Some Issues About Risk Management for E-Banking
FUTURE OF BANKING AFTER THE YEAR 2000 IN THE WORLD AND IN THE CZECH REPUBLIC, S. Poloucek, D. Stavarek, eds., Karvina: Silesian University, 2005
21 Pages Posted: 19 May 2006
The e-banking or on-line banking is a service provided by many banks and credit unions that allow to conduct banking transactions over the Internet using the information and communication technology.
Continuing technological innovation and competition among existing banking organisations and new entrants have allowed for a much wider array of banking products and services to become accessible and delivered to retail and wholesale customers through an electronic distribution channel collectively referred to as e-banking. However, the rapid development of e-banking capabilities carries risks as well as benefits.
To minimize legal and reputation risk associated with e-banking activities conducted both domestically and cross-border, banks should make adequate disclosure of information on their web sites and take appropriate measures to ensure adherence to customer privacy requirements applicable in the jurisdictions to which the bank is providing e-banking services.
Keywords: e-banking. risk, new banking products
JEL Classification: E50, G20, G24, M10, M30, O00, O30
Suggested Citation: Suggested Citation