Online Financial Service Provision in Saudi Arabia

Furst, Lang & Nolle (2000) write that the mesh has been viewed as a valuable tool by bankers as substantially as lawmakers, other participants in the pecuniary services industry in addition to regulators and business journalists around the world.As monetary institutions do away with paperwork and trim back costs of employing clerks to handle paper transactions in conventional pecuniary companies customers lives are made easier as they do not have to come across their financial institutions to carry out necessary transactions (Furst, Lang & Nolle, p. 1). Saving measure equates to saving money in this scenario. Thus, the entire economy benefits through greater efficiency of financial institutions when they open up their virtual branches on the knowledge domain Wide Web.How has the Saudi-Arabian Arabian financial industry benefited from the advent of the net income? Are their factors that especially impede or support growth of online provision of financial services in Saudi Arabia? How does e-commerce influence growth of online financial service provision across Saudi Arabia?In order to exercise these questions, my dissertation entitled, A Study of Factors Influencing Growth of Online Financial Service supplying in Saudi Arabia would require me to conduct online interviews with managers of major and minor financial institutions in Saudi Arabia. This investigate would explore factors influencing growth of network 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 market for online financial service provision in Saudi Arabia, with the aim to develop customer profiles, taking gender into account.REFERENCESFurst, K, Lang, WW & Nolle, DE 2000, Internet Banking Developme nts and Prospects,Economic and Policy Analysis Working Paper 2000-9, Sep 2000. http//www.occ.treas.gov/ transfer/workpaper/wp2000-9.pdf.