A look at the essay on internet banking and information technology
The research objectives cover a wide range of relevant issues, from phishing and malware to identity theft and data breaches. This article reviews the theoretical literature on the growth of digital and information technology in the Indian banking sector. The astonishing advances in digital technology have done just that. Key learning points. Online banking allows you to conduct financial transactions via a computer or smartphone over the Internet. With internet banking you do not have to go to a branch. Detailed guidelines from RBI for internet banking have laid the necessary foundation for the growth of internet banking in India. The Information Technology Act, which gives legal recognition to the creation, transmission and retention of electronic or magnetic data, must be treated as valid evidence in a court of law, except in those areas where that is the case. Overall, this promising technology affects the banking industry mainly in the following three aspects: 1. Technology affects competition and the degree of contestability. Introduction. Information technology can be defined as the process of manipulating, distributing and processing information. Information technology is increasingly becoming an important part of most organizations. To stay relevant and competitive in an ever-changing global environment, organizations use...,