+234 813 0686 500
+234 809 3423 853
info@grossarchive.com

ELECTRONIC BANKING

  • Type:Project
  • Pages:48
  • Format:Microsoft Word
(Banking and Finance Project Topics & Materials)
INTRODUCTION
1.1 BACKGROUND OF STUDY
The Nigeria banking industry has witnessed a lot of changes since the mid 1980’s and this is reflected in the increased volume and complexity of bank operations, increased innovations and varieties in product and service delivery. These development have not only been technology  driven but have influenced move technological advances.
Information technology which is the foundation of modern electronic banking through desktop computers and terminals provide the tools for delivery of new products and innovations characterized by ATM’s cash dispensers, credit and cash card, information technology through electronic banking is  radically changing how banking is done all over the would. The volume and speed of banking transactions has improved tremendously as a reject of the growth of electronic banking which has created a lot of changes and business opportunities for banks. What used to be termed electronic data processing has been transformed into electronic banking through information technology. The change in terminology reflects on equivalent transformation of the use of the computer  from automation of paper flow to reduction in unit cost the replacement of manual with computer processing to today’s focus on electronic product and service delivery which has become the underlying ethos in today’s banking with a shift in adopting to a  consumers market. Electronic banking through IT has created and unparalleled wired economy. The transfer of money from point “A” to point “B” has resulted in turning the actual money into bits and bytes through satellite, fibre optic, cable or regular telephone lines. Aladesulu (1998).
Banks waste millions of naira on information technology investment and so as a result, electronic banking is expensive but is well suited in Nigeria where transport, telecommunications and energy is still inefficient and ineffective, hampering the movement of goods and services. Yet the willingness of banks to take up efficiency seeking technologies depends just as much on internal factors like costs of adoption and ownership as on external ones like the availability of infrastructure such as telecommunication.
Despite this poor service is still the bane in the banking industry characterized by centralization of decision making red tape bureaucracy etc. electronic banking and IT is supposed to replace the customer’s file phenomena but the file still provides the basis of today’s banking. The file still travels the length and breath of the bank before decisions are made such poor delivery service has contributed to a lot of economic activity outside the bank. Aragba-Akpore (1999).
Most of “IT” systems and trainings are imported from overseas without  consideration for the peculiarities of the local environment.
Hence, according to Njokanma (1999) at an international information technology workshop on how to survive banking operations of financial institutions in the 21st century, he said that the essence of the workshop is to make their own contribution to IT development hence the need to add value to the nation by discouraging Nigerians from going abroad for such trainings which the series of workshop will offer.
‘IT’ is not considered as core business while IT managers are treated as auxiliary staff rather than innovators.
So, finally, the justification of huge investments in “IT” by the banking sector is yet to establish the much needed impact.

2.0 REVIEW OF RELATED LITERATURE
This chapter will cover such areas as the meaning of
electronic banking, origin of electronic banking, meaning of computers, the
relevance of computer to electronic banking, some electronic banking products,
and their relevance to electronic banking. I will also talk on the impact of
electronic banking on the operations of the diamond bank Nigeria ltd. Attention
would also be shifted to the benefits and problems associated with electronic
banking, solutions to the electronic banking problems and then inferences from
literature.

ELECTRONIC BANKING

Share This

Details

Type Project
Department Banking and Finance
Project ID BFN1586
Price ₦3,000 ($9)
No of Pages 48 Pages
Format Microsoft Word

500
Leave a comment...

    Details

    Type Project
    Department Banking and Finance
    Project ID BFN1586
    Price ₦3,000 ($9)
    No of Pages 48 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT This study reviewed the concept of electronic banking (e¬-banking), examined its prospects for Nigerian banks and discussed associated risks. The study also went further to state the guidelines for e-banking as provided by the Central Bank of... Continue Reading
    . ABSTRACT This study was embarked upon to ascertain the   impact of Accountancy knowledge on the Role of Electronic Banking in the Development of Financial institutions in Nigeria. The study has a total of three chapters and first chapter titled... Continue Reading
    ABSTRACT Electronic banking system has become an important practice among commercial banks in Nigeria. The introduction of this electronic banking has improve banking efficiency in rendering services to customer, It was in line with this that the study aim at examine the impact of electronic banking system in Nigeria. Through the cluster sampling... Continue Reading
    THE ROLE OF ELECTRONIC BANKING IN DEVELOPMENT OF BANKING INDUSTRIES IN NIGERIA. (A CASE STUDY OF GUARANTY TRUST BANK PLC OGUI ROAD, ENUGU) ABSTRACT The primary aim of this project tilted role of electronic banking in the development of banking industries in Nigeria which is being taking with all seriousness as it presents a mechanism of extending... Continue Reading
    ABSTRACT The primary aim of this project tilted role of electronic banking in the development of banking industries in Nigeria  which is being taking with all seriousness as it presents a mechanism of extending banking services of wilder segment of the people at a lower cost. More importantly, it encourages innovations and competition by making... Continue Reading
    ABSTRACT The banking industry in Nigeria is now facing unprecedented competition from non-traditional banking institutions, which now offer banking and financial service over the internet. The purpose of this study was to evaluate the influence of electronic banking on the Nigeria banking system. This study among other reasons would help to... Continue Reading
    ABSTRACT Electronic banking System has become an important practice among Commercial Banks in Nigeria. The introduction of this electronic banking has improved banking efficiency in rendering services to customers.   It was in line with this that the study aimed at examining the impact of electronic banking in Nigerian banking system.   Through... Continue Reading
    TH E IMPACT OF ELECTRONIC BANKING IN NIGERIA BANKING SYSTEM (CRIT I CA L APPRAISAL OF UNITY BANK PLC) CHAPTE R ONE  INTRODUCTION 1.1 .   Background of the Study The new millennium brought with it new possibilities in terms of information access and availability simultaneously, introducing new challenges in protecting sensitive information from... Continue Reading
    ABSTRACT This Project goes into the Roles of Electronic Banking in Nigeria, the supervisory framework. The security for the money, the component of the Electronic Banking, finding and recommendation for future uses. It is of a great importance to the students of Financial and Business Studies and those in economics. It is a very important to... Continue Reading
    ABSTRACT Electronic banking has become an important practice among commercial banks in Nigeria. The introduction of this electronic banking helps improve banking efficiency in rendering services to customer, it was in line with this that the study aim at examine the impact of electronic banking in Nigeria. Questionnaire was employed in the course... Continue Reading