https://padlet.com/thomas_hannan/rg3zeyafyws7 Hello and welcome to our wall. What you will find here is a description of the importance and role of online banking in Canada and the worlds banks. en-us 2017-04-03 20:08:47 UTC 2024-07-23 20:39:43 UTC hello@padlet.com thomas_hannan https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164472963 This video talks about the origin of banks and also hoe different types of banks work It also talks about what can go wrong with banks. While not completely relevant to the topic it is good to have an understanding of how banking works before talking about how Online Banking affects the development of financial institutions. ]]> 2017-04-03 20:23:16 UTC https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164472963 thomas_hannan https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164473743 This is a simple image to show how customers feel about their banks online banking options. It can be shown from this photo that the big banks in Canada try to have online banking that satisfies their customers as more and more people do most if not all of their banking online. ]]> 2017-04-03 20:27:57 UTC https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164473743 thomas_hannan https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164474466 As the world advances in technology and traditional pen and paper work becomes paperless and online, there are many industries that have to adapt. Banks are one of these industries. Online banking has become a great importance in the development of banks and other financial institutions and it is important for customer satisfaction. Online banking provides many quality of life options compared to traditional banking as well which saves time and stress. ]]> 2017-04-03 20:31:47 UTC https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164474466 thomas_hannan https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164476909 This video describes how online banking can make banking much easier for the user. By automating many processes that used to take time going through bills and other documents, online banking has simplified and improved the banking experience. ]]> 2017-04-03 20:44:35 UTC https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164476909 thomas_hannan https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164477843 This pictures shows one of the features in RBC's online banking website, the finance tracker. This application tracks your spending and shows what areas you spend most in, giving the customer an idea of where they could cut spending to stay in budget. ]]> 2017-04-03 20:50:09 UTC https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164477843 thomas_hannan https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164482693 Not only does online banking make the customers life easier but it also is estimated to save 17 million trees and prevent 4 billion tons of Greenhouse gases a year. As stated in the article, by talking about the benefits of online banking to the environment, some people who were skeptical of online banking due to fraud could be swayed over to online banking. ]]> 2017-04-03 21:27:29 UTC https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164482693 thomas_hannan https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164487437 Online Banking has given customers 24h access to their accounts and transactions. It has also increased risk of theft and identity theft but banks use the strongest type of RSA encryption to keep their clients protected. ]]> 2017-04-03 22:00:37 UTC https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164487437 justin_belzner https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164507891 The pros include mobile capability and easy set up and use.
The cons include transaction issues, security, impulse purchases.
This website briefly describes all of these point. This video is relevant because it displays all the benefits that make developing online banking worth while for financial institutions.]]> 2017-04-04 02:03:31 UTC https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164507891 justin_belzner https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164514964
Many companies are feeling obligated to change the way they operate in order to satisfy the customers. this could mean improving their online functionality and websites.Costumer experience is a big part of banking even if it is online. Many banks have large marketing teams that are constantly thriving to improve the appeal of online resources.
It is very important to consider this when we are discussing the development of a financial institution.

https://www.google.ca/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwiTyYjb7YnTAhUqiVQKHTedBz4QjRwIBw&url=http%3A%2F%2Fwww.mckinsey.com%2Findustries%2Ffinancial-services%2Four-insights%2Fadapting-to-digital-consumer-decision-journeys-in-banking&psig=AFQjCNHrtlCYAmSrYvrczXqhSJK-BeGzKg&ust=1491362704442443]]> 2017-04-04 03:28:31 UTC https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164514964 justin_belzner https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164515684 This person is explaining that the banks are changing and the one he knows is completely different than the one his children know or will know. with the technology in society growing exponentially we can see a growth in all consumer products. this is driven by the stable economy and the thurst of the financial institutions.
One day physical banks may not exist and that holds great significance for our topic.]]> 2017-04-04 03:41:01 UTC https://padlet.com/thomas_hannan/rg3zeyafyws7/wish/164515684