Professional Documents
Culture Documents
1 - 6-Trends in Banking
1 - 6-Trends in Banking
Product Innovation
Investment products
Gold / silver coins
Marketing of insurance product
Credit cards and debit cards
Innovative services
Automatic Teller Machines
Facilitate issue of capital market products
Internet Banking
Web site information of banks.
Bank products and services.
Web transactions.
Submission
of
applications,
instructions,
account
Virtual Banks
Do not have a physical presence in a country however
offer their services to customers.
Electronic delivery channels provide banking services.
Internet services of banking products.
Termed as i-banking.
of
Security risk
Financial transaction movement through unauthorized
access.
Technology risk
Inappropriate choice of technology, such as file transfer
protocol, hyper text transfer protocol, telnet use.
and
bank
customer
relationship
Legal risk
Compliance of legal rules and regulations imposed by the
country in which the bank is operating.
Fraud
Criminal and fraudulent activities that are encountered in a
banking transaction.
International Transaction risk
Bankers inability to track foreign customers resulting in credit
risk for the banks.