The usage of ICT in different contexts: 4th entry

4^th entry

ICT v.s. e-finance

Despite of the impact on social community, education, and human lifestyle, ICT has also shown massive influences for the financial sector and economic growth. By using ICT for business used, it helps to reduce the cost of the products and cover other expenses, provide a higher technology of advertisements, offer a more efficiency communication between buyers and sellers, gives more opportunities to introduce their goods all around the worlds, and easier payment methods for buyers. Furthermore, e-finance has also provided some services such as internet banking, insurance, registration, and other related services via internet or public networks. Anybody could access these e-financial services anytime as long as they are able to connecting to the internet via wifi, broadband, 3G or modem. 

Nowadays, many people using social network such as facebook or eBay to do business. They create a web-page and post picture of their goods to attract others and to promote themselves. All of the transactions from ordering to fulfill the payment will be done via internet. This kind of internet transaction has raised the desire of the consumers and leads the marketing into another stage as I called it e-stage. 

According to Allen et al. (2001), by the end of the 1990s, e-finance technologies had affected all aspects of business of banking and financial intermediation. Depository institutions have been using electronic information technologies, for example, to make credit decisions to consumers since 1980s. As a matter of fact, there is a substantial evidence to suggest that financial institutions in developed and emerging markets embrace e-banking. 

http://st.free-lance.ru/users/Sergserge/upload/f_494a46711c72e.pdf

Consistent with the statement above, it showed that e-finance technologies had been used since the end of the 1990s. I believe that the e-finance technologies will show more impact on social community in the future because of the high speed of technology, convenience used of internet, and the ICT that have been widely used by human beings nowadays.