Articles, Banks and internet banks

Now customers in Australia may use the first end-to-end online account opening service offered by the Dutch bank.
Direct implements an almost instant online identity verification process instead of the traditional 100-point security check to allow customers to open savings and term deposit accounts. Other banks in the country are going to follow its lead.

South Korea sees a great growth among mobile banking customers. There are 2.5 million Woori Bank mobile banking subscribers with over 1 million of them using mobile VM (Virtual Machine) banking.

Who is the most successful in business? The one is always in motion, a mobile person. So, the business should also be mobile and flexible to please the customers. When mobility is the keyword, why banks should lag behind? To cope with the widespread fundas of flexibility and mobility, the banks also aced up their sleeves to offer the same to their customers.

Today people live on the Internet, date there, make purchases. No other industry is developing faster than the Internet. One can observe the boom of electronic commerce today. Internet banking is hot and mobile banking hotter. While the former brought our banks to our desktop, the latter has brought it right into our pocket.

In view of recession and mortgage crisis people do not trust banks no more. Or it better to say that they are still trusted but not as much as it was before. Especially since they have an alternative - mobile banking.

Mobile payment, still a nascent service, is expected to reach 32.9 million users worldwide in 2008 and grow to 103.9 million users in 2011, according to a study released by Gartner.