cameroon gce advanced level 2025 professional English 3

Here is the extracted text from the image:

EDITING AND PROOFREADING (30 marks)

Edit the following text carefully paying particular attention to mistakes. These include: spelling, transposition, omission, capitalization, punctuation, word separation, amalgamation, run-ons, wordiness, concord, tenses, tense separation, word order, redundancies, word choice, malapropisms, confusables, line spacing, inconsistency in style, parallelism and paragraphing. Then write the correct version in your answer booklet.

banking like must industries, have been transform by technological inovation. This have make it possible to offer alternative delivery chanels for services such as automated Teller Machines (ATMs). Electronic Banking (internet banking), credit and debit cards, and the execution of payments through Electronic funds transfer at the Point of Sale (EFT-POS). Electronic banking (internet banking) appears to be the most challenging to banks. Almost all bank operating in different Africa countrys has already been connected to the world-wide web for banking services and products, as a prove of acceptance of electronic banking.

The internet as a distribution channel offers several clear advantage to financial services companies. One of such advantages is the ability to utilize the selfservice model to deliver complex products or services to the world wide audience without adding considerably to infastructure and personel resources. These could have considerable impact on revenues and profitable growth. specifically financial services companies could use internet banking to present information with too way asynchronous interaction, rimote transaction has alot of image enhancing attributes with internet banking, a bank can create an image of innovation. It can also enhance the quality of the banking intarection with her costumers, and gain considerable Market and mind share. Internet banking there fore provides a dilevery channel that can espand a banks geographical reach, increase customer convenience and reduce transaction cost. is it said to be the only solution to banking business dispite all odds it may present.

It however exposes banks for several risk. Given the fact that the internet utilize a public net work transmission medium, a bank and it’s systems could be exposed risks of unauthorised assess and hakkers attacks. This may lead to service disruption, spurious transactions or loss of fund. Beside considerable risks arise from the in ability to positively identify rimote customers accesing the system from accross the world, and the ability to ensure that transactions originated by such customers can be relied on. since internet banking is not only a disruptive channel and also a strategic weapon, a bank exposes itself to considerable strategic risks when this is ignore. In such a case the involvement in internet banking is usually not well planned, managers donot understand the technology, the infrastructure is not adequate, sufficient attention is not paid to monitring internet banking and probably worse of all, it does not feet into the bank’s strategic plans. In this situation, banking is out side the bank’s vision, it becomes a time bomb