The banking sector is known to be one of the most dynamic industries in the world. Especially, in a country like Australia where a majority of the people are engaged in this field, banking is flourishing day by day; So are the products and services that have a direct impact on it. As new products are introduced, the business becomes even more competitive. This is also known as the banking revolution. The biggest boon that this revolution has given us is the concept of E-banking information technology.
In this blog, we will give you an E-banking introduction so that it becomes easier for you to understand this concept and you can easily apply it in the accounting assignments that you will come across. We have a steadfast team of over 2,500 prolific experts working with us. Amidst this team, we host an exclusive team of accounting assignment help experts who hold a strong reputation for delivering flawless academic results in Australia and all over the world.
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When all the products and services offered by the banks are made available to the clients directly with the help of electronics and communication, it is known as Electronic or E-banking.
In accordance with the needs of the clients globally, banks have shifted their working from offline to online. With the spread of CoronaVirus, this shift has even reached new levels. Nowadays, it is very common to see different banks introducing the concept of E-banking so that it becomes easier for them to empower paperless banking. This is also an important step from the environmental point of view.
With the introduction of Electronic banking, new gateways have been opened for each of the clients to transcend all the boundaries and work beyond their limits. With this, no one has to move out of their homes to get a transaction done. Simply, one can utilise the different sites issued by their banks and get their work done sitting right in front of their laptops, or smartphones.
The role of information technology in E-banking is indispensable. Both of them go hand in hand. To know them better, all you need to do is hover over the following features of E-banking that our accounting assignment help experts have enlisted for you.
With the help of this framework, it becomes easier to know more about the customers associated with the bank. This gives us information about all the transactions performed by them, the account balances of the customers, account statements, and more. However, it cannot be edited and remains in the ‘read only’ format. The information is extracted from the framework of the bank in the bunch mode.
This is one of those frameworks that allows bi-directional abilities. This is the reason high-level security is required for controlling this framework. Some of the activities that are monitored using this framework include inter-bank payment gateways, networking, legal infrastructure, computerisation, as well as security.
These two frameworks must have helped you in understanding the Concept of e-banking information technology better. Now, it will be possible for you to understand the assignment samples that have been curated by our accounting assignment help experts.
A lot of students get stuck when it comes to writing assignments on E-banking. Owing to the technicalities involved in this concept, our accounting assignment writers have managed to clear all the doubts of students by providing them with a variety of reliable assignment samples to refer to.
Let us discuss one of those samples here so that you can get started with your assignment, and come out with flying colours.
As you can see from the above image, this is how our accounting assignment help experts begin with the assignment. Here, one of the biggest and the most important applications of E-banking has been highlighted (ATMs). This will be elaborated further in the work.
Coming to the next section,
All the applications have been enlisted for a better understanding in this section. All of these banking operations are supervised by the Board of Directors. Further, our accounting assignment help experts explain some of these activities in detail to maintain the coherence in the assignment as shown below in the image.
These are a few excerpts from the solution that we have recently completed for the reference purpose of one of our clients. If you want us to help you with the complete solution, then you just need to let us know the requirements of your work. We will analyse them well and come up with an instant assignment solution for you.
Our accounting assignment help experts are available 24*7 via the live sessions to give you clarity on the Concept of e-banking information technology. So, what are you waiting for? Get personalised academic assistance from us on all your accounting assignments today!
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Julia Miles has been working with international students who are studying in Australia since last 8 years after her postgraduation. Being an international student herself, she decided to offer academic support and assistance to other students coming to Australian universities. Her hold of the concepts and theories in the domain of Information Technology give her a broad base to approach the same topics.With My Assignment Services, she utilises her knowledge by providing personalised mentoring and assignment writing help. She also holds successful completion of CCNA, a certification course offered by Cisco in information technology.
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