Electronic Banking Models

This paper explains banking products and services that modern banking systems provide to their clients in order to achieve competitive advantages in turbulent financial market in a concise way. Dynamic development of information and telecommunication technologies and their applications in banking, erased time and space as the limiting variables of modern business. Models of electronic banking based on new information and telecommunication technologies are becoming the standard performance of banking and other financial institutions in today's market. We see models of electronic banking in particular the Internet and mobile banking taking primacy over traditional banking models that were dominant until the beginning of the twenty-first century