Business Studies

The success of E-banking depends upon which of the following?
i. Multi-layer Security System
ii. Risk and Surveillance Management
iii. Updated Flawless Softwares
iv. Stringent Legal Frame-work.


ANSWER

i, ii and iii


SOLUTION
  1. Website of a bank requires multi-layered security system for safeguarding the privacy of the user. It is supported by seamless surveillance and an updated flawless software. They together enhance the user experience.
  2. Legal frame-work is secondary in e-banking as its significance arises only at the time of a dispute.
  3. Hence, for an e-banking to be successful, it requires a multi-layered security system, risk and surveillance management and updated flawless software.
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Single Correct Medium Published on 18th 08, 2020
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