Question Description
Question
Online banking, also known as internet banking, e-banking or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking which was the traditional way customers accessed banking services.
I. Discus the key elements needed for information systems infrastructure and the components for online banking development and operations (Hardware, Software, Data, People and Procedures).
II. Explain the best network for the online banking needed for the local and international operations.
III. Choose and discuss the best information systems serve for different management groups in the online banking process. (MIS,DSS,ESS, EIS)
IV. Analyse the common security risks which can cause a loss of a damage to hardware, software, data, information and processing capabilities in making of the online banking. Recommend THREE risk and best solutions.
V. Conclude with the benefits and drawbacks of having online banking system in banking industry.
Title：BANK OF CHINA （around 2500 words）
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