Reviewing the Issues and Challenges of Electronic Banking Regime in Iran

Mahsa Alikhani; Ali Zare

doi:doi:10.11648/j.eco.20180701.11

| Peer-Reviewed

Reviewing the Issues and Challenges of Electronic Banking Regime in Iran

Mahsa Alikhani, Ali Zare

Published in Economics (Volume 7, Issue 1)

Received: 3 January 2018 Accepted: 22 January 2018 Published: 13 April 2018

Views: Downloads:

Download PDF

Share This Article

Twitter
Linked In
Facebook

Abstract

Technological advances have transformed the face of the world. Over the past two decades, the banking industry has been investing heavily in using Information Technology (IT). In response to new laws, the growth of global networks and rising incomes, the banking industry employs new technologies called e banking to achieve and maintain strategic benefits. Electronic banking refers to financial activities that are carried out using electronic technology. Electronic banking gives banks the opportunity to respond to the different needs of customers in different locations simultaneously. In recent years, with the growing spread of information technology and the benefit of the Internet, banks and financial institutions are seeking to provide more different and diverse services for their customers. The emergence and development of e-banking is facing serious challenges, which responding to them is inevitable. The challenges that the e-banking system will face include financial, regulative and legal issues, organizational culture and process issues, infrastructures and systems. One of the challenges of developing electronic banking in Iran is the legal challenge. One of the most important legal challenges for the e-banking system seems to be whether the general rules of contracts provide sufficient guarantees for the validity and necessity of electronic contracts. The purpose of this paper is to examine the legal challenges for the advancement of the electronic banking system and provide solutions for solving them.

Published in	Economics (Volume 7, Issue 1)
DOI	10.11648/j.eco.20180701.11
Page(s)	1-9
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

Keywords

Electronic Banking, Information Technology, Legal Challenges

References

[1]	Aladwani, A. M. (2013). Online banking: A field study of drivers, development challenges, and expectations. [Electronic version]. International Journal of Information Management, 21 (3), 213-225.
[2]	Allameh, Seyyed Mohsen and Zare, Seyed Mohsen. (2007), Investigating the Factors Affecting the Reception of Electronic Banking, Tehran: Second World Conference on Electronic Banking.
[3]	Agarwal, R., & Prasad, J. (1999). Are individual differences germane to the acceptance of new information technologies? [Electronic version]. Decision Sciences, 30 (2), 361-394.
[4]	Bandura, A. (2002). Growing primacy of human agency in adaptation and change in the electronic era [Electronic version]. European Psychologist, 7 (1), 2-16.
[5]	Davis, F. D. (2012). Perceived usefulness, perceived ease of use, and user acceptance of information technology. [Electronic version]. MIS Quarterly, 13 (3), 319-341.
[6]	Elsan, Mostafa (2005). Formation of Electronic Contracts, Commercial Journal, No. 36.
[7]	Elsan, Mostafa (2006), Requirements and Acceptance of Electronic Transactions, Quarterly Journal of Legal Research, No. 43.
[8]	Elsan, Mostafa (2009), Legal aspects of Electronic Banking, Quarterly Journal of Legal Research, Monetary and Financial Research Institute.
[9]	Emami, Seyed Hassan (1986). Civil Rights, Tehran: Islamiyah Publications.
[10]	Flavian, C., Torres, E., & Guinaliu, M. (2004). Corporate image measurement: A further problem for the tangibilization of Internet banking services. [Electronic version]. The International Journal of Bank Marketing, 22 (4/5), 366-381.
[11]	Ghanbari, Hamid. (2016). Study of the necessary platforms for implementation of the e-banking system and its challenges, the center for the development of banking and e banking.
[12]	Jafari Langroudi, Mohammad Jafar (1999). Expanded in Terminology, Tehran: Ganj Danesh Publications.
[13]	Jahangir, Mansour (1998), Civil Code, Tehran: Visiting publication.
[14]	Joseph, M., & Stone, G. (2015). An empirical evaluation of US bank customer perceptions of the impact of technology on service delivery in the banking sector. [Electronic Version]. International Journal of Retail and Distribution Management, 31 (4/5), 190-203, 190-204.
[15]	Maleki, Mehdi and Akbari, Peyman. (2011). Investigating the Role of Electronic Banking in Iran, Bank Quarterly and Economics, No. 112.
[16]	Molakarimi, angel. (2014). Legal Review of Electronic Banking Based on General Contracts, Monetary and Financial Research.
[17]	Ndubisi, N. O. (2016). Integrating the moderation effect of entrepreneurial qualities into the technology acceptance model and treatment of potential confounding factors. [Electronic version]. Journal of Information and Science Technology, 2 (1) 28-48.
[18]	Rasulov, Javad (2012). E Banking, Achievements, Challenges and Future Horizons, Quarterly Journal of Economics, Year ninth, No. 134.
[19]	Shadkam, Hamed. (2009). Legal and Financial Challenges in Electronic Banking in Iran, Master's thesis, Iranian Banking Institute.
[20]	Seyyed Abadi, Zahra. (2015). Legal Review of the Challenges of E-Commerce, Tehran, Allameh Tabatabaei University.
[21]	Seyyed Jawadin, Reza and Saghtchi, Maryam. (2006), Electronic Banking and its Development, Tadbir Monthly, No. 170.
[22]	Wesali Naseh, Morteza. (2006). Electronic contract and its credit bases. Magazine Kahn, No. 66.

