Reasons for introducing and basic advantages of electronic banking in the modern business environment

In the modern global economy, e-commerce and e-business have increasingly become a necessarycomponent of business strategy and a strong catalyst for economic development. The integration of information andcommunications technology in business has revolutionized relationships within organizations and those between andamong organizations and individuals. The new information technology is becoming an important factor in the futuredevelopment of financial services industry, and especially banking industry. The results of this study shows thate-banking servesadvantages in modern banking sector.