GLOBAL FINANCE

WITH ELECTRONIC BANKING

KRIS-ANN ROSE P. BOTIQUIN

BSBA MANAGEMENT 3A

PROF. EVANGELINE D. HONRADO

SUBJECT ADVISER
 01 02 03
FUTURE OF PROS AND CONS
BANK AID
E-BANKING OF E-BANKING
How do you see How does it benefit Create your own
e-banking five years the people? “E-bank”
from now?
 FUTURE OF
01 E-BANKING
 HOW DO YOU SEE E-BANKING
FIVE YEARS FROM NOW?
Electronic banking uses computers,
telecommunications and other electronic devices to
conduct online banking transactions without human
interaction. According to Batchelor (2017), e-banking
was first conceptualized in the mid-1970s, and in 1985
some banks started to offer customers electronic
banking. However, the lack of internet users and the
cost associated with online banking hinder its growth.
In the late -1990s, the internet explosion was the major
factor that made people more comfortable with
online transactions. Since then, e-banking grew
alongside the internet.
 HOW DO YOU SEE E-BANKING
FIVE YEARS FROM NOW?
At present, we can observe that due to the mobility
restrictions caused by the pandemic, there is an
increase in e-banking users. Rizal Commercial Banking
Corp. (2020), as cited by Piad (2020), reported that its
digital transactions have been surging since the
community quarantine started in Luzon. The Bank of the
Philippine Islands also shared that digital transactions
increased to 90 percent during the lockdown from 72
percent prior. The policies implemented by the
government are contributory to the higher demand for
electronic banking services. Five years from now, I
visualize e-banking as the most effective banking service
used by billions of people. The banking industries are
allocating their funds for information technology
projects to develop and strengthen their systems.
 PROS AND CONS
02 OF E-BANKING
 E-banking consumers enjoyed tons of
advantages and have less fear of disadvantages.

PROS
● E-banks offer higher interest rates on a savings account than traditional
banking. It is possible since e-banks doesn’t have physical commercial
establishments.
● Standard banking transactions can be done as long as you have an
internet connection and electronic device.
● You can pay bills, transfer money to different accounts, and view your
account statements even if you are working, before you sleep or even
during the holiday season where traditional banks are closed.

● E-banking is 24/7, unlike traditional banking, where you need to stand in

a queue before conducting transactions.
 PROS

● Through e-banking, you will not be bothered whether the nearest

automated teller machine in your location is offline.
● You don’t need to keep your receipts since you can easily view your
past transactions in your mobile app.
● You can manage multiple accounts through e-banking.
● If there are detected fraudulent activities or threat, you will know easily.
● Moreover, you don’t need to update your passbooks to know your total
account balance.
 Meanwhile, e-banking has few disadvantages.

CONS
● You can’t use e-banks if you are in a remote area or your location
doesn’t have internet access.
● If you don’t have load or data, you can’t perform any transactions.
● E-banking is simple and easy, but they might find it difficult to
understand how e-banking works for those older individuals or not techy
people.
● One of the main concerns of many customers is the security of their
transactions and account information. Although bank companies spend
many of their funds for the security and safety of their customers, there
are still skilled hackers who can bypass the verification or authorization
phases.
 CONS

● When the bank server is down or under maintenance, you cannot

access your account.
● If you are in the middle of your transaction and your internet connection
was interrupted, it won't be easy to know if your transaction was
successful.
● Moreover, you might get annoyed by the constant emails, messages,
and notifications from your bank.

Electronic banking has more advantages than disadvantages.

These characteristics are the reasons why I visualized e-banking as the most
convenient and effective banking service a few years from now.
03 BANK AID
Kris-Ann Rose P. Botiquin
CEO
 VISION MISSION

To be a world-class bank We provide an effective, safe, unique

offering consolidated and advanced banking services
and exclusive banking which will benefit clients locally and
services. internationally, staff, shareholders,
and the communities we serve. We
provide financial assistance to those
in need specifically to those
differently abled person, students
and children from low-income
families. To alleviate poverty and
support quality education.
BANK AID
Mobile App
Available Balance PHP 100,000.00

Bank Transfer Send Money QR Code Deposit

These are the services

offered by Bank Aid in
Money
Management Withdrawal Bills Remit

the mobile app. You

can also access your Load Bank Aid is Here Schedule
Payment
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account with desktop

Use Bank Aid to

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 BANK AID ATM CARD

021 AUTHORIZED
SIGNATURE

Do not disclose your personal identification number (PIN)

The use of this card is governed by the terms and conditions embodied in the
BANK AID Visa Debit Card Agreement and all future amendments thereto.
8726 5091 8223 4001 Use your card to pay your purchases at BancNet and Visa affiliated merchants
If found please return to any BANK AID Branch
For inquiries, please call (632) 8-306-8000 (Metro Manila and International) and 2-
11/27
VALID
094-23-704-500 (PLDT Domestic Toll Fee)
THRU

KRIS-ANN ROSE P BOTIQUIN

SA 7218 4738 90 Debit

FRONT BACK
 UNIQUE
FEATURES
Aside from the advantages of electronic banking
mentioned a while ago. Bank Aid offers unique
features which address the disadvantages of
electronic banking.
 Money Management
This feature helps users to manage their
money by cutting their spending and grow Bank Transfer Send Money QR Code Deposit

their savings. The customer will set up their

Money plans, including their budget and Money
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target expenditures during a day, week,

months, and year depending on their choice. Load Vouchers Food More

Bank Aid will send three message alerts. Use Bank Aid to

First, if the user is close to his spending

limits. Second, if the user reached the limit of Shop online with Receive Western Get deals from Reload EasyTrip
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their spending, and third, when the user Recent Transactions View All

exceeds his spending target. Furthermore, if

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the user did not fully spend his allotted Received money from 13 April, 2021

budget for a certain time, that budget will Home My Cards Scan to Pay Inbox Settings

directly go to his savings.

