Opportunities of Online Banking:

1. Introduction of Non Branch Banking:

Non branch banking helps to promote Digital Banking.
And one of the best tools of digital Banking is Online Banking. So there are plenty
of opportunities for online Banking on the non-branch banks.
2. Increasing use of Online Banking in everyday life:
One of the greatest opportunities of online banking is day by day people are using
more and more online banking products.
3. Increasing Popularity of Online Banking:
People living in even rural areas are using online Banking.
4. New and Innovative online banking products:
There is opportunity to introduce new online products which will be innovative
and more useful and helpful for the customers.
5. Quick Transaction
When people use paper money then there is more time needed. On the other hand
if people use digital mean of payment then there is less time required.
6. Increasing IT Usages:
In Bangladesh and even all over the world people are using more and more
Information Technologies. And this increasing usage
7. Recent developments of Online Banking:
There has been a development of online banking throughout the entire world.
Bangladesh has opportunities to use this development in various fields.
Threats Of Online Banking
1. Security Concerns:
There is no problem if digital money transaction has happened without any
interruptions.
But if there is misuse of technologies or a party is involved to take away the money
then there is great threat.
2. Privacy Concern:
The privacy of the customer and the privacy of the bank involved in the banking
activities may be exploited due to the vulnerability of the online banking system.
3. Customers Mistrust on virtual Money:
People find it easy and more acceptable to use paper currency and do the banking
activities with paper money. They dont believe on virtual money that much.
Maybe it will take several eras to make them believing in virtual money and online
banking this is a serious threat.
4. Threat of Lagging Behind in competitive IT use:
Banks in Bangladesh are very competitive as there are more banks then required.
So if a bank is poor online banking services it will fall behind and in the long run
may get failed.
5. Vulnerability to Hacking and Other Cyber Crimes:
Hacking and cybercrimes are very common topics of these days. Online banking is
not free from the threat of hacking and cybercrimes.

6. Economic Crisis:
An economy which is largely depended on virtual banking or online banking may
lead to economic crisis as technical problems and cyber crisis is not an uncommon
issue.