...Cloud Computing – Potential New Era in Enterprise IT ‘Cloud Computing’ - the ICT buzzword these days is not as hazy as many IT professionals in the MEA region perceive it to be. In reality, it is merely a culmination of smarter ways of computing and data analysis. IT managers and enthusiasts have been talking about dynamic IT for over 10 years now and finally technology has progressed enough to induce a dynamic IT environment by deploying a smart mix of hardware, software and services. The involvement of software in traditional data centers aims to address the biggest business demands of IT – speed, cost, scale and richest variety of business solutions. Cloud computing is basically a software alternative that provides infrastructure, network, storage and management services to businesses by leveraging connectivity. The basic server infrastructure in data centers can be compared to a virtual server environment existing over the internet. The applications provided by processors and servers can all be networked through the internet making it a software environment. Some of the key attributes that characterize a cloud service include: shared/standard service, self-service, elastic scaling, use-based pricing and leveraging internet standards. The idea of a ‘cloud’ goes beyond convenience and has multiple silver linings. By reducing the traditional costs and labor associated with deploying, maintaining and upgrading business technology, IT departments have the potential to...
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...Credit and security issues of online shopping Abstract In recent year, with the development of technology, online shopping has become more and more popular among people. Despite it has brough much convenience in daily life, there are also some issue generated with its development. This essay will propose the current issues of online shopping and explore some ways to solve the issues. Executive summary The increasing use of Internet has attracted attention from a number of people, especially in the field of online shopping. However, there are problems and questions raised by scholars as well as consumers on the effectiveness of Internet market and its disadvantages. As a consequence, online shopping has taken off as a platform where the transaction and purchase are proceeded by an increasing number of consumers. The purpose of the report is to discuss ethical issues of online shopping, which will mainly focus on exploring potential risks of online shopping. Introduction In the background of traditional shopping modes, consumers are normally passive recipients of information, and they are not available and accessible to dynamic information in the market. However, with the development of technology and science, it is necessary to combine the new technology with emerging market opportunities. The report will focus on adverse effects generated with the advent of internet shopping, such as privacy and security risks. At last there will be analysis about current issues, including...
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...The Information Security Challenges and Threats of Private Banks: Evidence From Bangladesh. Submitted To: Abul Khayer Lecturer Department of International Business University of Dhaka Submitted By: Raju Ahmed (Id no. 5) Lima Nath (Id no. 19) Tanzin Ara (Id no. 26) Zuairiyah Mouli (Id no. 43) Syed Arman Ali (Id no. 57) Department of International Business (3rd Batch) University of Dhaka Letter of Transmittal 3rd november, 2013 Abul khayer Lecturer Department of International Business University of Dhaka Sir, This is to inform you that the report on “The information security challenges and threats of private Banks: evidence from Bangladesh” that you assigned us to prepare has been submitted already. We have tried our best to disscuss the findings. Hope our report will fulfill the purpose and encourage us to do further. We express our gratitude to you for your guidance and we hope that this report will fulfill your requirements. Any short of suggestion regarding this report will be greatly acknowledged and we will feel proud if our paper serves its purpose. Sincerely Yours, Raju Ahmed (Id no. 5) Lima Nath (Id no. 19) Tanzin Ara (Id no. 26) Zuairiyah Mouli (Id no. 43) Syed Arman Ali (Id no. 57) Department of International Business (3rd Batch) University of Dhaka Table of Contents Abstract 4 Executive summary 5 1. Introduction 6 2. Literature Review 7 3. Research Objectives 9 4. Methodology...
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...and smart cards has been slow and has focused primarily on credit cards at the point of sale because bank emphasis is on expanding loan revenue and a historical reliance on checks which provide users with short-term credit. As technology continues to evolve the use of paper currency is becoming more obsolete. Although the modernization of digital money is changing into forms that don’t directly connect our electronic payments to our private information, such as smart cards, the transition into “cybercash” is still in the premature stages of development. This paper will highlight the advantages as well as the disadvantages of conducting business in a virtual world with peace of mind. The emerging role of smart cards lies the potential to provide a greater trust between a buyer and seller who only meet in the virtual reality. Body The shift from traditional paper-based payments into electronic payments and traditional credit cards into “cyber cash” across the world will ultimately make electronic...
