The Future of Banking Information System and Its Impact on E-Banking - Thesis Example

Comments (0) Cite this document
The purpose of the current study was investigating the future of banking information system and the impact it has on electronic banking adoption and acceptance. To collect data, the author used convenience sampling, which was found to ease respondent recruitment, therefore, facilitating a faster process…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.3% of users find it useful

Extract of sample "The Future of Banking Information System and Its Impact on E-Banking"

Download file to see previous pages The growth and advancement in information technology have significantly influenced innovation in the banking sector where financial institutions are improving access of banking services, enhance the speed of service delivery, enable self-care management, and improve security and privacy commitment for their consumers. According to Pilarczyk (2016), electronic systems adoption for the banking sector is aimed at improving the deployment of services in retail banking. Although information management systems have improved customer convenience and improved access to banking services, there are security and operational challenges that influence this type of innovation. Though governments and regulatory agencies have drafted policies and guidelines for reducing vulnerabilities associated with electronic banking, it still remains a critical challenge. Given a broad range of electronic banking vulnerabilities, failure, and lapses, the current study focuses on future information management systems for banks addressing various challenges in the existing models. The study considers improvement strategies that are necessary for information management systems, multidisciplinary view of services, the role of technology in service delivery, service science, and second wave of e-commerce (Minjoon, 2001; Loonam & O'Loughlin, 2008). One of the key frameworks that guide in the identification of future of banking information management systems is the electronic service. Conceptualization of the framework is based on a multidisciplinary and multidimensional construct approach, which involves assessment of the existing frameworks and potential improvements that could enhance service delivery (Loonam & O'Loughlin, 2008). This understanding creates a foundation of the study on the future of banking information system and its impact on e-banking. In recent years, information system technology is being employed in the banking industry to improve effectiveness and efficiency that are key to customer satisfaction. With the recent advancement and growth in digital technologies, there are challenges relating to information security, data privacy, and vulnerabilities that any future systems must meet. As Chafey (2003) states, growth in wireless devices (mobile phones and tablets) and the advancement of technology has resulted in significant changes in banking operations. There is no definite universal mobile banking system since they vary from one country to another in meeting the country’s legislative and policy guidelines provided for the banking industry. As a result, most banking information system offers micropayments to merchants, money transfer, long-distance remittances, and bill payment to utilities (Porteous, 2006). The growth in technology and innovation has enabled the development of complex banking information systems that have advanced implementation of electronic banking (i.e. e-banking). According to Steven (2002), electronic banking uses electronic and telecommunication networks to enhance services in the banking sector. Porteous (2006) view electronic banking as a form of e-commerce targeting the banking sector to offer financial services. Additionally, banks offer money transfers and payment services to their customers through the information technology infrastructure (Porteous, 2006). In the current business environment, there are dynamic changes arising from disruptive technological innovation that has increased demand for e-banking services. The study focuses on critically evaluating the future of banking information system and explore how these changes will impact electronic banking. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(The Future of Banking Information System and Its Impact on E-Banking Thesis, n.d.)
The Future of Banking Information System and Its Impact on E-Banking Thesis. Retrieved from
(The Future of Banking Information System and Its Impact on E-Banking Thesis)
The Future of Banking Information System and Its Impact on E-Banking Thesis.
“The Future of Banking Information System and Its Impact on E-Banking Thesis”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Future of Banking Information System and Its Impact on E-Banking

Banking and international banking system

...Institutions Deregulation and Monitory Control act of 1980 relaxed its regulations on financial institutions as it raised deposit insurance limit and broadened lending powers of financial institutions. As a result, banks were able to venture into other areas such as real estate and speculative lending. United States Securities and Exchange Commission allowed investment banks to increase the level of debt following the relation of net capital rule. This fuelled growth in mortgage backed securities that supported subprime mortgages. Shadow banking system was not regulated as other depository banks. This allowed them to lend more to their...
8 Pages(2000 words)Essay

E-Commerce/Banking Portfolio

... and Tactical use of ICT in Airline Industry." Information & Management, 41 (2004): 805-825. Print. Caldwell, Miriam. Three Advantages of Online Banking. n.d. Online. 27th March 2012. Mena, Guillermo Aranda. Barriers to E-Business Adoption. n.d. Web. 27th March 2012. Pastore, Michael. Future of Online Banking Bright. 1 June 1999. Online. 27th March 2012. Romanov, Clara. What is E-Insurance? n.d. Web. 27th March 2012. Scope of Ecommerce. n.d. Online. 27th March 2012.... carefully. A person after having done his transactions in public computer must erase the cookies for every session of transaction. Moreover, a person must also ensure that the password must not be so short that it can be hacked easily. Also, online banking...
5 Pages(1250 words)Essay

