An implementation of a secure banking system essay
The research objectives cover a wide range of relevant issues, from phishing and malware to identity theft and data breaches, while also addressing whether e-banking gives the user virtual access to services through its various forms, such as home banking, PC banking, Internet banking and mobile banking; Cybersecurity is the ability to protect or defend cyberspace, including mobile phones, from cyberattacks. It is clear that mobile banking customers place a high priority on security. This article provides a state-of-the-art approach to developing an effective and secure web banking system. Firstly, it presents the latest trends and developments on the internet. It is important to realize how security aspects in a banking system can influence such illegal activities, which can then lead to major losses for the financial world. The purpose of this article is to provide an overview of the application and opportunities of the Blockchain for a secure banking system. In this overview, Islamic banking takes its name from its adherence to Islamic laws, also known as Sharia laws that govern financial transactions. Islamic law prohibits charging rent on money which in conventional words means interest and is called Riba in Islamic law. The rationale behind not charging interest comes from the Islamic concept of financing. A systematic literature review of e-banking. Fraud: Current Scenario and Security Techniques. Iftikhar. Shahid. Shahzad and Mohammed. The Indian banking industry has successfully grown, innovated and attempted to adopt and implement electronic payments to improve the banking system. Although Indian payment systems do. Traditional vs modern banking essay. Traditional banking is characterized by the application of strict regulations, while modern banking is distinguished by the introduction of new laws that have resulted in the deregulation of key aspects of the banking industry. Banking crisis in the documentary 'Inside Job'. In the banking context, the use of AI has led to more seamless sales and guided the development of effective customer relationship management systems. Tarafdar et al. 2019. While the past focus has been on automation of credit scoring, analytics and Mehrotra's grant process, 2019's capabilities evolved to support 1. Fintech. The term financial technology, also written as fintech or fintech, is a neologism that combines the terms "financial" and "technology" and describes the convergence of Internet-based technologies, such as cloud computing or mobile Internet, with well-established business activities in the banking sector, such as transactions, electronic banking and e-banking, have emerged due to globalization, competition and rapid growth of IT systems. It has become the self-service delivery channel that allows banks to provide information and offer services to their customers with greater convenience through various technological services such as the Internet and mobile phone. This new,