The document discusses e-banking, which allows customers to perform banking activities remotely via the internet. It outlines the objectives of studying the current status of financial innovations and challenges in e-banking. Some key e-banking services mentioned include ATMs, internet banking, mobile banking, and phone banking. Challenges include security risks, customer acceptance and awareness, privacy risks, and costly technology, while opportunities include untapped rural markets, multiple channels, and increasing internet and computer literacy.

1. Review on Issues and
Challenges in E-banking
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2. INTRODUCTION
• allowing individual customers to perform banking activities at off-bank sites
such as home, office and other locations via internet
• enable customers to perform all routine transactions, such as account
transfers, balance inquiries, bill payments and stop-payment requests, and
some even offer online loan and credit card applications.
• It permits the banks website with the help of bank’s issued identification
and personal identification number (PIN).
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3. OBJECTIVES
• To study the current status of financial innovations in banking sector.
• challenges faced in E-banking.
• opportunities in E-banking
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4. E-BANKING SERVICES:
• Automated Teller Machines (ATMs)
• Internet Banking
• Mobile Banking
• Phone Banking
• Tele banking
• Electronic Clearing Services
• Electronic Clearing Cards
• Smart Cards
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5. Challenges In E-Banking
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6. • Security Risk
• Acceptance of customer
• Customer Awareness
• Privacy risk
• Costly technology
• Legal issues:
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7. Opportunities In E-Banking
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8. • Untapped Rural Markets:
• Multiple Channels:
• Competitive Advantage
• Increasing Internet Users & Computer Literacy
• Retail Lending
• Internet Banking
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9. CONCLUSION
• They are many challenges and hurdles in the smooth implementation of E-
banking system in India but at the same time E-banking is having a bright
future.
• The use of ATMs, Debit and Credit has become a good source of usage of
information technology and has paved a way for Digitalization.
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