Online Banking offers a higher level of convenience for managing one's finances even from one's home.
However, it continues to present challenges to the financial security and personal privacy. ABC Bank is
providing e-Banking facility to its customers. ABC Bank has invested in several state-of-the-art technology
initiatives and successfully implemented them. Since inception, ABC Bank has pursued outsourcing, as part
of its strategy. The philosophy of the Bank has been to engage with select partner companies who are
acknowledged leaders in their products or businesses in developing specific solutions for it. A group of
employees of the bank are sharing the personal financial details of the customers with some unscrupulous
select partner companies to back their accounts.
On the basis of the given information about ABC Bank, answer the following questions:
(a) Specify the interest group towards which ABC Bank is not fulfilling its social responsibility?
(b) Enumerate the values which the employees of bank has violated.
Answers
However, it continues to present challenges to the financial security and personal privacy. ABC Bank is
providing e-Banking facility to its customers. ABC Bank has invested in several state-of-the-art technology
initiatives and successfully implemented them. Since inception, ABC Bank has pursued outsourcing, as part
of its strategy. The philosophy of the Bank has been to engage with select partner companies who are
acknowledged leaders in their products or businesses in developing specific solutions for it. A group of
employees of the bank are sharing the personal financial details of the customers with some unscrupulous
select partner companies to back their accounts.
On the basis of the given information about ABC Bank, answer the following questions: