Electronic Banking System in Nigeria - 2961 Words

Guaranty Trust Bank Plc over more than two decades has distinguished itself as a leading institution and a major contributor to the economic advancement in Nigeria. Guaranty Trust Bank Plc with its headquarter at Victoria Island, Lagos as at December 2011 had an operating income of N141.729 billion, net income of N52.654 billion, total asset of N1,525.010 billion and a total equity of N235.911 billion and it had more than two thousand,five hundred employees in Nigeria. Its subsidiaries include Guaranty Trust Assurance Plc, GTB Registrars Ltd, GT Homes Ltd, GTB Assets Management Ltd, and GTB Finance B.V Netherlands. Guaranty Trust Bank has over 160 branches in Nigeria and runs nationwide more than 230 ATMs. As one of the first banks in†¦show more content†¦Also imagine a man so busy at work in Ibadan taking just three minutes break to log on to the website of his bank and transfers some fund directly from his account into that of his daughter schooling in Abuja and within another two minutes, the daughter recieves a notification of the amount credited to her account to which she has full access, note that all the banking transactions too k just five minutes to complete irrespective of the distance between the entities involved. All these can only be made possible through the adoption and inception of electronic banking system in a nation.Customers in developed countries enjoy faster and easier service but this modern banking system has not been fully adopted in developing nations like Nigeria. Another issue is the security challenges that electronic banking system is presently faced with in Nigeria. Most of the older customers are not so familiar with the card payment system and how to keep the card from fraud perpetrators now to talk of knowing its benefits. RESEARCH QUESTIONS Considering Guaranty Trust Bank Plc, Nigeria as a case study,this present research questions were processed to solve the problems associated with the adoption of electronic banking in Guaranty Trust bank and the banking industry in general in terms of connectivity to the internet. TheShow MoreRelatedImpact of Electronic Banking System in Nigeria. a Critical Appraisal of Unity Bank Plc13433 Words   |  54 PagesIMPACT OF ELECTRONIC BANKING IN NIGERIA BANKING SYSTEM (CRITICAL APPRAISAL OF UNITY BANK PLC) BY OLORUNSEGUN SHITTU BEING A RESEARCH PROJECT SUBMITTED TO THE DEPARTMENT OF MANAGEMENT SCIENCE, FACULTY OF ENGINEERING AND TECHNOLOGY, LADOKE AKINTOLA UNIVERSITY OF TECHNOLOGY, OGBOMOSO, OYO STATE NIGERIA IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF MASTERS IN BUSINESS ADMINISTRATION (MBA) FINANCE SEPTEMBER, 2010 1 CERTIFICATION This project with the title â€Å"The Impact of Electronic BankingRead MoreThe Operations, Problems and Prospect of Pos Adoption in Nigeria1070 Words   |  5 Pagesthe Central Bank of Nigeria CBN has generated mixed reactions, controversies and public debates over the citizens’ preparedness and relevance of the policy. 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The Practice of Positive Psychology †Free Sample for Students

Question: Discuss about the Positive Psychology. Answer: Introduction The practice of positive psychology is an important part of the everyday life as it helps all persons to deal with the stress related everyday activity. The purpose of this assignment is to apply and highlights about the importance of positive psychology in everyday practice. The assignment also describes the ways by which positive psychology is being practiced in the practical life. The various theories related to positive psychology practice is being mentioned along with providing proper comparisons between them. The book named Positive Psychology in a Nutshell is primarily used in for providing practical experience about positive psychology. Practice of Positive Psychology According to Boniwell, et al., (2014), the benefits related to positive psychology practice cannot be beneficial until they are being applied in practice in different domains of everyday life. Hence, it is important to apply the relevant theories is usually practiced in one-one sessions. With the help of one-one practice sessions using the guidelines of positive psychology, it is possible to improve the quality of the everyday life. In the earlier days, the practice of positive psychology was a matter of high expense and can only be afforded by people suffering stress among the executive class. However, with the introduction of the one-one sessions in the form of positive psychology practice have been able to help a wide range of people, who are suffering from psychological problems in everyday life. The main aim of this form of practice is to ensure that all the people with wide ranges of psychological issues can get benefit and positive feedbacks. The coaching of positive psychological practice has become widely popular in the present days. There are different types of professional courses that offer positive psychological practice among the people. The aim of this coaching related to positive psychological practice is not only to identify the individual weakness; it also aims to use the strength of each individual depending upon their personal environment. According to Boniwell et al., (2014), the coaching classes in context of the psychological practice also had to encounter with the issues related lack of proper idea and also lack of evaluation process. Additionally over focus of identifying the issues and suitable problems for them can only be a short-term solution and it can never provide permanent solution to the major and long term psychological issues. The main underlying issues related to the problems are often left