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...after the previous year’s fall. Technological innovations are bound to play a crucial role in accelerating the recovery process through the streamlining of front-end to back-end processes, enabling trade finance institutions to offer customized, low cost, value-added solutions that meet the requirements of geographically diverse customer segments. This paper discusses a key technological advancement, cloud computing, which is already making inroads at leading trade finance software players. This development enables a bank to build a strong trade finance architecture for maximizing profitability, a goal which starts with making such services more affordable and accessible to customers. Within trade finance and other corporate transaction banking services, financial institutions are moving ahead to reap the benefits from lower-cost private cloud services. These cloud services offer dedicated solutions with rigorous security controls, freeing both banks and customers from expensive IT investments.2 Trade Finance Industry Players Trade finance is already an extremely mature industry, with numerous incumbent players. All of these players are impacted directly or indirectly with the kind of technology prevalent in the trade market. The players and the impact of technology on them can be classified as the following: • Importers (Buy...
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...INFORMATION SYSTEMS Author: RUEL GRAFIA Thesis Statement: Information system has been used pervasively on advanced economies by people and organization that rely most of this activities on mobile and digital technology. I. Introduction A. Definition of Information Systems B. Business Information Systems II. Body A. Components of Computer-based Information Systems B. Individuals’ and Organizations’ activities in the Information System III. Conclusion Organizations and individuals rely on information systems, generally internetbased for conducting much of their personal lives for socializing, study, shopping, electronics banking, and entertainment. By bringing together all of the components of information systems hardware, software, infrastructure, and people a business will have a better chance of adapting with new technology and keeping up with consumer trends to remain profitable and competitive. Thesis Statement: Information system has been used pervasively on advanced economies by people and organization that rely most of this activities on mobile and digital technology. Introduction Information systems play an important role in supporting the organization to conduct its business processes. An information system collects, stores, and disseminates information from an organization’s environment and internal operations to support organizational functions and decision making, communication, coordination, control, analysis, and visualization (Laudon & Laudon, 2012, p. 15)...
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...In Indian Banking Industry Mrs. Punitha Sahaya Mary Francis Assistant Professor, MBA Dept., St. Xavier’s Catholic College of Engineering, Chunkaankadai, Nagercoil. punithaf2007@rediffmail.com, Mobile: 9942432809 INTRODUCTION The 21st century will bring about an all-embracing convergence of computing, communications, information and knowledge. This will radically change the way we live, work, and think. The growth of high speed networks, coupled with the falling cost of computing power, is making possible applications undreamed of in the past. Voice, data, images, and video may now be transferred around the world in micro-seconds. This explosion of technology is changing the banking industry from paper and branch banks to' digitized and networked banking services. It has already changed the internal accounting and management systems of banks. It is now fundamentally changing the delivery systems banks use to interact with their customers. All over the world, banks are still struggling to find a technological solution to meet the challenges of a rapidly-changing environment. It is clear that this new technology is changing the banking industry forever. Banks with the ability to invest and integrate information technology will become dominate in the highly competitive global market. Bankers are convinced that investing in IT is critical. Its potential and consequences on the banking industry future is enormous. It is expected that the Indian banking and finance...