Cite This Article

Plain Text BibTeX RIS

APA Style

Mahsa Alikhani, Ali Zare. (2018). Reviewing the Issues and Challenges of Electronic Banking Regime in Iran. Economics, 7(1), 1-9. https://doi.org/10.11648/j.eco.20180701.11

Copy | Download

ACS Style

Mahsa Alikhani; Ali Zare. Reviewing the Issues and Challenges of Electronic Banking Regime in Iran. Economics. 2018, 7(1), 1-9. doi: 10.11648/j.eco.20180701.11

Copy | Download

AMA Style

Mahsa Alikhani, Ali Zare. Reviewing the Issues and Challenges of Electronic Banking Regime in Iran. Economics. 2018;7(1):1-9. doi: 10.11648/j.eco.20180701.11

Copy | Download

@article{10.11648/j.eco.20180701.11,
  author = {Mahsa Alikhani and Ali Zare},
  title = {Reviewing the Issues and Challenges of Electronic Banking Regime in Iran},
  journal = {Economics},
  volume = {7},
  number = {1},
  pages = {1-9},
  doi = {10.11648/j.eco.20180701.11},
  url = {https://doi.org/10.11648/j.eco.20180701.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20180701.11},
  abstract = {Technological advances have transformed the face of the world. Over the past two decades, the banking industry has been investing heavily in using Information Technology (IT). In response to new laws, the growth of global networks and rising incomes, the banking industry employs new technologies called e banking to achieve and maintain strategic benefits. Electronic banking refers to financial activities that are carried out using electronic technology. Electronic banking gives banks the opportunity to respond to the different needs of customers in different locations simultaneously. In recent years, with the growing spread of information technology and the benefit of the Internet, banks and financial institutions are seeking to provide more different and diverse services for their customers. The emergence and development of e-banking is facing serious challenges, which responding to them is inevitable. The challenges that the e-banking system will face include financial, regulative and legal issues, organizational culture and process issues, infrastructures and systems. One of the challenges of developing electronic banking in Iran is the legal challenge. One of the most important legal challenges for the e-banking system seems to be whether the general rules of contracts provide sufficient guarantees for the validity and necessity of electronic contracts. The purpose of this paper is to examine the legal challenges for the advancement of the electronic banking system and provide solutions for solving them.},
 year = {2018}
}