 Iris / Fingerprint Biometric
Verification.
To deal with the consumers' security
concerns, Bank Aid uses iris or fingerprint biometric
instead of pin code, password, verification code,
and one-time-pin (OTP). With this, you cannot
proceed to your transaction without having your iris
or fingerprint scanned, depending on your choice of
method. Also, if the customer chose to withdraw
through an automated teller machine, our partner
banks designed a machine with a biometric scanner.
Bank Aid strongly suggests using iris recognition
since it is difficult or impossible to fabricate than
the fingerprint. With this type of security, it is
difficult even for those skilled hackers to access
your information and steal your money from the
bank.
 Bank Aid Wi-Fi
If the customers have an urgent
transaction and don’t have data or load for Bank Transfer Send Money QR Code Deposit

the internet, Bank Aid Wi-Fi is the solution.

Bank Aid Wi-Fi is free and only for Bank Aid Money
Management Withdrawal Bills Remit

customers who don’t have an internet

connection. You can connect if your Load Vouchers Food More

fingerprint or iris is recognized and Use Bank Aid to

authorized by Bank Aid. This comes in handy

for urgent online transactions and shows the Shop online with Receive Western Get deals from Reload EasyTrip
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real meaning behind E-bank’s famous line Recent Transactions View All

“anytime, anywhere.”
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Tutorial Page / Help Center How to

How to transfer funds?

How to use QR code?

How to Pay bills?

For those people who are not techy and Bank Transfer
How to connect to Wi-Fi?
Send Money QR Code
How to deposit?
Deposit

the older generations, who are confused and

new to e-bank, Bank Aid presents the Money
Management
Basic Tutorial
Withdrawal Bills Remit

Tutorial page and help center. You can find

these pages in the settings at the lower right Load Vouchers Food More

corner of your screen. In here, you can Use Bank Aid to

search your concerns without being

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go back to different procedures anytime. Recent Transactions View All

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 Bank AidLerts
• Bank AidLerts comprises real-time notifications and
warnings about unusual log-in and activities in your BANK AIDLERT!

ANUSUAL ACTIVITIES
account. This feature ensures that you are aware of DETECTED!!!

the unusual changes and transactions happening in

your account.
• Bank AidLerts also includes updates if there is
scheduled system maintenance. In this way, you will BANK AIDLERT!

THERE WILL BE A SYSTEM

know if you have transactions during that day, and MAINTENANCE ON MAY 6, 2021
AT 5:00 PM. THE SERVICE MAY
RESUME EARLIER.

you can create an automated transaction which will

be presented later.
• Bank AidLerts deals with the sudden loss of internet
connection while you are in the middle of a
BANK AIDLERT!
transaction. Bank Aidlerts will send a pop-up message PAYMENT SENT!

if your transaction is successful or not. (You will

receive this message even you’re still disconnected.)
 Schedule Payment

Bank Transfer Send Money QR Code Deposit

This feature helps the customer to

schedule their payments and automate their Money
Remit
Management Withdrawal Bills

transaction. This is very helpful, especially if

you are on vacation on the day of the
Load Bank Aid is Here Schedule More

transaction and you’re in a remote area Use Bank Aid to

Payment

without internet access. Also, if there is

scheduled service maintenance, you can Shop online with Receive Western Get deals from Reload EasyTrip
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book your transaction prior to that day. Recent Transactions View All
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QR code and
Contactless card
Bank Transfer Send Money QR Code Deposit

This feature allows the

customer to purchase cashless. You Money
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just need to tap or have your QR

code, or virtual card scanned at the Load Bank Aid is Here Schedule
Payment
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counter. This feature also Use Bank Aid to

promotes physical distancing, and

you can avoid touching money that Shop online with Receive Western Get deals from Reload EasyTrip
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might carry viruses. Recent Transactions

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15 April, 2021
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 Virtual Beep Card

Bank Aid services also offer virtual beep

cards. If you are a commuter, this feature will
come in handy. You don’t need to reload your
beep card, just tap your virtual beep card at
any railway station or busses.
 Bank Aid is Here!

Bank Transfer QR Code Deposit

“Bank Aid is here” is a program wherein Send Money

the bank will give financial aid to those in

Money
need for each transaction. Particularly the Management Withdrawal Bills Remit

students, differently-abled persons, and

children from low-income families. As a Load Bank Aid is Here Schedule
Payment
More

Use Bank Aid to

customer, you can check and monitor in your

mobile app the number of people who Shop online with Receive Western Get deals from Reload EasyTrip

received the financial assistance and their Shopee Union Funds Booky NLEX Toll

appreciation messages for your help. Recent Transactions

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15 April, 2021
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Received money from 13 April, 2021

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REFERENCE

Bob Batchelor (2017) The History of E-Banking.

Retrievedfrom.https://bizfluent.com/about-5476081-use- computers-
banks.html. Retrieved date. May 9, 2021

Ytyrone jasper c. Piad (2020) Future is now: Pandemic propels digital banking.
Retrieved from.https://businessmirror.com.ph/2020/06/12/future-is-now-
pandemic-propels-digital- banking/ Retrieved date. May 9, 2021

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