Internet Banking (E-Banking)

...also facilitated the fulfilling of customers’ demands. E-banking has enabled banks to provide efficient services at reduced charges and expand globally. It has made banking more customized and personalized. It has enabled banks to provide general information to customer through banks websites and electronic information transfer via passwords. Banks also make use of electronic transactional system to allow a two way transaction between customers and online banks. The electronic payments are carrying out payments electronically such as...
6 Pages(1500 words)Essay

Impact of e-commerce in Banking sector

...?Impact of e-Commerce in the Banking Sector The modern era has witnessed the widespread espousal of information technology in many business sectors. Many business establishments usually use information technology in processes such as managing organisational data. In such cases, information technology has to do with the operation of computers, as well as the use of computer software for processes such as converting data, protection, storage, and the retrieval of information. More than any other sector, the banking sector has implemented various functions of information technology to ease...
13 Pages(3250 words)Essay

The UK Banking System

...Economic Area (EEA) banks. Many of these do not have a physical presence in the UK but can accept deposits on a cross-border basis. Assets and liabilities of the UK banking sector reached 4,165bn at the end of 2003, nearly three times the 1993 total. Although their share decreased somewhat during the past decade, foreign banks still held over half of UK banking sector assets in 2003. European banks accounted for nearly a half of this, followed by US and Japanese banks (Delta Quest Network, 2005). Bank of England is responsible for maintaining overall stability of the financial system as a whole. Since...
7 Pages(1750 words)Essay

Introduction of e-banking

...and technological tests created by the advent of e-banking. Areas Impacted By E Banking Solutions Banks, in particular, should reflect on how they can optimally maintain clients who are transacting business by electronic means, and also how the banks can themselves discover new opportunities to endorse their services and product portfolio. Consequently, the banking companies in most of the industrial and the developing economies are under progressively more pressure to provide electronic banking (e-banking) services through the internet. Although...
17 Pages(4250 words)Essay

Banking System

...GRINGOTT'S BANK ATM Overview of the current System Money, it is said, makes the world go round. This has never been truer in context of the global banking industry and financial markets, which are becoming more inter-linked and integrated, creating the need for a new generation of solutions that, operate in real time with impeccable reliability. The current banking system is mainly concentrated on paper transactions and various forms of wire transfers. Any money that needs to be sent is delayed in proportion to the farness of its destination at least in the case of paper transactions. This delays business deals and this delay is...
12 Pages(3000 words)Essay

Islamic banking system study the assumption that the Islamic banking system is open to changes (Ison et al., 2007, 17); its rules are clear and strict; no change would be accepted apart from the case that the conditions in the global or the local market have changed to such a point that the extinction or the limitation of the policies of Islamic banking system have become necessary. 4. Future prospects for Islamic banking in Britain The British banking market has entered a period of recovery – referring to the strong financial crisis of 2008 onwards. The data related with the performance of this market prove that there are...
12 Pages(3000 words)Essay

Banking system

...Banking Since time immemorial, banks have been a place where people deposit their money for safekeeping. This is process of depositing money for safekeeping is called ‘retain and hold’ in banking. In essence, this means that banks have the responsibility of receiving customers’ money and keeping it for them for a given period after which they can withdraw when they need them. Therefore, banks act as safe stores for their customers. However, due to recent harsh economic environment, banks have been force to metamorphose and start engaging in various commercial activities to boost their profit gains. These activities include selling various...
2 Pages(500 words)Essay

Banking System

...Banking System Banking System The financial crises of the period of 2008 experienced by the United s were caused due to the defaulting sub-prime mortgage loans. These loans were provided by the banks of United States to various individuals residing in the region. These loans were provided without performing any background checks and without identifying whether the borrowers will be able to pay off their debts. These loans were even provided without taking into consideration the credit ratings of these individuals. When crises started taking place and individuals started losing their jobs, these individuals became unable to pay off their debts and...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Thesis on topic The Future of Banking Information System and Its Impact on E-Banking for FREE!

Contact Us