Academic literature on the topic 'Internet banking'

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Journal articles on the topic "Internet banking"

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Diniz, Eduardo H., and Heloísa Mônaco dos Santos. "Internet banking." GV-executivo 5, no. 3 (October 3, 2006): 41. http://dx.doi.org/10.12660/gvexec.v5n3.2006.34299.

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Hoje em dia, a utilização de Internet banking já está incorporada às práticas do negócio bancário. Contudo, há não mais do que dez anos, a realidade era bem diferente. Utilizando o estudo de caso de um banco brasileiro pioneiro na adoção da Internet, o artigo explora fatores para a incorporação e consolidação desta na estratégia do setor bancário. A análise do caso mostra que a adoção de novas tecnologias é fenômeno complexo que envolve dimensões de ordem social, cultural, política e, naturalmente, econômica.
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Saxby, S. "Internet banking." Computer Law & Security Review 24, no. 3 (January 2008): 280. http://dx.doi.org/10.1016/j.clsr.2008.01.017.

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Makawa, Elizabeth. "INTERNET BANKING." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 05 (May 21, 2024): 1–5. http://dx.doi.org/10.55041/ijsrem34310.

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The paper describes the current state of Internet banking in India and discusses its implications for the Indian banking industry. Particularly, it seeks to examine the impact of Internet banking on banks’ performance and risk. Using information drawn from the survey of 85 scheduled commercial bank’s websites, during the period of June 2007, the results show that nearly 57 percent of the Indian commercial banks are providing transactional Internet banking services. The univariate analysis indicates that Internet banks are larger banks and have better operating efficiency ratios and profitability as compared to non-Internet banks. Internet banks rely more heavily on core deposits for funding than non-Internet banks do. However, the multiple regression results reveal that the profitability and offering of Internet banking does not have any significant association, on the other hand, Internet banking has a significant and negative association with risk profile of the banks. This research work was undertaken to ascertain the impact of Internet banking in Indian banks and evaluation of its effectiveness in the banking system. To put this study on a unique out look I’ve designed together information while personal questionnaires interaction was paid purely to areas of customers and cashiers of Indian bank and review of related literatures to the main themes and sub themes. It was ascertained that Internet banking has helped the banks to attain goals and objectives. KEYWORDS:internet banking, information technology,electronic transfers
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Smith, Alan D. "Internet retail banking." Information Management & Computer Security 17, no. 2 (June 5, 2009): 127–50. http://dx.doi.org/10.1108/09685220910964009.

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Dzomira, Shewangu. "Internet banking fraud alertness in the banking sector: South Africa." Banks and Bank Systems 12, no. 1 (April 26, 2017): 143–51. http://dx.doi.org/10.21511/bbs.12(1-1).2017.07.

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This paper analyzes internet banking fraud alertness to the general public by the South African banking institutions. The study is centered on routine activity theory, which is a criminology theory. A qualitative content analysis was used as the research technique for the interpretation of the text data from each bank’s website through the systematic classification process of coding and identifying themes or patterns to provide an in-depth understanding of internet banking fraud alertness in the banking sector. A sample size of 13 out of 16 locally and foreign controlled retail banks in South Africa was used. The findings report that banks are not adequately providing internet fraud alertness information to the general public on their websites notwithstanding that most banks they do provide such information to log-in users and the use of that information is doubtful. This study suggests a need to augment internet banking fraud alertness information and passably inform internet banking users of the types of internet banking fraud perpetrated by internet fraudsters before they log-in for transacting. Considering the current and widespread quandary of internet banking fraud, the information of this paper is important for internet banking users to improve their aptitude in identifying fraudulent schemes and circumvent them, and for the banking institutions to invest more in the provision of internet banking fraud information to the general public.
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Alam, Md Mahtab, and Dr Umesh R. Dangarwala. "Internet Banking Customer Satisfaction and Online Banking Service Attributes." Indian Journal of Applied Research 1, no. 6 (October 1, 2011): 198–99. http://dx.doi.org/10.15373/2249555x/mar2012/66.

