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
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
better internet banking facilities which are user friendly as well as enjoyable to them. Convenience is one of the main factors while using internet banking Chan (2001). Johnson et al (1995) also agrees with it that convenience is among one of them. Devlin
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 channels toward using
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
fresh reforms in the banking sector, the marketing of financial products has become
receive cash. But there is this instance where one is able to do the same thing – purchasing goods and services, with or without the physical cash we have on pockets and wallets. It is with the use of a not too long discovered technology called electronic cash or simply e-cash. This was
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
The world is fast 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