The Impact of the Internet on the Banking Sector.

1539 Words7 Pages
London School of Commerce Strategic Information Management The impact of the Internet on the banking sector. Table of contents Executive summary.........................................................................................................Page 4 Introduction.................................................................................................................... Page 4 1) Internet growth and revolution.......................................................,................................Page 6 2) HSBC presentation and review of its performances.......................,................................Page 6 3) Impacts of the Internet on HSBC ....................................................................................Page 6 Conclusions and recommendations.................................................................................Page 7 References and bibliography...........................................................................................Page 7 Online Banking or E-Banking has changed the banking platform in the last decade. It has enhanced efficiency in the sector which has positively impacted on profitability. However there are several challenges confronting banks in the context of online banking. Broadly speaking, matters of security have been a major concern in recent times which seem to dent the image of online banking. Executive summary: This report analyse the impacts of the internet on the banking sector. To conduct this analysis the author determines the meaning of global Internet. Then he presents the evolution of the internet in the last five years. To be able to evaluate the impact of the internet on the banking sector the author will take the example of HSBC bank. He will first
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