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Dzomira, Shewangu. "Financial consumer protection: internet banking fraud awareness by the banking sector." Banks and Bank Systems 11, no. 4 (December 22, 2016): 127–34. http://dx.doi.org/10.21511/bbs.11(4-1).2016.03.

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This paper examines internet banking fraud awareness by the banking sector in Southern Africa as financial consumers’ protection. The study is grounded on routine activity theory and criminology theory. A qualitative content analysis research technique was used for examination of the text content data through the consistent nomenclature process of coding and classifying themes or patterns to proffer a meticulous considerate of internet banking fraud awareness in the banking sector. The findings suggest that internet fraud awareness to the general public through website is very low by many Southern Africa banks. Most of the banks disclose less than half of the identified internet banking fraud awareness to the general public on their websites. Although some banks have internet fraud information on internet banking applications, however, the authentic efficacy of this information is tentative. This proposes that most of the financial customers engage internet banking transactions without sufficient awareness on potential internet threats and attacks. There is, consequently, high likelihood of financial consumers being internet banking fraud victims. Keywords: internet fraud, internet banking, fraud awareness, financial consumer. JEL Classification: G21, D18
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Bank Indonesia, Tim Penelitian Pengaturan Perbankan. "INTERNET BANKING DI INDONESIA." Buletin Ekonomi Moneter dan Perbankan 5, no. 1 (October 11, 2003): 37–64. http://dx.doi.org/10.21098/bemp.v5i1.304.

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Perkembangan pelayanan jasa-jasa perbankan yang dilakukan melalui internet semakin marak seiring dengan pertumbuhan teknologi informasi yang semakin cepat. Faktor inovasi produk dan perkembangan teknologi sudah merupakan bagian yang tak terpisahkan dengan perkembangan industri perbankan untuk meningkatkan kualitas pelayanan sehingga menjadi lebih cepat, bagus dan efisienNamun demikian, masalah keamanan bertransaksi serta perlindungan nasabah menjadi perhatian tersendiri untuk pengembangan intenet banking ke depan, terutama karena tidak adanya kepastian hukum bagi nasabah dimana belum terdapat suatu bentuk pengaturan atas kegiatan internet di Indonesia. Masalah keamanan tidak hanya untuk kepentingan nasabah tetapi juga untuk kepentingan bank penyelenggara internet banking itu sendiri maupun industri perbankan secara keseluruhan.Bank Indonesia sebagai otoritas pengawas bank sangat berkepentingan untuk menjaga agar bank-bank pelaksana internet banking senantiasa menerapkan prinsip-prinsip kehati-hatian dalam perbankan (prudential banking operation), manajemen risiko dan perlindungan terhadap nasabah (customer protection) dalam penyelenggaran jasa perbankan melalui internet mengingat ketergantungan terhadap teknologi dan pihak ketiga sangat tinggiKajian mengenai internet banking ini nantinya akan menjadi bahan penyusunan pedoman serta dasar pemikiran dalam pembuatan ketentuan atau peraturan mengenai internet banking di Indonesia.Key Words : Website, Prudential Banking Operation, Risk Management, Customer Protection
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Marakarkandy, Bijith, Nilay Yajnik, and Chandan Dasgupta. "Enabling internet banking adoption." Journal of Enterprise Information Management 30, no. 2 (March 6, 2017): 263–94. http://dx.doi.org/10.1108/jeim-10-2015-0094.

