Evolution of Online Banking
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Online Banking has a history which now gives you the ease of banking anywhere, anytime, with your mobile device. We here introduce the breakthroughs in internet banking evolution which started in 80's.
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Power Grid Model
The global energy transition is placing new and unprecedented demands on Distribution System Operators (DSOs). Alongside upgrades to grid capacity, processes such as digitization, capacity optimization, and congestion management are becoming vital for delivering reliable services.
Power Grid Model is an open source project from Linux Foundation Energy and provides a calculation engine that is increasingly essential for DSOs. It offers a standards-based foundation enabling real-time power systems analysis, simulations of electrical power grids, and sophisticated what-if analysis. In addition, it enables in-depth studies and analysis of the electrical power grid’s behavior and performance. This comprehensive model incorporates essential factors such as power generation capacity, electrical losses, voltage levels, power flows, and system stability.
Power Grid Model is currently being applied in a wide variety of use cases, including grid planning, expansion, reliability, and congestion studies. It can also help in analyzing the impact of renewable energy integration, assessing the effects of disturbances or faults, and developing strategies for grid control and optimization.
What to expect
For the upcoming meetup we are organizing, we have an exciting lineup of activities planned:
-Insightful presentations covering two practical applications of the Power Grid Model.
-An update on the latest advancements in Power Grid -Model technology during the first and second quarters of 2024.
-An interactive brainstorming session to discuss and propose new feature requests.
-An opportunity to connect with fellow Power Grid Model enthusiasts and users.
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ここ3000字までしか入らないけどタイトルの方がたくさん文字入ると思います。
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Evolution of Online Banking
- 1. Evolution of Internet Banking
- 2. Online banking was introduced in the early 80s as an alternative service delivery mechanism. However, it is now a common service that we all use in order to save our time spent on visiting the branch and waiting in the queue. Today e-banking is a common feature that we can come across in any bank account opening application.
- 3. Tracing the development of e- banking…
- 4. 1980s The seeds of online banking had been sown reportedly by the Bank of Scotland in the United Kingdom by introducing a system called Homelink. It was a unique banking facility designed exclusively for their NBS (Nottingham Building Society) clients that enabled the latter to pay bills and transfer money through a telephone and T.V. set.
- 5. 1990s and after The real e-banking that we see now took shape in the latter part of 90s. Banks started launching websites displaying their services and address and later, for online banking. This allowed the customers to pay their bills, view statements and transaction history with the press of a button. Stanford Federal Credit Union in California was the first to introduce internet banking website for its customers.
- 6. Recent developments in online banking
- 7. The new millennium saw further developments in web-based banking like addition of account aggregation services. With the tremendous popularity of web-based banking, banks today are investing heavily in technology to offer their customers a hassle-free and secure banking experience. Introduction of Mobile banking apps and Remote Deposit Capture proves testimony to it.
- 8. Thank you Visit us @ cr2.com