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  • Level: GCSE
  • Subject: ICT
  • Word count: 1626

Internet banking.

Extracts from this document...

Introduction

INTRODUCTION In the world today, where technology such as the Internet has covered all aspects of business and has reached its peak compared to the earlier years. Nowadays, each and every business ranging from small and large companies and also from home industries to giant multinational corporations has mostly adopt an advance feature of technology that is the internet which provides global interconnection that links a particular business to another. The increase in Internet usage continues to impact business of all sizes, as companies are continually seeking ways to connect with customers and suppliers over the Internet as ways to exchange business information and strengthen existing business relationships. Internet is very beneficial for the running of the business as it provide web sites for a company, which can link them with worldwide, global customers, suppliers as well as business competitors. In addition it provides secure business transactions and new opportunities for commerce. Not only that, it offers opportunities for businesses to expand globally. It also serves as promotional and an advertising tool for the company. The Internet is radically transforming the provision of services and goods because of its immediacy, openness, ubiquity and global reach. ...read more.

Middle

There are a lot of advantages or benefits in having a web site, especially for the Deutsche Bank. Other than using it for e-banking, it also provides various information for the external environment. In addition, the Deutsche Bank profits from establishing, owning and maintaining its own web site. The Deutsche Bank web site can be used as an effective marketing tool to get the company's message across and persuading customers to take immediate action. The Deutsche Bank web site is very user friendly. The customers worldwide can easily and efficiently find what they want to know about the bank. if any customers make it to the Deutsche Bank web page, they will immediately find out what is it about and what they are offering. The Deutsche Bank web site allows expanding hours of operation. We know that all banks closes early, including Deutsche Bank. Now, by owning a web site, it allows the bank to be "open" and operational 24 hours a day, 365 days a year, providing information such as the foreign exchange rate, the current market interest, equities, global credit products, annual reports, etc. the web site is also able to sell products and services right from its web site. ...read more.

Conclusion

The Deutsche Bank has set up a partnership with paybox. They stand for fast, safe and convenient payments by mobile phone. This is a complement to all other payment systems now in use. With paybox, the way is also opened for the bank's e-transaction services to benefit from m-commerce (mobile commerce) In addition to providing its infrastructure, Deutsche Bank is bringing its e-payment know-how, its distribution net, its brand environment and its role as a trusted intermediary into this strategic partnership. CONCLUSION With assets of almost 1 trillion Euro and over 97,000 employees, Deutsche Bank offers its clients unparalleled financial services throughout the world in over 70 countries. It ranks among the leaders in asset management, capital markets, corporate finance, custody, cash management and private banking. All these are gains of the Deutsche Bank. we cannot run from the fact that advancement in technology such as the internet has benefited the Deutsche Bank in many aspects and hence I would like to point out that internet plays a very important role in the success of the Deutsche Bank as it provides the Deutsche Bank a web site which is very useful and also increases efficiency in the bank itself. ...read more.

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