In this essay we will discuss about Internet Banking. After reading this essay you will learn about:
The annual reports of CBK clearly indicate that, branch network has been slowly expanding since By the end of DecemberKenya had a total branch network ofas compared to branches in the period ended December The slow growth of branches can be attributed to the rapid rise of alternatives, which include electronic financial product through mobile phones and Personal computers.
A strong banking industry is important in every country and can have a significant effect in supporting economic development through efficient financial services.
In Kenya the role of the banking industry needs to change to keep up with the globalization movement, both at the procedural level and at the informational level. This change will include moving from traditional distribution channel banking to electronic distribution channel banking.
Given the almost complete adoption of e-banking in developed countries, the reason for the lack of such adoption in developing countries like Kenya is an important research that will be addressed by this paper.
Traditional banking is characterized by physical decentralization, with branches scattered around populated areas to give customers easy geographical access Ainin et al. E- Banking does away with the need for most visits to the bank. Technology is changing at a rapid pace making it difficult for both the customer and the bank to determine the best approach.
Particular problems arise with trying to integrate new channels with legacy channels. So through this research i will be able to identify the challenges of E-banking adoption among the commercial banks in kenya and whether customers are contented with the system.
Objective of the study General objective The main objective is to identify the challenges of e-banking adoption among commercial banks in kenya. To investigate the technological risks facing banks due to adoptions of e-banking 2.
To analyze security challenges affecting e-banking. To investigate cost challenges facing banks due to adoption of e-banking. Research Questions The study seeks to answer the following 1. What are the technological risks facing banks due to adoption of e-banking?
How security challenges affect e-banking? What are the costs challenges facing banks due to adoption of e-banking? Significance of the Study The findings of this research will be helpful to all the user groups of E-banking services.
CEOs and bank managers who implement E-banking services and makes operational and strategic decisions. The professionals involved with on-line applications as well as IT.E-Banking Essays - Would E-Banking really be the right route to take in achieving success in the future.
This report lays out concrete facts and unique opinions that will help you understand and determine what the right decision for your business is.
E- Banking Essays: Over , E- Banking Essays, E- Banking Term Papers, E- Banking Research Paper, Book Reports. ESSAYS, term and research papers available for UNLIMITED access. E Banking Essays: Over , E Banking Essays, E Banking Term Papers, E Banking Research Paper, Book Reports.
ESSAYS, term and research papers available for UNLIMITED access. The security and authentication of modern banking are very much dependent on cryptography and its applications. With the expansion of global Information and Communication Technology (ICT) infrastructure and the internet, e-banking is set to play a pivotal role in the national economic development of any country.
Internet banking refers to the use of the internet as a delivery channel for banking services, which includes all traditional services such as balance enquiry, printing statement, fund transfer to other accounts, bills payment and new banking services such as electronic bill presentment and payment (Frust, Lang, & Nolle, ) without visiting a bank .
Free Essay: Introduction A bank refers to a financial institution that accepts deposits and channels the money into lending activities (Lewis, ). Ethics.