What is the "electronic" banking

What is the "electronic" banking

Are banks that perform banking operations electronically through the Internet to the same work as regular banks, the main objective is to provide services to clients but without the need for client orientation and mechanism via the Internet, I have found these banks with the aim of facilitating mechanisms for customer services in more efficient ways, work has begun with these banks in the 1980 s after using cardboard and plastic cards in financial transactions, and with the emergence of electronic trading and the evolution of the Internet has increased the need to facilitate the operations of deposit and withdrawal, these banks have emerged.

 The power then and have become an essential part of the process, especially after the Bank increased the size of the financial markets and the increasing number of traders, and fastest methods under the constant increase of deliberative processes they shorten the time and effort and is not confined to the time or place for a possible deal with. This is a new direction for banks Bank prevailing style with new features.

Easy and save time and effort for various financial transactions without the need to go to the Bank or waiting time of work, you can transfer funds to complete your transactions through one of these banks. 

To ease financial transactions, thus increasing the size and speed of delivery thereby increasing liquidity. Electronic financial transactions became more secure, there is no possibility for manipulation or bank checks. Lower cost: electronic financial transactions don’t need currency required by the Bank, in addition to the cost of going to the Bank thus offers its customers greater satisfaction.

 Banking services are many and varied: electronic banking clients enjoyment of other additional services. Cons of electronic banking: 

The difficulty of identifying a particular bank liquidity, there are internal and external transactions and incalculable and know its size and therefore cannot determine the size of the resulting liquidity and this will display the State of risk. 

The probability of fraud and swindling: faking some cards or copy information others especially in this enormous technological development which helps to penetrate some information out about confidentiality.

 An error may occur in the use of this mechanism, any mistake will lead to problems and thus blocking his work. Hardly appropriate legal application, such as the World Bank. This system may be exposed to a virus that may cause penetrating and disrupting the system.

 The risk of non ­compliance with foreign manufacturing operations which may expose banks to poor policy.

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What is the "electronic" banking