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Purpose The integration of relevant antecedents into TAM would lead to better understanding of the decision factors which act as enablers for the adoption of internet banking. The purpose of the paper is to determine the influence of the antecedents subjective norm, image, banks initiative, internet banking self-efficacy, internet usage efficacy, trust, perceived risk, trialability and government support on the existing constructs of the technology acceptance model (TAM) and to test measurement invariance and the moderating effect of the demographic variables on the relationship between the latent constructs used in this augmented TAM. Design/methodology/approach A survey questionnaire was administered on internet banking users and a total of 300 responses were collected. A two-step approach suggested by Hair et al. (2006) and Schumacker and Lomax (2004) was used in this study. The proposed model was assessed using the confirmatory factor analysis approach. The structural model was then tested in order to establish nomological validity. The data based on four demographic dimensions gender, age, income, education were divided into two groups for each of these demographic dimensions. The invariance test was first performed on the measurement model and then on the structural model. The measurement model and structural model were subjected to tests of equivalence of parameters across groups. Findings To a large extent the results of the study supports the proposed model and thereby contributes to understand the influence of subjective norm, image, banks initiative, internet banking self-efficacy, internet usage efficacy, trust, perceived risk and government support on internet banking adoption. The predictor variables in the augmented TAM were able to explain 29.9 per cent of the variance in the actual usage of internet banking as compared to the TAM which was able to explain only 26.5 per cent variance in the actual usage of internet banking. A significant difference in the relationship between the different constructs of the model was observed when the model was subjected to multi-group invariance testing. Research limitations/implications The study suffers from the same limitations as most other studies involving TAM. In this study self-reported measures about the usage were taken as the actual usage. The findings of the study can be of use to marketers for target-specific marketing by customizing the marketing campaign focussing on the factors that were found to be strong influencers leading to the usage of internet banking for each target audience. Originality/value The main challenge in this study was to develop the conceptual model for the internet banking adoption by extending the TAM and to get a robust theoretical support from the extant literature for the relevant factors along with their relationship to uncover new insights about factors responsible for the internet banking adoption. The augmented model had an improved predictive capability and explanatory utility.
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Callaway, Stephen K. "Internet banking and performance." American Journal of Business 26, no. 1 (April 22, 2011): 12–25. http://dx.doi.org/10.1108/19355181111124070.

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Dissertations / Theses on the topic "Internet banking"

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Hedman, Emelie. "Internet banking : - what influences Internet banking adoption." Thesis, Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, 2017. http://urn.kb.se/resolve?urn=urn:nbn:se:hh:diva-33038.

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Kaushan, I. "Internet banking." Thesis, Видавництво СумДУ, 2004. http://essuir.sumdu.edu.ua/handle/123456789/22820.

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Karlsson, Malin. "Internet Banking Apps." Thesis, Högskolan i Halmstad, Akademin för ekonomi, teknik och naturvetenskap, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:hh:diva-32928.

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Eriksson, M., and C. Schuster. "Customer loyalty in Internet banking." Thesis, Kristianstad University College, School of Health and Society, 2008. http://urn.kb.se/resolve?urn=urn:nbn:se:hkr:diva-4808.

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In the recent years the way to do banking has changed. Internet banking has grown and a lot of niche banks working mainly with the Internet as a medium has entered the Swedish bank market. How to keep the customer loyal online in a very competitive environment has become a main question for the banks.

The aim of this dissertation is to test what factors impact bank customer loyalty in an online environment. A positivistic research philosophy, a deductive research approach, an explanatory purpose and a quantitative research method are adopted for the research.

It was found that customer satisfaction, corporate image and brand reputation and generation are factors that impact bank customer loyalty online. Switching costs, perceived service value and commitment show tendencies to impact bank customer loyalty online.

Since little research has been done on the topic bank customer loyalty, this dissertation may be of interest for researchers on customer loyalty and also for research on online loyalty for service companies. Moreover, the findings can be used as guidance for banks that want to develop their online banking and want to make sure they do everything possible to have loyal customers.

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Siu, Pui Leng. "Internet : a banking distribution channel." Thesis, University of Macau, 2003. http://umaclib3.umac.mo/record=b1636770.

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Dusyk, R., and V. Hetma. "Internet-banking: development and prospects." Thesis, Ukrainian Academy of Banking of the National Bank of Ukraine, 2009. http://essuir.sumdu.edu.ua/handle/123456789/61258.

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Johnson, M. J. "A new approach to internet banking." Thesis, University of Cambridge, 2008. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.605643.

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This thesis investigates the protection landscape surrounding online banking. First, electronic banking is analysed for vulnerabilities and a survey of current attacks is carried out. This is represented graphically as an attack tree describing the different ways in which online transactions can be attacked. The discussion then moves onto various defences which have been developed, categorizing them and analyzing how successful they are at protecting against the attacks given in the first chapter. This covers everything from TLS encryption through site phishing site detection to two-factor authentication. Having declared all current schemes for protecting online banking lacking in some way, the key aspects of the problem are identified. This is followed by a proposal for a more robust defence system which uses a small security device to create a trusted path to the customer, rather than depend upon trusting the customer’s computer. The protocol for this system is described along with all the other restrictions required for actual use. This is followed by a description of a demonstration implementation of the system. Extensions to the system are then proposed, designed to afford extra protection for the consumer and also to support other types of device. There is then a discussion of ways of managing keys in a heterogeneous system, rather than one managed by a single entity. The conclusion discusses the weaknesses of the proposed scheme and evaluates how successful it is likely to be in practice and what barriers there may be to adoption in the banking system.
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Law, Kritika. "Impact of perceived security on consumer trust in online banking a dissertation submitted to the Graduate Faculty of Design and Creative Technologies, AUT University in partial fulfilment of the requirements for the degree of Master of Computer and Information Sciences." Abstract. Full dissertation, 2007.

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Damiano, André Luis. "As fraudes no Internet Banking e sua evolução para o Social Banking." Universidade de São Paulo, 2013. http://www.teses.usp.br/teses/disponiveis/18/18157/tde-12092013-094137/.

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A tecnologia da informação e comunicação é um fator importante no desenvolvimento futuro da indústria de serviços financeiros, com especial atenção ao setor bancário. A maioria dos bancos utiliza a Internet como um canal estratégico de distribuição onde seus serviços e produtos possuem uma relação muito próxima com o conceito mais amplo possível de marketing, aquele que descreve plenamente um ambiente e um nicho de negócio e onde o desenvolvimento e evolução deste canal associa-se diretamente a própria evolução do marketing em si. O tema central deste trabalho é apresentar uma revisão bibliográfica sobre o canal Internet Banking analisando as principais questões e desafios referentes às fraudes eletrônicas e suas ameaças, além de descrever o impacto das mídias sociais que estão ocasionando dentro das corporações. Realiza-se também um paralelo de como os serviços e produtos bancários acompanharam de perto a evolução do marketing e como, hoje, neste momento de transição de um paradigma econômico para outro, estes dois modelos se relacionam em um ponto específico: a tendência das fraudes no ambiente de Internet Banking e sua evolução para o Social Banking. Analisam-se também quais caminhos serão abertos dentro do novo paradigma de economia e marketing sociais para este tipo de ocorrência. Para atenuar de forma eficaz o risco de fraude, é importante implementar um amplo programa decisório para prevenção, que se estenda além de um conjunto de controles internos sofisticados em todos os níveis e divisões de uma organização. Finalmente, a conclusão e perspectivas futuras da evolução do Internet Banking para o Social Banking com uma análise da evolução das ameaças e fraudes eletrônicas neste novo canal.
Information technology and communication is an important factor in the future development of the financial services industry, with particular attention to the banking sector. Most banks use the Internet as a strategic distribution channel where its services and products have a very close relationship with the broader concept of marketing, one that fully describes an environment and a niche business and where the development and evolution of this channel is directly associated with the evolution of the marketing itself. The central theme of this work is to present a literature review on the Internet Banking channel analyzing key issues and challenges related to electronic fraud and threats, and describes the impact of social media is causing in corporations. Additionally to the threats on the Internet Banking, this work brings an analyze of how the banking products and services are closely followed by the marketing evolution and how at this moment of transition from a economic perspective to another, these two business models are co-related to a specific aspect: The future and trends of the electronic fraud on the Internet Banking towards the evolution to the Social Banking. It also analyzes which paths will also open within the new paradigm of economics and social marketing for this type of occurrence. To effectively mitigate the risk of fraud, it is important to implement a comprehensive decision-making prevention program that extends beyond a sophisticated set of internal controls at all levels and divisions of an organization. Finally, the conclusion and future prospects of the development of Internet Banking for Social Banking with an analysis of the evolution of electronic fraud and threats in this new channel.
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Jansson, Erika, and Maria Letmark. "Customer Loyalty in an Internet Banking Context." Thesis, Södertörn University College, School of Business Studies, 2005. http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-354.

