words electronic