publication . Preprint . 2007

E-Banking: Risk Management Practices of the Estonian Banks

Dmitri Sokolov;
Open Access
  • Published: 01 Jan 2007
During the last years the development of e-banking in Estonia has been very significant. According to the report of the World Economic Forum, the Estonian IT-development has been substantial. The success of e-banking in Estonia can be compared to the corresponding success of the Nordic countries. According to the Deutsche Bank Research, around 70-80% of the Internet users in Estonia use Internet banking and in this respect, Estonia could be compared to Finland, Norway and Iceland. Despite of certain benefits, e-banking has turned out a great risk, as bank clients are expecting e-banking services to be available 24 hours a day and seven days a week. The major ris...
free text keywords: e-banking, risks, risk management, jel:G21

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