Virtual banking, though a newer concept in Bangladesh, is not new for the world. Since inception full-fledged virtual banking provided some benefits and suffered from some drawbacks. Some countries find this type of banking beneficial while some countries find this as not appropriate based on the countries’ macro environmental factors. Some countries prefer remaining within ‘brick and click’ approach of providing banking services. Later or sooner Bangladesh, one day, will enter into the world of full-fledged virtual banking. This exploratory nature of study aims to find out possible obstacles that Bangladesh may face prior to starting and after starting full-fledged virtual banking operation. These obstacles should be overcome to let full-fledged virtual banking take into operation. The study also suggests that it is the best time to decide whether to remain in ‘the brick and click’ approach or ‘full-fledged virtual banking’ approach. This requires analysis of country specific risk and factors and macro environmental factors. Further research is also necessary to prove the validity of the obstacles or challenges stated in the study and take correct policy decision.
| DOI | 10.11648/j.ijefm.20160401.14 |
| Published in | International Journal of Economics, Finance and Management Sciences (Volume 4, Issue 1, February 2016) |
| Page(s) | 26-30 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Brick and Mortar, Brick and Click, Virtual Bank
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APA Style
Md. Omar Faruque, Md. Nurul Kabir Biplob. (2016). Establishment of Full-fledged Virtual Banking in Bangladesh: Measures to Overcome Obstacles. International Journal of Economics, Finance and Management Sciences, 4(1), 26-30. https://doi.org/10.11648/j.ijefm.20160401.14
ACS Style
Md. Omar Faruque; Md. Nurul Kabir Biplob. Establishment of Full-fledged Virtual Banking in Bangladesh: Measures to Overcome Obstacles. Int. J. Econ. Finance Manag. Sci. 2016, 4(1), 26-30. doi: 10.11648/j.ijefm.20160401.14
AMA Style
Md. Omar Faruque, Md. Nurul Kabir Biplob. Establishment of Full-fledged Virtual Banking in Bangladesh: Measures to Overcome Obstacles. Int J Econ Finance Manag Sci. 2016;4(1):26-30. doi: 10.11648/j.ijefm.20160401.14
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Download@article{10.11648/j.ijefm.20160401.14,
author = {Md. Omar Faruque and Md. Nurul Kabir Biplob},
title = {Establishment of Full-fledged Virtual Banking in Bangladesh: Measures to Overcome Obstacles},
journal = {International Journal of Economics, Finance and Management Sciences},
volume = {4},
number = {1},
pages = {26-30},
doi = {10.11648/j.ijefm.20160401.14},
url = {https://doi.org/10.11648/j.ijefm.20160401.14},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20160401.14},
abstract = {Virtual banking, though a newer concept in Bangladesh, is not new for the world. Since inception full-fledged virtual banking provided some benefits and suffered from some drawbacks. Some countries find this type of banking beneficial while some countries find this as not appropriate based on the countries’ macro environmental factors. Some countries prefer remaining within ‘brick and click’ approach of providing banking services. Later or sooner Bangladesh, one day, will enter into the world of full-fledged virtual banking. This exploratory nature of study aims to find out possible obstacles that Bangladesh may face prior to starting and after starting full-fledged virtual banking operation. These obstacles should be overcome to let full-fledged virtual banking take into operation. The study also suggests that it is the best time to decide whether to remain in ‘the brick and click’ approach or ‘full-fledged virtual banking’ approach. This requires analysis of country specific risk and factors and macro environmental factors. Further research is also necessary to prove the validity of the obstacles or challenges stated in the study and take correct policy decision.},
year = {2016}
}
TY - JOUR T1 - Establishment of Full-fledged Virtual Banking in Bangladesh: Measures to Overcome Obstacles AU - Md. Omar Faruque AU - Md. Nurul Kabir Biplob Y1 - 2016/02/13 PY - 2016 N1 - https://doi.org/10.11648/j.ijefm.20160401.14 DO - 10.11648/j.ijefm.20160401.14 T2 - International Journal of Economics, Finance and Management Sciences JF - International Journal of Economics, Finance and Management Sciences JO - International Journal of Economics, Finance and Management Sciences SP - 26 EP - 30 PB - Science Publishing Group SN - 2326-9561 UR - https://doi.org/10.11648/j.ijefm.20160401.14 AB - Virtual banking, though a newer concept in Bangladesh, is not new for the world. Since inception full-fledged virtual banking provided some benefits and suffered from some drawbacks. Some countries find this type of banking beneficial while some countries find this as not appropriate based on the countries’ macro environmental factors. Some countries prefer remaining within ‘brick and click’ approach of providing banking services. Later or sooner Bangladesh, one day, will enter into the world of full-fledged virtual banking. This exploratory nature of study aims to find out possible obstacles that Bangladesh may face prior to starting and after starting full-fledged virtual banking operation. These obstacles should be overcome to let full-fledged virtual banking take into operation. The study also suggests that it is the best time to decide whether to remain in ‘the brick and click’ approach or ‘full-fledged virtual banking’ approach. This requires analysis of country specific risk and factors and macro environmental factors. Further research is also necessary to prove the validity of the obstacles or challenges stated in the study and take correct policy decision. VL - 4 IS - 1 ER -
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