Yu Ebao 's Advantages Of Users

The threats and opportunities in the e-banking line are increased due to the introduction of internet. The threat of e-banks and the point of equality concept are very highly used by the current competitors. There are rivals such as CIMB clicks, Hong Leong online banking and many more which cause Maybank2u.com unable to monopolize the market. As a consequence, the customers can exchange brands easily. Moreover, the customer of Maybank are likely to concern with the safety matter of online banking. They prefers to do transaction in the classic ways more than online banking due to their lacking of confidence toward security and safety matter of online banking. They are scared of hacker that might intercept their information. But other than that, the bank may significantly affected by the present macroeconomic situation across the global and adjustment in economic policies in South East Asian countries. This happened because Maybank’s goal is to widen Islamic business in markets such as Singapore and Indonesia as part of their target on the ASEAN

There are some policy recommendations based the findings of this essay. It is a positive thing that enlarges the coverage of financial services, increasing the opportunities of access in financial services and activities. It will benefit for decrease the level of inequality. It claims that by allowing the poor an opportunity to get access into the financial

The World Wide Web has changed our culture in so many ways. People are able to do so many activities over the World Wide Web, it is unbelievable. You can pursue a degree through online universities, communicate with users around the world, purchase goods and services online, and yes, you can bank and pay your bills online. This new technology has enabled us to make payments, maintain a checking/debit card account, balance transfers, all via the web. You can maintain your entire financial portfolio through online banks that provide this feature. There are online banks that can provide interactivity between popular financial management software programs, such as Quicken and Microsoft Money. When using

As their name suggests, they only execute their operations online. Customers can only be in contact with their money over the internet since they do not have any physical branches. Because online-only banks require lower overhead costs, they have the capability to offer more free services and higher interest rates compared to a traditional bank. Online banking provides many customers the convenience of handling their business at any physical location as long as they have access to internet. This is possible because of the variety of services that online banks provide despite limiting interaction to only the internet. Some of their services include applying for loans online, transferring funds and paying bills online. While the convenience of being able to access banking through the internet is worthwhile, there are limits to it. For example, making large deposits to the bank is limited and can only be made through the mail, they don’t service cashier checks for transactions, and withdrawing money from the account is very inconvenient. Luckily, the role of the internet in financial transactions is becoming increasingly prominent so that spending money online is more accessible, but it is important to understand both the benefits as well as restraints of online banking. Nowadays, many large brick-and-mortar banks have caught on and provide some online services in attempts to

Banks that offer financial products and services through the Internet must be able to meet their customers’ expectations. Banks must also ensure they have the right product mix and capacity to deliver accurate, timely, and reliable services to develop a high level of confidence in the customers. Customers who do business over the Internet are likely to have little tolerance for errors or omissions from financial institutions that do not have sophisticated internal controls to manage their Internet banking business. Likewise, customers will expect continuous availability of the product and Web pages that are easy to navigate.

When understanding the balance of goods and services that are traded by a country, it is reliant in a negative manner on the imports needed to produce the products. Also, the flow of money in the international market is depending on interest rates from all nations and can be positively or negatively affected dependent on how high or low these rates are by nation. When investors are looking to increase their financial position, country’s offering higher

The deregulation of finances and innovation by investors has created a highly technological financial system that is freely accessed on a global basis. The deregulation of the financial sector and the internationalization of financial markets are now made effortless through the ability to use instant telecommunications.

One of the functions of the financial institutions is Commercial Banks. Commercial banks will accept deposits and provide very good security and make it suitable for their customers. This is just a normal role for the bank to give their customers money safe so that their customers don’t have to physically keep their belonging in their home or on them (APB, 2001). With having commercial banks there is no need to keep large amount of money in hand because the banks can handle it such as online banking, checks, debit card or credit card.

With a heavy increase in the number of online trading account holders, which rose from 20 million in 2012 to nearly 24 million in 2014, the IT sector has realized the potential that is available to exploit. Also, with internet continuously reaching sky-high numbers in terms of consumers, the nature of the financial services has dramatically changed. Online trading accounts removed the need for maintaining the necessary trading documents and certificates as an alternate trouble-free path via the internet.

The financial sector has experienced enormous change over the past few decades. Evaluating the changes that have transpired over the last 40 years is amazing. Transformation of the industry began in the 1970’s when the Federal Reserve announced the U.S. dollar was moving away from the gold standard and has culminated today with the latest technological applications. Henceforth, the ways financial transactions take place have forever changed (López, Setola, & Wolthusen, 2012, p. 300-302).

There are various types of banks depending on the area they specialize in, including central banks, commercial banks, investing banks, and retail banks and so on (Boatright, 2010). This paper focuses on commercial banks, which deal with a variety of business activities and maintain the core of being financial intermediation (Boatright, 2010). As a financial intermediation, banks generate profits for all savers, borrowers and themselves by applying interest rate on both deposits and loans. To have enough money for lending, banks pay savers interest to encourage them to deposit money into their account. Correspondingly, they also

In the mid-1990s came Internet banking which enabled consumers to access their financial accounts using a home computer with an Internet connection. Despite its promise of ultimate convenience, online banking saw slow and tentative growth as banks worked out technology issues and built consumer trust. Today, Internet banking has reached a critical mass, with about 35 percent of U.S. households conducting bank transactions online.

According to Yasuharu (2003), implementation of information technology and communication networking has brought revolution in the functioning of the banks and the financial institutions. It is argued that dramatic structural changes are in store for financial services industry as a result of the Internet revolution; others see a

The banking sector us the division of society’s economy, which is devoted to managing financial assets for its people. The industry invests on the finances, leveraging them to produce more wealth as it follows the regulation of the government. The holding of people’s financial assets is done as per customers’ wish and request. It all starts with a simple account opening, which in turn involves giving full individual information including their dates of birth, full names, next of kin, national document registration numbers, residence, gender, nationality, and so on. The bank vows to keep this information secure, and the customer agrees to have authenticated the sector to do so. The customer then starts bringing his or her financial assets, and the bank uses it for further wealth creation, allowing the client to have them at any time.

As to private individuals, this study aims to help them who are interested on investing their money on different business institutions, to reduce the chance of getting them tricked, and to overcome their stress, anxiety, and other negative feelings resulting from the risk their avoiding. Also, as to government institutions, this study will give awareness to different government institutions for them to develop legal entity that will provide financial literacy for private individuals that are interested in investing in different business institutions.