Uploaded by User18422

VIRTUAL BANKING IMPACT TOWARDS CONVENTIONAL BANK

VIRTUAL BANKING IMPACT TOWARDS CONVENTIONAL BANK, CUTOMER, AND EMPLOYMENT
1. CONVENTIONAL BANK
 IMPOSE CONVENTIONAL BANKS TO INOVATE MORE SIMILAR PRODUCT THAT CAN COMPETE
 VIRTUAL BANKS ATTRACT MORE PEOPLE ESPECIALLY YOUNG GENERATION TO SWITCH
FROM CONVENTIONAL TO VIRTUAL BANKING
 THE POPULARITY OF VIRTUAL BANKS CAUSING CASH TRANSACTIONS REDUCED
2. CUSTOMER
 EASE OF TRANSACTION : FLEXIBILITY AND FAST
 DATA LEAKAGE DUE TO HUMAN ERRORS
 RISK OF HACKING BY HAKCERS
 LOW LEVELS OF CUSTOMERS' SERVICE SATISFACTION
3. EMPLOYMET
 LESS HUMAN LABOUR IS NEEDED
 DEMAND FOR SKILLED LABOR OF ADVANCED TECHNOLOGY IS REALLY HIGH