Read An Opinion On:
Internet banking – the future of banking
by
Mel C
Time is money, as they say. The future of banking, therefore, lies in reducing time wastage and automating all banking procedures especially through internet banking. We spend a lot of time making money, searching for sources and soliciting for deals that might yield as much returns as possible. Yet when we get this money, managing it and allocating it for use becomes another time expending endeavor. It actually does beat logic, doesn’t it? Spending a lot of time in using and managing money rather than looking for more, I guess you would rather have it the other way around. Wouldn’t you prefer that your financial management be as prompt, swift and non-bureaucratic as possible?
If you would (and I know you definitely would), then internet banking is the ideal solution. Banking online is the new and revolutionary mode of generating and managing prosperity and money. The opportunity cost theory of economics correctly allocates the time and money invested to do one thing as an opportunity lost to do another thing using the same amount of resources. And as businesses and individuals try to maximally invest in wealth generation, online banking promises to let them just do that by saving the time spent in banking procedures.The future of banking plainly lies in virtual wealth management. The long lines in your local bank will soon be phased out by the opportunity to bank and transact online. Transacting online has a key relevance to our lives not only because it is very convenient and hassle-free, but also because it’s expediently fast. With internet banking, business transactions become a matter of mouse clicks or touch screen pokes. This drastically reduces unproductive downtime and allows the recaptured time to be reinvested in productive pursuits.
Mel writes about
internet banking
,
savings accounts
and other finance topics.
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Internet banking – the future of banking}