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Waves Of Multimedia Banking Development

Abstract

This exploratory study on the rise of multimedia banking highlighted the ‘waves’ of development experienced by the banking industry. The initial step being the ATM wave, followed by the PC wave and finally the E-cash wave. These three waves have revolutionised the banking industry. More changes have been seen over the last 30 years then over the last 300 years of banking ⁄money lending. The paper also outlined the opportunities and threats for banks due to the introduction of new technology as well as how banks are taking advantage of the opportunities and also attempting to remedy the threats.

VP.Vijayan,Vignesen Perumal,Bala Shanmugam

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