Electronic Banking

Greetings to all steemians here, and happy new month to you all. Banking is an interesting field of study that we deal with everyday in life, so today will like to share with you on

ELECTRONICS BANKING

The reason why the monetary authorities, government and everyone is concern when we talk about banking is because, it deal with us directly, it once said by a writer somewhere , if the financial system is not manage or regulated well it will not affect just the banking but the economy at large, the growth of an economy really 70% on the growth and performance of banks and financial system at large,

The introduction of electronic banking came to breach the gap between distance, making banking activities goes well smoothly, though with fast growing challenges, ranging from:
fraud,
network,
unemployment,
.. etc

Fraud in banking is now increasingly growing around the globe, due to banking make easy through mobile apps and electronics transfer, though no problem that solutions can not be found, in my own opinion, the banks and monetary authorities should looks for ways to make their mobile apps security increase, so that hackers can not be able to penetrate, it is believe that before any fraud take place, usually the get help from the inside, on this note, bank manager should be careful with who get employed, level if trust be guarantee before letting him to the electric room.

Network: the problem with the electric app most time is network issue, customer especially in Nigeria where the network is really poor, face with the challenge of transfer and other transactions online, making them lost trust on mobile banking.

Unemployment: we are now in the era of electronic banking were by 5 tasks can be handle by one man. Hmm! With the trend of development, both student and Universities should now and to this aspect such that, student learn how to work with systems not just talk with mouth, such that even without being employe you can still use your still and take care of yourself.

We leave in a jet age, we are in growing age too, everyone should be alart to embrace the new system of banking, time is really money