Scribd Logo
Upload

Welcome to Scribd!

  • 30 views

    Digital Banking: by Navdeep Kaur

    Uploaded by

    Navdeep Kaur XII-E
    Digital banking involves applying technology to banking transactions and operations initiated by clients to maximize convenience and reduce costs. It allows 24/7 account access, speed, online bill payment, and potentially lower fees. While technology and security issues are disadvantages, digital banking is growing as it improves efficiency, reduces risk, and better serves customers by allowing remote access and services. Common online banking services include funds transfers, bills, loans, statements, and account updates. Many countries have high percentages of online banking users, such as Norway, Denmark, and India, while the US and Bulgaria have lower rates.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd

    Digital Banking: by Navdeep Kaur

    Uploaded by

    Navdeep Kaur XII-E
    30 views7 pages
    Digital banking involves applying technology to banking transactions and operations initiated by clients to maximize convenience and reduce costs. It allows 24/7 account access, speed, online bill payment, and potentially lower fees. While technology and security issues are disadvantages, digital banking is growing as it improves efficiency, reduces risk, and better serves customers by allowing remote access and services. Common online banking services include funds transfers, bills, loans, statements, and account updates. Many countries have high percentages of online banking users, such as Norway, Denmark, and India, while the US and Bulgaria have lower rates.

    Original Title

    Online Banking

    Copyright

    © © All Rights Reserved

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Digital banking involves applying technology to banking transactions and operations initiated by clients to maximize convenience and reduce costs. It allows 24/7 account access, speed, online bill payment, and potentially lower fees. While technology and security issues are disadvantages, digital banking is growing as it improves efficiency, reduces risk, and better serves customers by allowing remote access and services. Common online banking services include funds transfers, bills, loans, statements, and account updates. Many countries have high percentages of online banking users, such as Norway, Denmark, and India, while the US and Bulgaria have lower rates.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    30 views7 pages

    Digital Banking: by Navdeep Kaur

    Uploaded by

    Navdeep Kaur XII-E
    Digital banking involves applying technology to banking transactions and operations initiated by clients to maximize convenience and reduce costs. It allows 24/7 account access, speed, online bill payment, and potentially lower fees. While technology and security issues are disadvantages, digital banking is growing as it improves efficiency, reduces risk, and better serves customers by allowing remote access and services. Common online banking services include funds transfers, bills, loans, statements, and account updates. Many countries have high percentages of online banking users, such as Norway, Denmark, and India, while the US and Bulgaria have lower rates.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 7

    DIGITAL BANKING

    ~BY NAVDEEP KAUR


    DIGITAL BANKING
    • Digital Banking is the application of technology
    to ensure seamless end-to-end (STP in the 'old'
    jargon) processing of banking
    transactions/operations; initiated by the client,
    ensuring maximum utility; to the client in terms
    of availability, usefulness and cost; to the bank
    in terms of reduced operating costs, zero.
    ADVANTAGES AND DISADVANTAGES OF
    DIGITAL BANKING
    • ADVANTAGES:- • DISADVATAGES:-
    • 24/7 ACCOUNT AND SERVICES • TECHNOLOGY ISSUES.
    ACCESS.
    • SECURITY ISSUES.
    • SPEED AND EFFICIENCY.
    • INEFFICIENT AT COMPLEX
    • ONLINE BILL PAYMENT. TRANSACTIONS.
    • LOW OVERHEAD CAN MEAN LOW • NO RELATIONSHIP WITH
    FEES. PERSONAL BANKER.
    • LOW OVERHEAD CAN MEAN HIGH
    • INCONVENIENT TO MAKE
    INTEREST RATES ON DEPOSIT
    ACCOUNTS. DEPOSITS.
    Q) WHY ALL
    BANKS ARE • DIFFERENT TYPES OF BUSINESS BANKING
    GOING DIGITAL SERVICES INCLUDE:-
    NOWDAYS? • BUSINESS LOANS
    DIGITAL BANKING IS THE • CHECKING ACCOUNTS
    DIGITALISATION OF BANKING
    SERVICES IN ORDER TO • SAVING ACCOUNTS
    REDUCE RISK, IMPROVE • DEBIT AND CREDIT CARDS
    EFFICIENCY AND BETTER
    SERVE CUSTOMERS. IT
    • MERCHANT SERVICES(CREDIT CARD
    ALLOWS CUSTOMERS TO PROCESSING, RECONCILIATION AND
    WITHDRAW MONEY , APPLY REPORTING , CHECK COLLECTION)
    FOR LOANS , MAKE • TREASURY SERVICES( PAYROLL SERVICES,
    PAYMENTS ONLINE OR ON DEPOSIT SERVICES, ETC.)
    THE SMARTPHONE AND
    MORE….
    DIGITAL
    BANKING /
    ONLINE BANKING
    ONLINE
    BANKING
    COMMON ONLINE BANKING SERVICES
    • TRANSACTIONAL ACTIVITIES : LIKE • NON- TRANSACTIONAL ACTIVITIES : LIKE
    FUNDS TRANSFER , BILL, PAY , LOAN REQUEST FOR CHEQUE BOOK, STOP
    PAYMENT, ONLINE STATEMENTS , AND
    APPLICATIONS AND TRANSACTIONS. UPDATING YOUR CONTACT
    _________________________________________ INFORMATIONS.
    __ __________________________________________
    COUNTRY _
    NORWAY PERCENTAGE % OF ONLINE BANK USERS
    DENMARK 92%
    INDIA 90%
    U.S.A 51%
    CHINA 67%
    BULGARIA 42%
    5%

    You might also like