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The importance of Internet in banking increases as more people use Internet as their main channel in contacts with their bank. This poses both possibilities and threats to the bank and having loyal customers become more important. To enhance our understanding of customer loyalty in an Internet banking context we have made interviews and constructed a questionnaire, based on a theoretical ground consisting of loyalty and some concepts related to loyalty. The respondent rate was low, but we still mean that we can outline some tendencies on customer loyalty through this material.

During this research we have come to the conclusion that a deep understanding of the concepts constructing loyalty and cross-analyses of these, are inevitable for the understanding of how loyalty develops. We have found differences in attitudes and behaviour among customers depending on what communication channels they use, and the interviewed bank is also convinced that Internet should be used as a complementary channel to branch banking. Most customers are as a whole quite satisfied with their bank and intend to stay with it, but we have also found spurious customers that consider leaving despite feeling satisfied and recommending their bank to friends.

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Books on the topic "Internet banking"

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Häcker, Joachim. Internet-Banking. Wiesbaden: Deutscher Universitätsverlag, 1998. http://dx.doi.org/10.1007/978-3-663-08130-2.

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Lange, Thomas A. Internet Banking. Wiesbaden: Gabler Verlag, 1998. http://dx.doi.org/10.1007/978-3-322-84622-8.

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(Firm), AlexInformation. Internet banking management. Austin, Tex: Alex eSolutions, 2003.

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(Firm), AlexInformation. Internet banking management. Austin, Tex: Alexinformation, 2008.

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Claydon, Noel Clark. Internet banking: Are you welcome?. London: LCP, 2002.

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Furst, Karen. Internet banking: Developments and prospects. Washington, DC: Office of the Comptroller of the Currency, 2000.

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Drennan, Robert G. Internet banking strategies for community banks. Austin, Tex: AlexInformation, 2001.

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J, Cronin Mary, ed. Banking and finance on the Internet. New York: Wiley, 1998.

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J, Cronin Mary, ed. Banking and finance on the Internet. New York: Van Nostrand Reinhold, 1997.

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Cuevas, T. Jackqueline. Internet banking: Strategies, tools, and best practices. Austin, Tex: Sheshunoff Information Services, 1999.

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Book chapters on the topic "Internet banking"

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Lera-Lopez, Fernando, Rocío Marco, and Margarita Billon. "Internet banking." In The Digital Disruption of Financial Services, 1–23. London: Routledge, 2021. http://dx.doi.org/10.4324/9781003199076-1.

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Lange, Thomas A. "Internet Banking — Eine Potentialanalyse." In Internet Banking, 15–34. Wiesbaden: Gabler Verlag, 1998. http://dx.doi.org/10.1007/978-3-322-84622-8_1.

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Erlingheuser, Bernd. "Virtuelle Schalterhalle — Die Bank von morgen." In Internet Banking, 35–58. Wiesbaden: Gabler Verlag, 1998. http://dx.doi.org/10.1007/978-3-322-84622-8_2.

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Kröner, Matthias. "Bankdienstleistungen im Internet — Mehr las ein Vertriebsweg." In Internet Banking, 59–80. Wiesbaden: Gabler Verlag, 1998. http://dx.doi.org/10.1007/978-3-322-84622-8_3.

