Alternative Banking Channels
Everything You Need To Know About Alternative Banking Channels
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Alternative Banking Channels Creating Differentiation
It is also known as e banking electronic banking online banking virtual banking direct banking and high tech banking.
Alternative banking channels. An empirical study of public and private sector banks find read and cite all. Alternative banking is alternative options for process banking transactions other than traditional means. Alternative banking channels abc refers to other banks platforms that enable bank customers to transact their businesses without necessarily visiting bank halls or carrying cash. Creating differentiation recent economic turmoil and increasing market complexity has placed unprecedented pressure on financial institutions.
Pdf on jan 1 2011 vm. Hence abc includes electronic payment platforms such as automated teller machine atm point of sale pos mobile banking web internet banking amongst others abu 2016. Alternative delivery channels vs branch based banking services in the table below we match each channel with critical variables income segment and average transaction value. Alternative delivery channels are prone to issues including customers reluctance to use electronic interactions for wealth management decisions cyber attacks on portals server maintenance in order to support high traffic and unauthorized access and fraudulent transactions.
Alternative channels alternative banking as the name suggest is the newer method of carrying on banking operations 2. In the traditional banking system customers need to. Alternative banking channels are faced with risks including performance risk financial risk and operational risk among others. Lets now analyze some important data from the table to help us decide what is are the more suitable adcs.
With these platforms one can pay for. Atm automatic teller machine 2. Kumbhar and others published alternative banking channels and customers satisfaction.