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...Unit 12- Internet marketing P4 - Arlindo Gusson Group 3 Opportunities offered to the businesses by internet marketing In this assignment, I am expected to fully describe the opportunities offered by internet marketing to Tesco. I will be covering the following points: * Greater access to customers and markets * Greater availability to customers of services and product * The marketing mix In this assignment, I am expected to fully describe the opportunities offered by internet marketing to Tesco. I will be covering the following points: * Greater access to customers and markets * Greater availability to customers of services and product * The marketing mix Tesco.com is an electronic commerce website operated by Tesco and it is known as being the world’s largest online grocery retailer. Tesco has operated on the internet since 1994 but they only started online shopping in 1997 and the website (tesco.com) was formally launched in 2000. Website Tesco.com is the world's most active online supermarket .Tesco online widely operates with over 270 stores around the UK, covering 96% of the online retail market. Estimated more than one million households nationwide using the online service, the company has a strong platform to further develop this revenue stream. Tesco has become the undisputed king of online grocery retailing with revenues of more than...
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...5.5 Finding: 5.1.1 Creating impact at large- It has been seen that there has been impact of e-commerce both on retailer and consumer. Consumer now prefers shopping via e-commerce, earlier they used to shop at traditional shops now they prefer e-commerce. 5.1.2 E-commerce has made human life easy- Human life has become easy as large variety is available on e-commerce and it provides 24*7 services, Cash on delivery, internet banking and many more attractions that makes human to prefer e-commerce for comfort and ease. 5.1.3 Youth has been impacted the most- Today’s generation is after ease and comfort, teenagers and youth of our country depend on e-commerce when it comes to shopping they prefer it in form of e-commerce. 5.1.4 E-commerce has reached...
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...CRM JOE PEPPARD, Cranfield University School of Management, UK Today, many financial services organisations are rushing to become more customer focused. A key component of many initiatives is the implementation of Customer Relationship Management (CRM) software. Our research has highlighted that most institutions take a rather narrow view of CRM and as such, benefits have been limited. While second generation CRM has emerged to embrace the total organisation (hence Enterprise CRM), success in general has still not been widespread. In the paper, a framework is presented which is based on incorporating ebusiness activities, channel management, relationship management and backoffice/front-office integration within a customer centric strategy. © 2000 Elsevier Science Ltd. All rights reserved Once upon a time retailers, banks, insurance companies and car dealers had a close relationship with their customers. They often knew them individually, understood what they wanted, and satisfied their needs through personal customised service. As a result, they earned loyalty and a large share of their customers’ business. This, however, was a costly and inefficient system and customers effectively subsidised this relationship by paying higher prices. Over the years, through mass marketing and increased consumerism customers traded relationships for anonymity, reduced variety and lower prices. Today, through the effective use of information and communications technology, such a tradeoff is now not...
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...Project of E-Banking DEFINITION OF E-BANKING Electronic banking, also known as electronic funds transfer (EFT), is simply the use of electronic means to transfer funds directly from one account to another, rather than by cheque or cash. You can use electronic funds transfer to: •Have your paycheck deposited directly into your bank or credit union checking account. •Withdraw money from your checking account from an ATM machine with a personal identification number (PIN), at your convenience, day or night. •Instruct your bank or credit union to automatically pay certain monthly bills from your account, such as your auto loan or your mortgage payment. •Have the bank or credit union transfer funds each month from your checking account to your mutual fund account. •Have your government social security benefits check or your tax refund deposited directly into your checking account. •Buy groceries, gasoline and other purchases at the point-of-sale, using a check card rather than cash, credit or a personal check. •Use a smart card with a prepaid amount of money embedded in it for use instead of cash at a pay phone, expressway road toll, or on college campuses at the library's photocopy machine or bookstores. •Use your computer and personal finance software to coordinate your total personal financial management process, integrating data and activities related to your income, spending, saving, investing, recordkeeping, bill-paying and taxes, along with basic...
