Is E-Banking really the right way to succeed in the future? This report presents hard facts and unique opinions that will help you understand and determine what is the right decision for your business. This report covers the development of internet banking in the UK, the importance of system development and analysis, a report on the current student banking market, discussing the fundamentals of current laws and legislations and finally of the importance of protecting yourself, but especially your customers with relevant security concerns. External and internal factors contribute to the rapid development of E-Banking. As more and more people accept the convenience and comfort of using the Internet for banking, the modern bank or building society must react and meet the new demand. Since customers can now switch banks via the Internet in minutes, it is important to understand this growing lifestyle.1. Development of electronic banking: The Bank of Scotland launched Internet banking in the late 1980s, but only recently has it really started to make progress. In my opinion, the main attractions of E-Banking are the 24-hour availability of account information, the convenience of transacting from the comfort of your home and the growing confidence in the security of the Internet. This has led to enormous growth for electronic banking over the past decade. o In 2005, the number of users was estimated at 12.1 million. Electronic banking will therefore continue to increase spending in this area by 17.5%, reaching around £705 million in 2009. o In 2003, 10 million online money accounts were active at United Kingdom (this was the highest figure of any European country).1.1 So, what does the future hold for internet banking? For the modern man, time is becoming more and more precious, they are less enthusiastic about wasting their time, in things like long queues at banks, poor customer service or be limited to office hours. Now, thanks to the Internet, thanks to E-Banking, you can carry out most of the simple banking procedures in a few minutes and at any time. If we put all of these factors into context, we can see a growing acceptance of Internet security, a growing need for convenience. and time-saving options thereby creating steady development and bright future for E-Banking.2. Systems development and analysis. Choosing a new technology to boost a business has many different aspects that need to be considered..