unresolved and thus it cannot be applied in every form of situation. Implication of positive psychology The positive psychological practice can be implied with the help of coaching and therapy practice that ultimately helps to deal with the psychological problems of everyday life. After successfully completion of the one-one session, it is possible for every individual to deal with the personal issues and thereby they can expect to get benefit from the psychological practice. The positive psychological problems have been implied in all forms of education and it is possible for the children to maintain high level of cognitive sense. The education program mainly focuses on scientific application of the positive psychology, which helps to deal with the issues that faced by the children related to poor psychological conditions. It can be said in this context that people with high level of emotional intelligence are more likely to get benefits from the one-one psychological training programs. With the introduction of the one-one sessions it is now possible to better understand the high level of complications that are involved within the mentality of all types of people within the society. Moreover, as the people feel comfortable in sharing their inner thoughts, they are capable to expressing their inner feeling about every aspects of life. With the introduction of these forms of interactive sessions more number of people is becoming self-conscious about the cause of individual psychological problems. As the present of positive psychological practice have become widely popular, the future of this kind of practice also looks promising and there is enough scientific evidence to prove the fact that this kind of practice will have major positive impact among the life of people. With positive and good experience regarding the matter of positive psychology practice, it is possible to deal with all the major psychological issues that can be part of the future. Comparison of the theories related to positive Psychology According to Seligman and Csikszentmihalyi (2014), the main purpose of the positive psychological practice is to ensure that all the people in the society get the opportunity to live life in free without any major forms of stress. The relevant theory related to positive psychological practice depends on the level of psychological distress an individual is suffering from. Unlike the theory in the previous section of one-one practice sessions, it can be said that the positive psychological practice depends on personal traits. Individuals with high level of personal traits have the chance of getting better results of from the positive psychological practice sessions. The mental health condition of individual is also one of the major deciding factors that lead to the effective results of positive psychological practice. The research work done by Csikszentmihalyi (2014), focuses on the importance of optimal experience within the positive psychological practice. It is believed that the psychological sessions need to be brief and simple. Long and extended sessions can often increase the complexity of the situations and thereby have the leads to situation of further psychological distress among individuals. The individual level of consciousness is also regarded as the major deciding factors that will have impact on the psychological condition of individual. It is also believed that in order to imply the positive psychological feeling among individuals the person who is conducting the training session needs to have high level of experience in dealing with the relevant matters as it is highly sensitive issue that is being resolved in this case. The person, who is willing to take help of positive psychological practice, needs to have clear idea about the impact of this session and also the draw backs that are associated with it. The analysis done by Bolier et al., (2013), suggests that interventions with the help of positive psychological practice can be used to enhance feeling of well-being among the individuals. The diverse ranges of clinical studies have suggested that all symptoms related mental health disease like depression can be resolved using the principles of positive psychological practice. The people, who are suffering from extreme forms of mental health disorders, can take the assistance of psychological counseling sessions on regular basis and they have high chance of getting significant benefit. Conclusion The practice of one-one sessions is thus considered to be one of the major forms of psychological counseling sessions that are aimed to increase the popularity of the positive psychological practice. With the introduction of this form of practice a wide range of people have got the benefits and they also have developed positive feelings. With the introduction of this practice within the education system, it has helped to increase the awareness among the people regarding the matter of psychological distress. However, it is important to ensure that the principles of practice are applied in proper manner so that it is possible to get long-term benefits from this type of practice. Reference Bolier, L., Haverman, M., Westerhof, G. J., Riper, H., Smit, F., Bohlmeijer, E. (2013). Positive psychology interventions: a meta-analysis of randomized controlled studies.BMC public health,13(1), 119. Boniwell, I., Kauffman, C., Silberman, J. (2014). The positive psychology approach to coaching.The complete handbook of coaching, 158-171. Csikszentmihalyi, M., 2014.Toward a psychology of optimal experience(pp. 209-226). Springer Netherlands. Seligman, M. E., Csikszentmihalyi, M. (2014).Positive psychology: An introduction(pp. 279-298). Springer Netherlands.