Online Banking

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ANALYSIS ON THE CURRENT STATUS

OF PHILIPPINE ONLINE BANKING, AND


ITS EFFECTS ON CUSTOMER
SATISFACTION
NARRATIVE REPORT

• Banking industry is one of the most important industries in a country


• As technology keeps on evolving so does the services offered by banks
• Banking companies have started developing their own applications and other online
banking platforms to give their customers easier access to their services
• Banks have had to invest in new technologies to stay ahead of the curve, or at least
remain with the curve
• Flaws are inevitable
BACKGROUND OF THE
STUDY
GLOBAL
• Banking industry around the world has been undergoing a rapid
transformation.
• Internet-based technologies have resulted in fundamental
changes in how companies interact with their customers.
• As the evolution of online banking continued, it slowly gained
popularity when big name banks began to offer online products
and services.
NATIONAL
• The services that is offered here is slowly developing.
• The they have different accessibility of the online banking in the
internet and in their designated application.
• Online Banking was adapted outside the country when the major
banks was convinced to the how the system works.
LOCAL
• In a study by Jim John Quilantang in 2015, age, income, and
convenience are the major factors that influences bank customers in
Davao City to use internet banking.
• Age
• Income
• Convenience
SOURCES

• Duran, R. E. (2018). Financial Services Technology(2nd ed.). 151 Lorong Chuan: Cengage Learning Asia Pte.
• Fernandez, D. (2017, November 21). What Is PC Banking? Retrieved from https://smallbusiness.chron.com/pc-banking-72403.html
• History of Internet Banking in the Philippines. (2013, June 16). Retrieved from
https://www.affordablecebu.com/load/banking/history_of_internet_banking_in_the_philippines/13-1-0-22863
• News, A. (2016, July 4). Online banking threats rising in Philippines: study. Retrieved from https://news.abs-cbn.com/business/07/02/16/online-banking-
threats-rising-in-philippines-study
• Online Banking in the Philippines | BPI. (n.d.). Retrieved from https://www.bpiexpressonline.com/p/0/6/online-banking
• Philippine Banks: Official Websites and Online Banking Sites. (2019, April 17). Retrieved from https://www.pinoymoneytalk.com/list-online-bank-
websites/
• Sarreal, R. (2019, May 20). History of Online Banking: How Internet Banking Went Mainstream. Retrieved from
https://www.gobankingrates.com/banking/banks/history-online-banking/
• Scott, S. (2017, November 21). The Effects of Online Banking. Retrieved from https://smallbusiness.chron.com/effects-online-banking-3449.html
• Quilantang, J. (2016). Characterizing of internet banking users in Davao City Philippines. Univ. of Min. Intl. Mult. Res. Jour.Vol. 1,40-47.

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