Copy | Download

TY - JOUR
T1 - Reviewing the Issues and Challenges of Electronic Banking Regime in Iran
AU - Mahsa Alikhani
AU - Ali Zare
Y1 - 2018/04/13
PY - 2018
N1 - https://doi.org/10.11648/j.eco.20180701.11
DO - 10.11648/j.eco.20180701.11
T2 - Economics
JF - Economics
JO - Economics
SP - 1
EP - 9
PB - Science Publishing Group
SN - 2376-6603
UR - https://doi.org/10.11648/j.eco.20180701.11
AB - Technological advances have transformed the face of the world. Over the past two decades, the banking industry has been investing heavily in using Information Technology (IT). In response to new laws, the growth of global networks and rising incomes, the banking industry employs new technologies called e banking to achieve and maintain strategic benefits. Electronic banking refers to financial activities that are carried out using electronic technology. Electronic banking gives banks the opportunity to respond to the different needs of customers in different locations simultaneously. In recent years, with the growing spread of information technology and the benefit of the Internet, banks and financial institutions are seeking to provide more different and diverse services for their customers. The emergence and development of e-banking is facing serious challenges, which responding to them is inevitable. The challenges that the e-banking system will face include financial, regulative and legal issues, organizational culture and process issues, infrastructures and systems. One of the challenges of developing electronic banking in Iran is the legal challenge. One of the most important legal challenges for the e-banking system seems to be whether the general rules of contracts provide sufficient guarantees for the validity and necessity of electronic contracts. The purpose of this paper is to examine the legal challenges for the advancement of the electronic banking system and provide solutions for solving them.
VL - 7
IS - 1
ER -

Copy | Download

Author Information

Mahsa Alikhani

Faculty of Management, Islamic Azad University, Science and Research Branch, Tehran, Iran
Ali Zare

Faculty of Law and Political Science, Islamic Azad University, Science and Research Branch, Tehran, Iran

Download PDF

Sections

Plain Text BibTeX RIS

APA Style

Mahsa Alikhani, Ali Zare. (2018). Reviewing the Issues and Challenges of Electronic Banking Regime in Iran. Economics, 7(1), 1-9. https://doi.org/10.11648/j.eco.20180701.11

Copy | Download

ACS Style

Mahsa Alikhani; Ali Zare. Reviewing the Issues and Challenges of Electronic Banking Regime in Iran. Economics. 2018, 7(1), 1-9. doi: 10.11648/j.eco.20180701.11

Copy | Download

AMA Style

Mahsa Alikhani, Ali Zare. Reviewing the Issues and Challenges of Electronic Banking Regime in Iran. Economics. 2018;7(1):1-9. doi: 10.11648/j.eco.20180701.11

Copy | Download

@article{10.11648/j.eco.20180701.11,
  author = {Mahsa Alikhani and Ali Zare},
  title = {Reviewing the Issues and Challenges of Electronic Banking Regime in Iran},
  journal = {Economics},
  volume = {7},
  number = {1},
  pages = {1-9},
  doi = {10.11648/j.eco.20180701.11},
  url = {https://doi.org/10.11648/j.eco.20180701.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20180701.11},
  abstract = {Technological advances have transformed the face of the world. Over the past two decades, the banking industry has been investing heavily in using Information Technology (IT). In response to new laws, the growth of global networks and rising incomes, the banking industry employs new technologies called e banking to achieve and maintain strategic benefits. Electronic banking refers to financial activities that are carried out using electronic technology. Electronic banking gives banks the opportunity to respond to the different needs of customers in different locations simultaneously. In recent years, with the growing spread of information technology and the benefit of the Internet, banks and financial institutions are seeking to provide more different and diverse services for their customers. The emergence and development of e-banking is facing serious challenges, which responding to them is inevitable. The challenges that the e-banking system will face include financial, regulative and legal issues, organizational culture and process issues, infrastructures and systems. One of the challenges of developing electronic banking in Iran is the legal challenge. One of the most important legal challenges for the e-banking system seems to be whether the general rules of contracts provide sufficient guarantees for the validity and necessity of electronic contracts. The purpose of this paper is to examine the legal challenges for the advancement of the electronic banking system and provide solutions for solving them.},
 year = {2018}
}

Copy | Download