Banking Perspective of E-Commerce and Digital Enterprise Transformation

Abstract

Digital enterprise transformation facilitates financial services organizations via enabling them to be more secure, compliant, as well as being digital. It modifies the experience of employees, partners, customers, and stakeholders. The contemporary world is changing very rapidly as information technology has redefined e-commerce. In its simplest sense, a baseline definition of e-commerce can be the performing of business by engaging computer networks and telecommunication aspects. In a narrow sense, e-commerce is pertinent to the commercial sphere involving transactions and people relate it to buying and selling via the internet. On a broader spectrum, it has a wider range of multiple activities. The specific definition thus used in this research curtails it as being an activity performed via a telecommunication network or the internet, which is a component of business model that generates profits and also involves selling. It might be any one of the following: information, products (physical or digital), and services.