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Advances, Systems and Applications

Table 1 E-banking benefits

From: Trusted framework for online banking in public cloud using multi-factor authentication and privacy protection gateway

To bank

To customer

Per unit operation cost is saved up to 90 %

Transparency and Flexibility

Enables true relationship banking

Self-service banking

Integrate to multi-channel strategies

Personalization

Higher cross-selling opportunities

Time saving

Helps gain customers prompt feedback on products and services

Transactions can be performed at 24 × 7 days with lowest charging rates

Can gain discount benefits from online purchases