Posts Tagged ‘electronic banking advantageous’
With the advent of the Internet, we have entered fully into what is called the era of communications.
If you have always said that who has the information has the power, we can say that the Internet has democratized society in so far as is an equitable distribution of the information. That it also spreads the misinformation, legends and hoaxes.
But staying on the positive side, the Internet has been instrumental in developing economies, from publicizing and selling products around the world, even to get pictures and documents instantly, etc. This has led to productivity gains, to save time on efforts that were previously more cumbersome.
Banking, of course, was not aware of this information revolution. On the one hand, has reduced the costs of internal management, to be faster and cheaper to move information, and moreover has saved hours of work of its employees as there are now many customers make transactions online. Therefore, the Internet brings additional benefits to the banking system because it increases productivity and lowers their operating costs. Read the rest of this entry »
Open accounts, have them audited, make transfers and transfers, pay or return bills, pay taxes, request, activate and deactivate cards, make investments, create pension plans, insurance contract, contract in renting property, and so on, as well as set of tools for managing our money and know our true position. All this is possible from a computer or a mobile.
The person who can do all these steps from the Internet, save many hours per year for those who come to the bank to carry them out. These hours translate into direct cost savings in many cases (companies). Besides saving time, the convenience of controlling your finances without also move must be evaluated.
Anyway, at least once have to go to the bank to create an authorized digital signature that allows us to operate at a distance in the future.
Another advantage for users is that electronic banking, unlike offices, is not subject to schedules, it is available 24 hours a day, 365 days a year from anywhere in the world at low cost.
But as a reflection, it is also true that having personal dealings with the usual bank of our office may be appropriate. There are times when we have to negotiate specific issues that require the complicity of the employee.
Therefore, maintaining good relations with the tellers, auditors and directors of the entity and that they know us, know also that our economic data and our level of solvency, is something we must not forget.
Disadvantages that may involve the Internet banking
As for the disadvantages which may involve Internet banking, we can say that you lose the personal attention and financial advisory functions performed in an office.
With the advent of the Internet, we have entered fully into what is called the era of communications.
If you have always said that who has the information has the power, we can say that the Internet has democratized society in so far as is an equitable distribution of the information. That it also spreads the misinformation, legends and hoaxes.
But staying on the positive side, the Internet has been instrumental in developing economies, from publicizing and selling products around the world, even to get pictures and documents instantly, etc. This has led to productivity gains, to save time on efforts that were previously more cumbersome.
Banking, of course, was not aware of this information revolution. On the one hand, has reduced the costs of internal management, to be faster and cheaper to move information, and moreover has saved hours of work of its employees as there are now many customers make transactions online. Therefore, the Internet brings additional benefits to the banking system because it increases productivity and lowers their operating costs.