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Lange, Anja, and Andreas Wäschle. "Strategisches Marketing des Internet Banking." In Internet Banking, 81–100. Wiesbaden: Gabler Verlag, 1998. http://dx.doi.org/10.1007/978-3-322-84622-8_4.

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Ecker, Thomas, and Jürgen Moormann. "Die Bank als Betreiberin einer elektronischen Shopping-Mall." In Internet Banking, 101–30. Wiesbaden: Gabler Verlag, 1998. http://dx.doi.org/10.1007/978-3-322-84622-8_5.

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Weißhuhn, Arndt. "Digitale Zahlungsverfahren im Internet." In Internet Banking, 131–54. Wiesbaden: Gabler Verlag, 1998. http://dx.doi.org/10.1007/978-3-322-84622-8_6.

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Anderer, Boris. "Sichere Integration von Online-Transaktionen im Bankensystemumfeld." In Internet Banking, 155–71. Wiesbaden: Gabler Verlag, 1998. http://dx.doi.org/10.1007/978-3-322-84622-8_7.

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Möker, Ulrich. "Elektronisches Geld aus Sicht einer Zentralbank." In Internet Banking, 173–203. Wiesbaden: Gabler Verlag, 1998. http://dx.doi.org/10.1007/978-3-322-84622-8_8.

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Becker, Lutz. "Secure Commerce & Communication — Die kommerzielle Vision des Internet." In Internet Banking, 205–26. Wiesbaden: Gabler Verlag, 1998. http://dx.doi.org/10.1007/978-3-322-84622-8_9.

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Conference papers on the topic "Internet banking"

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Lubis, Tri Murti, Syarifah Lisa Andriati, and Faradila Yulistari Sitepu. "Liability of Banking Parties in Internet Banking Facilities." In International Conference of Science, Technology, Engineering, Environmental and Ramification Researches. SCITEPRESS - Science and Technology Publications, 2018. http://dx.doi.org/10.5220/0010090016011605.

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Aggelis, V. "Offline Internet banking fraud detection." In First International Conference on Availability, Reliability and Security (ARES'06). IEEE, 2006. http://dx.doi.org/10.1109/ares.2006.89.

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Feriyana, Winda, Lisna Fitri Alviyah, Dyah Sugandini, and Yekti Utami. "Adoption of Innovation Internet Banking." In International Conference on Business, Economy, Entrepreneurship and Management. SCITEPRESS - Science and Technology Publications, 2019. http://dx.doi.org/10.5220/0009962200230028.

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SHAHID, KHADIJA, MAHA IJAZ, and SHAMA RAZI. "Future of Internet Banking and banking strategies in Developing Countries." In Fifth International Conference on Advances in Social Science, Management and Human Behaviour - SMHB 2017. Institute of Research Engineers and Doctors, 2017. http://dx.doi.org/10.15224/978-1-63248-124-5-39.

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Premchand, Anshu, and Anurag Choudhry. "Open Banking & APIs for Transformation in Banking." In 2018 International Conference on Communication, Computing and Internet of Things (IC3IoT). IEEE, 2018. http://dx.doi.org/10.1109/ic3iot.2018.8668107.

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Maruatona, Oarabile Omaru, Peter Vamplew, and Richard Dazeley. "Prudent Fraud Detection in Internet Banking." In 2012 Third Cybercrime and Trustworthy Computing Workshop (CTC). IEEE, 2012. http://dx.doi.org/10.1109/ctc.2012.13.

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Dandash, Osama, Phu Dung Le, and Bala Srinivasan. "Security Analysis for Internet Banking Models." In Eighth ACIS International Conference on Software Engineering, Artificial Intelligence, Networking, and Parallel/Distributed Computing (SNPD 2007). IEEE, 2007. http://dx.doi.org/10.1109/snpd.2007.532.

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Botacin, Marcus, Anatoli Kalysch, and André Grégio. "The Internet Banking [in]Security Spiral." In ARES '19: 14th International Conference on Availability, Reliability and Security. New York, NY, USA: ACM, 2019. http://dx.doi.org/10.1145/3339252.3340103.

