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    Team Luminous

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    Eddie Brock
    Online and SMS banking provide convenient options for accessing bank accounts and conducting financial transactions without visiting a physical bank location. Online banking allows customers to perform a range of activities through a bank's website, while SMS banking sends alerts to customers' mobile phones. Both have advantages like convenience and 24/7 access, but also risks regarding internet connectivity, security, and potential for technical issues. Common safety measures for online banking include changing passwords regularly and reviewing accounts frequently.

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    Team Luminous

    Uploaded by

    Eddie Brock
    4 views16 pages
    Online and SMS banking provide convenient options for accessing bank accounts and conducting financial transactions without visiting a physical bank location. Online banking allows customers to perform a range of activities through a bank's website, while SMS banking sends alerts to customers' mobile phones. Both have advantages like convenience and 24/7 access, but also risks regarding internet connectivity, security, and potential for technical issues. Common safety measures for online banking include changing passwords regularly and reviewing accounts frequently.

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    Online and SMS banking provide convenient options for accessing bank accounts and conducting financial transactions without visiting a physical bank location. Online banking allows customers to perform a range of activities through a bank's website, while SMS banking sends alerts to customers' mobile phones. Both have advantages like convenience and 24/7 access, but also risks regarding internet connectivity, security, and potential for technical issues. Common safety measures for online banking include changing passwords regularly and reviewing accounts frequently.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    4 views16 pages

    Team Luminous

    Uploaded by

    Eddie Brock
    Online and SMS banking provide convenient options for accessing bank accounts and conducting financial transactions without visiting a physical bank location. Online banking allows customers to perform a range of activities through a bank's website, while SMS banking sends alerts to customers' mobile phones. Both have advantages like convenience and 24/7 access, but also risks regarding internet connectivity, security, and potential for technical issues. Common safety measures for online banking include changing passwords regularly and reviewing accounts frequently.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 16

    ONLINE BANKING AND SMS

    BANKING
    Team Name : Luminous

    Submitted By Course Information


    MST. PANNA KHAN(2019731084) Course Title : Principles of
    NISHAT KHANOM SHAMA(2019731059) Banking
    PRANTA RAY (2019731064) Course Code : BUS223
    JUBEL ALI(2019731062)
    TAHSIN RIZWAN(2019731016)
    Online Banking

    • Online banking, also known as internet banking, e-


    banking or virtual banking.

    • It is an electronic payment system.

    • That enables customers of a bank or other financial


    institution to conduct a range of financial activities
    through the financial institution’s website.
    Advantages of Online Banking

    • Convenience
    • Faster service
    • Higher Interest Rate
    • Quality Service
    • 24*7 Facility
    Disadvantages of Online Banking

    .
    • Lack of physical locations
    • Dependency on internet connection
    • Insecurity
    • High start-up cost
    • Transaction problem
    • Training and development
    Risk & Sample safety measures

    • .
    Safety Measures
    1.Change password periodically.
    Risk 2.Review bank account
    1. Operational risk frequently.
    2. Security risk 3.Try to use low limit credit card
    for internet transactions.
    Top 7 Online Banking Apps in Bangladesh

    1.NexusPay
    2. Citytouch
    3. EBL SKYBANKING
    4. Prime Bank ALTITUDE
    5. Standard Chartered Bank (SC Mobile Banking)
    6. BRAC Bank (BRAC BANK Mobile)
    7. Mutual Trust Bank (MTB Smart Banking)
    Online Banking Statistics
    SMS BANKING
    SMS BANKING

    • SMS banking is a form of mobile banking

    • It is a facility used by some banks or other


    financial institutions to send messages to customers
    mobile phones in the form of alerts.
    Method of SMS banking
    Quality of SMS Banking

    • . High
    Performanc
    e
    Worldwid
    e Easy
    Reach Integration

    99%
    Availability
    Advantages of SMS banking

    1.Cheque status inquiry


    2.Get information easily
    3.Anytime access
    4.More convenient
    5.Quite discrete.
    Disadvantages of SMS banking

    1.Internet issue
    2.Information gap
    3.Needs of nimble fingers
    4.Insequrity
    5.Causes radiation
    Conclusion

    • Online Banking: It means accessing bank account and carrying out financial
    transactions through the internet on your smartphone, tablet or computer. It's quick,
    usually free and allows you to do tasks, such as paying bills and transferring money,
    without having to visit or call your bank.
    • SMS Banking: This usually integrates with a bank's computer and communications
    systems. As most banks have multiple backend hosts, the more advanced SMS banking
    systems are built to be able to work in a multi-host banking environment .
    .

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