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...PROJECT OF E-BANKING DEFINITION OF E-BANKING Electronic banking, also known as electronic funds transfer (EFT), is simply the use of electronic means to transfer funds directly from one account to another, rather than by cheque or cash. You can use electronic funds transfer to: •Have your paycheck deposited directly into your bank or credit union checking account. •Withdraw money from your checking account from an ATM machine with a personal identification number (PIN), at your convenience, day or night. •Instruct your bank or credit union to automatically pay certain monthly bills from your account, such as your auto loan or your mortgage payment. •Have the bank or credit union transfer funds each month from your checking account to your mutual fund account. •Have your government social security benefits check or your tax refund deposited directly into your checking account. •Buy groceries, gasoline and other purchases at the point-of-sale, using a check card rather than cash, credit or a personal check. •Use a smart card with a prepaid amount of money embedded in it for use instead of cash at a pay phone, expressway road toll, or on college campuses at the library's photocopy machine or bookstores. •Use your computer and personal finance software to coordinate your total personal financial management process, integrating data and activities related to your income, spending, saving, investing, recordkeeping, bill-paying and taxes, along with basic...
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...DEFINITION OF E-BANKING Electronic banking, also known as electronic funds transfer (EFT), is simply the use of electronic means to transfer funds directly from one account to another, rather than by cheque or cash. You can use electronic funds transfer to: 0. Have your paycheck deposited directly into your bank or credit union checking account. 1. Withdraw money from your checking account from an ATM machine with a personal identification number (PIN), at your convenience, day or night. 2. Instruct your bank or credit union to automatically pay certain monthly bills from your account, such as your auto loan or your mortgage payment. 3. Have the bank or credit union transfer funds each month from your checking account to your mutual fund account. 4. Have your government social security benefits check or your tax refund deposited directly into your checking account. 5. Buy groceries, gasoline and other purchases at the point-of-sale, using a check card rather than cash, credit or a personal check. 6. Use a smart card with a prepaid amount of money embedded in it for use instead of cash at a pay phone, expressway road toll, or on college campuses at the library's photocopy machine or bookstores. 7. Use your computer and personal finance software to coordinate your total personal financial management process, integrating data and activities related to your income, spending, saving, investing, recordkeeping, bill-paying and taxes, along with basic...
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...Mobile payments in Asia Pacific i n f o r m at i o n , c o m m u n i c at i o n s & e nt e rta i n m e nt Mobile payments in Asia Pacific Contents 2 Introduction from Sean Choi and David Collins 3 Introduction from John Ure and Peter Lovelock 4 Introduction 6 Business models and the m-payments value chain – Business models behind different transaction types – Emerging business models by country – Industry perspectives on m-payments 22 Case studies – Smart in the Philippines – Yeepay’s B2B approach – The growing reach of Octopus – Gaming and virtual money – A view from the bottom of the pyramid – mHITs in Australia 29 Regulations and standards 40 Risks and challenges 44 About KPMG © 2007 KPMG, a Hong Kong partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. 2 Mobile payments in Asia Pacific Introduction from Sean Choi and David Collins Seung Hwan (Sean) Choi This KPMG thought leadership report explores the development of the market for mobile payment systems in Asia Pacific. We believe the significance of this market cannot be overstated, as new technologies have the potential to play a key role in the expansion of commerce to an ever-wider segment of the world’s population. This is especially true in Asia Pacific. The expansion of commerce and the growing reach of...
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...1990s-era supercomputers. ANS: T PTS: 1 REF: 13 7. Teraflops is a measure of computer storage capacity. ANS: F PTS: 1 REF: 13 8. Application software such as Windows Vista and Windows Seven control basic computer operations such as start-up and printing. ANS: F PTS: 1 REF: 14 9. Software is needed for computers of all sizes from cell phones and small hand held devices to the largest supercomputers. ANS: T PTS: 1 REF: 14 10. Private cloud computing applications are available to everyone. ANS: F PTS: 1 REF: 15 11. Information about the documents on the Web and access to these documents are controlled and provided by tens of thousands of special computers called Web servers. ANS: T PTS: 1 REF: 16 12. A virtual reality system is an example of one of the most common types of information systems. ANS: F PTS: 1 REF: 18 13. Transaction processing systems were developed in the 1950s. ANS: T PTS: 1 REF: 18 14. C2C stands for computer-to-computer e-commerce. ANS: F PTS: 1 REF: 20 15. DSS...
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