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Rattanawicha, Pimmanee, Vatcharaporn Esichaikul, Chatpong Tangmanee, and Eralp Gullep. "Customer trust in internet banking systems." In the 4th Annual Conference of the ACM Special Interest Group. New York, New York, USA: ACM Press, 2003. http://dx.doi.org/10.1145/2331829.2331835.

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Saralaya, Prasad K., R. Anjali, G. Shivaprasad, and N. V. Subba Reddy. "Biometric authentication usage for internet banking." In 2017 2nd IEEE International Conference on Recent Trends in Electronics, Information & Communication Technology (RTEICT). IEEE, 2017. http://dx.doi.org/10.1109/rteict.2017.8256911.

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Reports on the topic "Internet banking"

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Brassil, Anthony. The Consequences of Low Interest Rates for the Australian Banking Sector. Reserve Bank of Australia, December 2022. http://dx.doi.org/10.47688/rdp2022-08.

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There is a vast international literature exploring the consequences of low interest rates for various banking sectors. In this paper, I explore how this international literature relates to the Australian banking sector, which operates differently to other jurisdictions. In the face of low rates, the profitability of Australian banks has likely been less adversely affected than what the international literature would predict, but the flip side to this is that the pass-through of monetary policy to lending rates may have been more muted. I then use a recent advance in macrofinancial modelling to explore whether pass-through in Australia could turn negative – the so called 'reversal rate' – and find that the features of the Australian banking system mean a reversal rate is highly unlikely to exist in Australia.
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2

Bolton, Patrick, Xavier Freixas, and Joel Shapiro. Conflicts of Interest, Information Provision, and Competition in Banking. Cambridge, MA: National Bureau of Economic Research, June 2004. http://dx.doi.org/10.3386/w10571.

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3

Drechsler, Itamar, Alexi Savov, and Philipp Schnabl. Banking on Deposits: Maturity Transformation without Interest Rate Risk. Cambridge, MA: National Bureau of Economic Research, May 2018. http://dx.doi.org/10.3386/w24582.

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4

Betancourt-García, Yanneth Rocío, Hernando Vargas-Herrera, and Norberto Rodríguez-Niño. Interest rate pass-through in Colombia: a micro-banking perspective. Bogotá, Colombia: Banco de la República, October 2006. http://dx.doi.org/10.32468/be.407.

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5

Goodfriend, Marvin, and Bennett McCallum. Banking and Interest Rates in Monetary Policy Analysis: A Quantitative Exploration. Cambridge, MA: National Bureau of Economic Research, June 2007. http://dx.doi.org/10.3386/w13207.

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6

Boel, Paola, and Christopher J. Waller. On the essentiality of credit and banking at zero interest rates. Federal Reserve Bank of Cleveland, May 2023. http://dx.doi.org/10.26509/frbc-wp-202313.

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We investigate the welfare-increasing role of credit and banking at zero interest rates in a microfounded general equilibrium monetary model. Agents differ in their opportunity costs of holding money due to heterogeneous idiosyncratic time-preference shocks. Without banks, the constrained-efficient allocation is never attainable, since impatient agents always face a positive implicit rate in equilibrium. With banks, patient agents pin down the borrowing rate and in turn enable impatient agents to borrow at no cost when the inflation rate approaches the highest discount factor. Banks can therefore improve welfare at zero rates, provided that both types of agents are included in the financial system and that the borrowing limit is sufficiently lax. The result is robust to several extensions.
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7

Mayordomo, Sergio, and Irene Roibás. The pass-through of market interest rates to bank interest rates. Madrid: Banco de España, October 2023. http://dx.doi.org/10.53479/34572.

