great need to change banking culture and ethics to close the increasingly growing gap between retail bankers and their clients. The global financial crisis epitomises the significance that trust and confidence plays in financial markets. Although the financial crisis was over five years ago banks are still at the bottom of the trust league table, this is evidence supporting that the loss of trust is not an issue that can be rectified with a reform or new policy. (Reference 1)Radical changes in banking
whereby anyone who wants to make payment to another person/company etc. can approach his bank and make cash payment or give instructions/authorization to transfer funds directly from his own account to the bank account of the receiver/beneficiary. Complete details such as the receiver's name, bank account number, account type (savings or current account), bank name, city, branch name etc. should be furnished to the bank at the time of requesting for such transfers so that the amount reaches the beneficiaries'
ISSN 2039‐2117 Mediterranean Journal of Social Sciences Vol. 2 (4) September 2011 Information and Communication Technology (ICT) and Banking Industry Alawode, Ademola John+ Emmanuel Uche Kaka** * Department of Computer Science, Federal Polytechnic Ilaro, Ogun State, Nigeria ** First Bank Nigeria PLC, Ahoada Branch, Rivers State, Nigeria. Abstract Information and Communication Technology, the language of the new age and its grammar which is Science has become an indispensable and
2.1Literature Review Technology has always been a major driver of bringing changes and making things simpler in an auspicious manner. A technological breakthrough has carried major changes particularly from the most recent century. The internet is just one of the contributions of technology that has reshaped practically every component of our lives. With the boom of new technologies such as Internet and mobile phone it reshaped the banking of today from traditional banking to e-banking. Online banking
Industry – A study of technological drivers of change Janki Kakkad IS 8005 Kennesaw State University Abstract Technology has been the main driver for globalization of banking operations. Various advancements in technology have not only changed the banking business but also the way customers perform their banking activity. Banking industry is moving from the traditional brick and mortar set up to the virtual channels at a very rapid rate. Technologies like ATM, POS terminals, internet and mobile
(FBI) and the major technology companies regarding encryption reaches new heights. Since the Dotcom boom in the year 2000 technology has integrated itself into our everyday lives, we use it for baking, shopping, listening to music, entertainment, text messaging, facetime, and mapping our way in a new place, to name a few. The electronics that we use everyday contain all of
of healthcare will be presented at the end of this analysis of the five challenges presented. Proposed Health Care Reform and Legislation Times have changed and it continues to change due to the electronic world that is taking over how business and society deal with their everyday life. It now generates a series of changes
(Eades et. al, 2010). The years 2000-2003 was an expansion period created when the Federal Reserve offered “easy credit” (Finance and Banking Developments, 2010). The easy credit offering and bank deregulation in 2004, which allowed banks to lend out as much as they felt they could handle, caused the economy to spiral out of control. The Federal Reserves had to contract the market during the years 2004 – 2006. With the swings in the economy, it led to a large financial crisis of 2007 thru 2010.
place. The U.S. was other Nations. The farmers were over producing in hopes of having a prosperous time and but no one was buying our products either as a result. When President Franklin D. Roosevelt was voted into office, he soon convinced Congress to approve the Reciprocal Trade Agreement Act. This act allowed the President to negotiate bilateral trade agreements with other countries. This re-opened the door of communication and started to help rebuild the mutual trust with other countries, thus
prevent any kinds of scandals. Barclays bank is relatively newer player in the context of its Indian operations. In reference to Indian environment, it had to confront a lot of challenges such as managing an extremely diverse workforce and others. It had significant operational losses and poor responses of locals in relation to retail banking forced the organization to take an exit path from India. This research study uncovers the kind of work culture that Barclays bank need to set up in order to not only