the onset of online/digital banking nowadays, what are the risks that people are faced with when they do digital banking? What are remedies to these risks

Q: What is shadow banking? What are the backstops in shadow banking and traditional banking? Please…

A: Shadow banking is unregulated where the lenders, creditors, brokers, and other financial…

Q: How can banks safeguard their information security?

A: Protecting information and information systems from illegal access, usage, disclosure, interruption,…

Q: Role of Central Banks and Moral Hazards The potential answers for moral hazard. How might moral…

A: The central bank is the institution which ensures that the growth and good health of the financial…

Q: What are the differences, and the benefits and the risks, of payment systems that are de­signed for…

A: Benefits of the payment systems that are designed for cyberspace:   It helps in making the payment…

Q: benefits and risks

A: There are many benefits in using digital payment to the customers, some major benefits are mentioned…

Q: Banks? Banking Online? Is Banking Safe?

A: We can define financial institution as those institutions which help in the transfer of funds from…

Q: Do you think that removing the impediments to a nationwide banking system will be beneficial to the…

A: Nationwide banking system refers to the process of providing financial services to the customers of…

Q: Identify the various types of risks relevant to banking services and discuss the different…

A: Banking services are the financial services that are offered by financial institutions such as banks…

Q: Why it can be risky to provide credit card information over email/internet? Do you think, using a…

A: Answer: There is advancement of technology in todays world and there is scam and phishing. It can be…

Q: What is E-commerce?  Differentiate between E-commerce and E-business.  Define Cipher.  Define the…

A: a) E-Commerce E-Commerce  or Electronic commerce refers to that business model that allows the firm…

Q: Why online banking is a must in this time of pandemic? What are the convenience, benefits, and…

A: Online banking is said to be more convenient from of making monetary transactions through a computer…

Q: What are the disadvantage of embracing digital currencies in investment or financial transaction?

A: Digital money is money that only exists in digital form. This is neither a tangible item like…

Q: Why traditional banking is a problem in this time of pandemic? Why people are turning to online…

A: Banking is a set of financial services related to cash management by a financial institution. These…

Q: Elaborate the risk management strategies to mitigate such potential banking risks.

A: Banking risks pose a major threat to any country's economy. Banking system is the most credible…

Q: What bank regulation is designed to reduce adverse selection problems for deposit insurance? Will it…

A: Banks are the financial institutions that are involved in providing financial services to their…

Q: Which one of the followings is not an active area of fintech innovation? Cybersecurity Robo-advisors…

A: Advances in digital technology, rising customer needs for personalized and convenient financial…

Q: What does it mean when a person is unbanked? And how does fintech actually integrate themselves into…

A: Fintech is a mix of innovation and technology that seeks to compete with standard finance techniques…

Q: Why do we (businesses) need payment card industry data security standards? Why do we, accountants,…

A: Accounting information system: Accounting information system can be defined as the computer system…

Q: By giving clients with a variety of perks and advantages, as well as taking measures to keep them as…

A: Customer satisfaction: Customer satisfaction is the largest competitive advantage for banks. It…

Q: Support your answer using at least two concrete examples.

A: Today we live in a smart world. The banking sector is also becoming smart. Earlier people use to go…

Q: how banks can improve their services like deposits ?

A: Deposit is a primary service that is offered by banks to their customers. Deposits provide interest…

Q: Why it can be dangerous to provide credit card information over the internet? Does it stop the risk…

A: Credit card : In simple words, credit card refers to a modern currency medium under which the…

Q: Online Banking is a product that becomes increasingly important with the increase in online…

A: Online banking also known as internet banking is used by corporates and also by  individuals to…

Q: What is your opinion about cryptocurrency? Should you invest?

A: Essentially cryptocurrency is a virtual or a digital currency that is based on the block-chain…

Q: how can better financial oversight help to prevent fraud?

A: Financial oversight refers to the processes and systems used to monitor and manage financial…

Q: What are the attractions for client to use offshore banking services?

A: Offshore relates to a location that is not in one's native nation. In the banking and financial…

Q: What is the difference between technology risk and operational risk? How does internationalizing the…

A: Every investment carries a certain level of risk, defined in finance as the extent of uncertainty…

Credit card

A credit card is provided by financial institutions or banks, which permits a person to borrow money on a preapproved limit for purchases on a credit basis. The credit limit is decided by the institution and bank which issues a credit card depending on the person’s credit score and income. A cardholder can use the card for credit purchases, a balance transfer, cash advances.