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The pass-through of market interest rates to the financial conditions of households and firms is an essential element in the monetary policy transmission mechanism. In this paper, we analyse how this transmission is playing out in the current hiking cycle in the euro area and in Spain, as compared to previous cycles. We find that the pass-through to the interest rates on retail time deposits is slower than in previous hiking cycles in both jurisdictions. Moreover, a slower pass-through is also observed for mortgages in Spain. We then show there is significant heterogeneity in this pass-through across euro area countries, especially for mortgages and retail time deposits. This heterogeneity is driven by both bank and country characteristics. More specifically, in the case of deposits, we find that almost half of the difference between the remuneration of retail time deposits in Spain and the euro area is driven by differences across banking sectors in the need to raise funds through deposits to supply credit.
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8

Darby, Michael. The Internationalization of American Banking and Finance: Structure, Risk, adn World Interest Rates. Cambridge, MA: National Bureau of Economic Research, July 1986. http://dx.doi.org/10.3386/w1989.

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9

Saha, Devanik. Shockproof and Inclusive Fiscal Policies. Institute of Development Studies, July 2023. http://dx.doi.org/10.19088/core.2023.005.

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The Covid-19 pandemic has had a significant impact on the economies of most countries. What differed is the intensity of the impact, which ranged from mild economic contractions to devastating recessions and downturns. From a generic perspective, it is obvious to assume that high-income countries (HIC) would have faced lesser economic destruction than low- and middleincome countries (LMIC). However, a closer examination reveals that there are several factors that determined the impact of the pandemic on a country, as well as influenced its ability to respond. For instance, the existing economic structures and weaknesses strongly affected the countries’ ability to provide adequate fiscal stimulus. These weaknesses are following pro-cyclical policies and not creating fiscal buffers that would help build more resilience. An interesting finding that emerged was that the credit rating of a country was found to be the most important determinant of its Covid-19 fiscal response. This is one major area where HICs had a significant advantage compared to LMICs. Another key challenge that disproportionately affected LMICs was the lack of digitisation and access to the internet, which hampered economic growth as well as affected the countries’ ability to quickly disburse cash transfers and support. Research supported by the Covid-19 Responses for Equity (CORE) Programme – which is supported by the International Development Research Centre (IDRC) – has revealed some emerging lessons and recommendations to address these challenges and improve the resilience of countries to future shocks. One of the first and foremost recommendations is for countries to invest strongly in social protection and healthcare systems for its citizens, which would help build their resilience for future shocks. Adopting free trade policies and avoiding protectionism has also been an important lesson from the pandemic. Another key lesson is to employ a gender lens to fiscal and monetary policies as women have been disproportionately affected by the pandemic. Countries should also adopt expansionary monetary and fiscal policies as far as possible to increase the demand. Finally, countries also need to strengthen their financial institutions and mechanisms and reduce political interference, that would help maintain the asset quality of the banking sector.
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Windsor, Callan, Terhi Jokipii, and Matthieu Bussiere. The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data. Reserve Bank of Australia, June 2023. http://dx.doi.org/10.47688/rdp2023-05.

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This paper provides a retrospective assessment of the relationship between bank profitability and interest rates, focusing on the period when rates were very low or negative. To do this we use new confidential bank-level data covering about 1,500 banks operating in 10 banking systems, with most samples spanning the two decades up to the end of 2019. Our analysis confirms the empirical regularity that declining interest rates reduce banks' net interest margins. However, we find a smaller effect than in previous studies: on average across countries, a 100 basis point fall in short-term interest rates results in a 5 basis point decline in net interest margins in the short run. Notably, there are substantial cross-country differences, and, in some cases, the estimated effect is greater. Importantly, the effect of lower interest rates on net interest margins is larger than the effect on assets returns, suggesting that banks can shield overall profitability in the face of lower interest rates. For example, lower interest rates alleviate debt-servicing burdens and are associated with a fall in provisions set aside to cover losses on loans. There is therefore no one-size-fits-all result for the impact of low interest rates on overall profitability: in some jurisdictions banks maintained their level of profitability as the beneficial impact of lower rates on loan-loss provisions and other factors, including an increased focus on cost efficiencies and streamlining business models, materially offset the drag from lower interest margins.
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