StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Cunsumer adopting e-banking as a new technology innovation - Essay Example

Cite this document
Summary
While banking and the idea of the operations of a bank have not changed much in the past hundred years, the impact of technology has affected the banking sector as much as it has affected other industries. Coelho and Easingwood (2003) reports that this situation has placed banks…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.9% of users find it useful

Extract of sample "Cunsumer adopting e-banking as a new technology innovation"

Download file to see previous pages

While there may have been security concerns about this in the past, today security on mobile networks is almost at par with the security strength which available to those accessing their accounts from desktop computers (Coelho and Easingwood, 2003). Marketers and technology companies have done their part in allowing users to expect the same experience and the same speed which they find in e-commerce to be applied to m-commerce. This means users are more willing to adopt e-commerce as a means of interacting with their financial service providers.

This experience can be carried over from the mobile phone to the desktop or laptop computer and across different operating system since the interface is web based. Just as mobile network data transfer can be secured, laptops and desktop computers can also have wireless data networks with the same if not higher levels of security while providing a more enriching experience since the computer is a far more capable machine for information access than a mobile device. The interaction is one of the factors which impacts the propensity for consumers to adopt e-banking since the interaction with a human at a bank branch is quite different from an interaction a person may have with a computer.

Customers may choose to make investments based on information given to them by a financial consultant in the real world but they can also make investments decisions based on the current information they have. For example, a client could get a news report about a company which made a breakthrough in nanotechnology on their mobile phone. They can simply use their phone to login to their financial investment services provider’s web portal, research all they want to know about the company and simply put in a buy order for stocks of the company.

All of this can be done from the client’s phone or the client’s primary computer. SSL encryption,

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Cunsumer adopting e-banking as a new technology innovation Essay”, n.d.)
Cunsumer adopting e-banking as a new technology innovation Essay. Retrieved from https://studentshare.org/miscellaneous/1545046-cunsumer-adopting-e-banking-as-a-new-technology-innovation
(Cunsumer Adopting E-Banking As a New Technology Innovation Essay)
Cunsumer Adopting E-Banking As a New Technology Innovation Essay. https://studentshare.org/miscellaneous/1545046-cunsumer-adopting-e-banking-as-a-new-technology-innovation.
“Cunsumer Adopting E-Banking As a New Technology Innovation Essay”, n.d. https://studentshare.org/miscellaneous/1545046-cunsumer-adopting-e-banking-as-a-new-technology-innovation.
  • Cited: 0 times

CHECK THESE SAMPLES OF Cunsumer adopting e-banking as a new technology innovation

The Impact of Mobile Banking on the Accounting Profession in Banking Environment

From the paper "The Impact of Mobile Banking on the Accounting Profession in Banking Environment" it is clear that mobile banking innovation can be considered as a revolutionizing development.... However, largely unknown is its impact on the accounting environment.... nbsp;… In regard to the application distribution challenges, there are several mobile banking solutions, which are available through installation on the devices....
5 Pages (1250 words) Research Paper

Investigating the Main Factors on Adoption of Internet Banking of HSBC Uxbridge Branch

Just like any other sector, new customer relationship strategies are being formulated in the banks as this industry has also accepted the new technology - Internet Banking.... The emergence of Internet Banking has also prompted a number of banks to rethink their strategies of Information technology in order to sustain in the competitive industry.... Modern day customers demand more from the banking services, as they want new levels of flexibility and convenience than what traditional banks offer....
30 Pages (7500 words) Coursework

Mobile Banking Factors why consumers are resisitng the new technology

When mobile phone banking was first launched in the US market in mid-2002, the US consumers had a lukewarm response to the new technology during that time.... When mobile phone banking was first launched in the US market in mid-2002, the US consumers had a lukewarm response to the new technology during that time.... Mobile banking represents a daring and emerging innovation with currently relatively low usage rates among American consumers....
14 Pages (3500 words) Essay

New Technology and Innovation

Diffusion versus invention of New Technology Quite dissimilar to the event of invention of a new technology, which though may seem to emerge after a series of test trials and experimenting but often appears to occur as a single event or jump, the diffusion of that technology usually appears as a continuous and gradual process.... This paper ''new technology and Innovation'' tells that Surveying trade has been defined by the International Federation of Surveyors in the following manner: “A surveyor is a professional person with the academic qualification and technical expertise to conduct one, or more, of the activities....
8 Pages (2000 words) Essay

The Nature of Innovation

The author of this essay "The Nature of innovation" casts light on the concept of innovations.... hellip; innovation is described as “the quintessential feature of commercial, political, economic, and business development”  (Courvisanos, 2009, p.... nbsp; The social obsession with innovation began in the mid-20th century when systematic innovation as business activity was established as one aspect of industrial policy....
12 Pages (3000 words) Essay

Apple Pay in the US

the mobile payments industry is expecting to boom rapidly as more consumers are adopting the use of such technology.... The industry is seen to be in its booming phase with new types of... The mobile phone has evolved into a gadget which supports a number of functions To add to the list, modern smart phones now act as payment devices, thereby eliminating… In the U....
13 Pages (3250 words) Essay

New Technology Within the Land Surveying Profession

The author states that unless the organizational changes occur alongside the new technology the practical and operational utility of innovations cannot be harnessed to full.... The author looks at the various organizational changes that may be required to adopt new technology and innovation.... Such software represents not only a time-saving innovation that handles larger amount of relational data but also makes available refined and technical outputs....
9 Pages (2250 words) Term Paper

Innovative Organisations: Mohawk Industry

hellip; The author states that about 43% of innovation-related researches focus on product innovation.... The size of an organization has a direct and positive relationship with innovation (Schumpeter 1942).... Moreover, studies have shown that large organization have more resources for innovation and are riskier in supporting innovative strategies (Damanpour 1992; Tsai 2001).... In terms of age, studies also showed that it has direct and positive relationship with innovation since older organizations have more experiences that they can use in innovative programmes and activities (Sorensen and Stuart 2000)....
10 Pages (2500 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us