Definition of Electronic Banking It is process or method of banking by which customers performs financial transactions electronically through internet that’s why it is also called internet banking and online banking. Origin of Electronic Banking It is banking service that allows its customers to conduct their daily financial transactions online 24/7 as it is a ease of access for the customers. These transactions includes payroll and direct credit transactions. In 1980’s New York’s four major
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Research Report of Money and Banking Issues and Problems in Islamic Banking Abstract:- Three decades have passed since the first Islamic bank began its operations in MitGhamr‚ Egypt‚ and more than a decade has passed since the Islamic Republics ofIran and Pakistan adopted a non-interest-based financial system. Profit Loss Sharing (PLS) dominates the theoretical literature on Islamic finance. Broadly‚ PLS is a contractual arrangement between two or more transacting parties‚ which allows
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Islamic Banking is a banking system that is based on the principles of Islamic law (also known Shariah) and guided by Islamic economics. The Islamic banking today has become most popular and reliable financial system in the world. The history and evolution of Islamic Banking dates back over 14 centuries ago to the origins of Islam when the Holy Quran was first revealed to Prophet Mohammed (PBUH)‚ hence encompassing a complete set of rules and regulations for all aspects of life put forth in
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QUESTIONNAIRE Based on Study of Customer Behaviour towards E-Banking in Private Sector Banks Personal detailsName: - _________________________________________ 1. Gender:2. Age Group:Male Below 21 Years‚ 31 years – 40 years‚ Above 50 years 3. Occupation:Govt. Job Business Other (specify) ___________ 4. Income Group (Per month) below 10‚000/25‚001 – 50‚000/10‚001 – 25‚000/More than 50‚000/Private Job Female 21 years – 30 years‚ 41 years – 50 years‚ Student 5. Contact No.___________________________
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in the process of investment banking. Trading the cash for securities like market making‚ facilitating transactions or for cash or for the promotion of the securities like research‚ underwriting is known as the sell side‚ while correlate with the mutual funds‚ hedge funds‚ pension funds and investment public comprises the buy side. Various companies have sell and buy side components. What are the main activities of the investment banking? The investment banking is generally split into back
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ONLINE BANKING is the banking service that allows the customers to conduct financial transactions on the computerized networks such as internet through secure website with a particular bank. Online banking has no physical presence so the customer can perform banking activities at any place which has got the internet network. Online banking comprises of two things that is internet banking and sim banking. Online banking through traditional banks enable customers to perform all routine transactions
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Online Banking: How Technology has Affected the Bank Industry Aluscine Kabia Diana Mickle Jennifer Ross Betty Tekeste University of Phoenix COM525: Managerial Communication and Ethics Edward L. Dempsey March 14‚ 2005 Modern technology has set the stage for today ’s industries to adopt faster‚ more effective and efficient tools to improve their business and productivity. A vast majority of organizations within various industries are using new technology to introduce changes to their
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Taking Mobile Banking Corporate Universal Banking Solution System Integration Consulting Business Process Outsourcing It’s ironic that in a world that has gone mobile‚ corporate treasurers and CFOs are still tethered to their desks because they need computer access to issue approvals using corporate Internet banking. While consumer mobile banking has soared in recent years ever since the smartphone arrived on the scene‚ its corporate cousin is yet to take off. However‚ according to various
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I. Internet or Online Banking Internet banking is the act of conducting financial intermediation on the internet. It includes offering of information and selected services through the World Wide Web by banks and other financial service firm. For those who are quite new to the concept of online banking‚ this type of service offered by banks actually works the same way as traditional banking. The major difference lies in the convenience offered by online banking particularly when it comes to making
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Risk of E-Banking 9-13 Discussion – Strategic Risks 14-22 Discussion – Risk Assesments 22-24 Joint Recommendations 24- 25 Case Study 25-28 Conclusion 29-35 References 35 E-BANKING & ITS RISK 1. Introduction What is E-Banking In the struggle to assign an appropriate name such technological innovation‚ are terms such as Online Banking‚ E-banking or Electronic Banking generically‚ although it should clarify what is meant by each of them. (1)3 Electronic Banking refers to
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