Online Financial Service Provision in Saudi Arabia

Furst, Lang & Nolle (2000) write that the Internet has been viewed as a valuable shaft of light by bankers as well as lawmakers, early(a) participants in the fiscal services industry in addition to regulators and business journalists around the world.As financial institutions do away with paperwork and cut costs of employing clerks to handle paper proceeding in conventional financial companies customers lives are made easier as they do not have to visit their financial institutions to carry out necessity transactions (Furst, Lang & Nolle, p. 1). Saving time equates to saving money in this scenario. Thus, the entire economy benefits through greater efficiency of financial institutions when they blunt up their virtual branches on the World Wide Web.How has the Saudi Arabian financial industry benefited from the advent of the Internet? Are their factors that especially delay or support growth of online provision of financial services in Saudi Arabia? How does e-commerce inf luence growth of online financial service provision crossways Saudi Arabia?In order to answer these questions, my dissertation entitled, A breeding of Factors Influencing Growth of Online Financial Service Provision in Saudi Arabia would necessitate me to conduct online interviews with managers of major and minor financial institutions in Saudi Arabia. This look for would explore factors influencing growth of Internet banking in addition to online provision of other financial services, for example, insurance in Saudi Arabia.Furthermore, this study would determine whether there are differences between Islamic and non-Islamic financial institutions as far as online financial service provision is concerned. Lastly, this research would explore the target commercialise for online financial service provision in Saudi Arabia, with the aim to give away customer profiles, taking gender into account.REFERENCESFurst, K, Lang, WW & Nolle, DE 2000, Internet Banking Developments and Pro spects,Economic and polity Analysis Working Paper 2000-9, Sep 2000. http//www.occ.treas.gov/ftp/workpaper/wp2000-9.pdf.