E-Banking in the United Kingdom Case Study by Writing Specialists

E-Banking in the United Kingdom
A look at the introduction of e-banking services at the HSBC BANK (U.K.) and its impact on the functioning model of the bank in the United Kingdom.
# 92763 | 2,571 words | 6 sources | MLA | 2006 | US


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Description:

This paper researches and examines the elements and challenges that are critically important for banks introducing e-banking services. The paper discusses the impact that this will have on the functioning model of the bank. The paper focuses on the HSBC BANK (U.K.) in particular.

Outline:
Objective
Product Packaging for Smaller More Lucrative Segments
e-Banking in the E.U. Labeled: "Non-Optional"
Challenges and Risk Factors Faced by Central Banks in the U.K.
Summary and Conclusion

From the Paper:

"E-banking is stated to be that which "could facilitate money-laundering, although electronic systems may also help in its detection." (Ibid) Listed as well is "dangers of false representation and identity theft." (Ibid) Retail payments are being integrated into the payment system with a "global standard with a common layout" being that which is 'desired'. The goal: "achieve delivery-versus-payment at a retail level." (Ibid) There is a stated need for regulation for the purpose of promotion of "open and common standards" the minimization of "switching costs" and to allow for "flexible pricing". (Ibid) It will be critical that central banks both assessing and deal with the potentiality in terms of risk that exists in relation to e-finance and this is "not just because of the differing developments in e-finance across economies but also because of differences in the responsibilities assigned to central banks. "

Sample of Sources Used:

  • European Retail Banking 2003: Channel Integration (2006) Online available at http://www.researchandmarkets.com/reports/28795/28795.htm (Accessed 2006-11-09)
  • Competition Issues in Retail Banking and Payments System Markets in the EU (2006) ECA Financial Services Subgroup. Public Version, Nice, May 18th-19th 2006. Online available at: http://www.bundeskartellamt.de/wDeutsch/download/pdf/ECA/ECA_FINAL_REPORT_PUBLIC_VERSION1.pdf. (Accessed 2006-11-09)
  • European Online Banking Strategies (2006) Business Insights. Online available at: http://www.globalbusinessinsights.com/content/rbfs0035m.pdf
  • Sato, Seetsuya & Hawkins, John (2001) Electronic Finance: An Overview of the Issues. Online available at: http://www.bis.org/bispap07a.pdf.
  • Whitson, Keith (2006) The Implementation of HSBC's Strategy: a Review by the Group Chief Executive - The HBSC Group.

Cite this Case Study:

APA Format

E-Banking in the United Kingdom (2007, February 27) Retrieved December 08, 2022, from https://www.academon.com/case-study/e-banking-in-the-united-kingdom-92763/

MLA Format

"E-Banking in the United Kingdom" 27 February 2007. Web. 08 December. 2022. <https://www.academon.com/case-study/e-banking-in-the-united-kingdom-92763/>

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