Question

Please write about the problems related to the web application for online banking and possible improvement using technology

Answer 1

Problems related to web app for online banking :

As the technology is growing faster, there is a need to facilitate the process of banking in the modern world.This can be done by providing banking facilities online to provide the customers to bank anywhere and anytime.

This includes many problems for successful implementation of online banking.Some of them are :

• Insecure
• Difficult to access for the people who have little computer (online) knowledge.
• Providing better sites to handle heavy traffic.
• Depending on the taxation norms and economy of country i.e., online banking may have special tax norms when compared to normal banking.

Possible improvements using technology :

• Improving security by using better firewalls for the sites.
• Analyzing the ways to prevent the hacking of sites or applications.
• Developing protected mobile apps to increase reliability among the users.
• Focusing on the parts of data to be protected and providing better protection to it.
• Reducing the data traffic by providing required number of hosts.