TY - JOUR AU - Akim M. Rahman AU - Saadi Islam PY - 2022/06/21 Y2 - 2024/03/29 TI - Ensuring risk-free e-banking services in Russian-economy: Policy guidance JF - Frontiers in Management and Business JA - FMB VL - 3 IS - 2 SE - Research Article DO - 10.25082/FMB.2022.02.002 UR - https://www.syncsci.com/journal/FMB/article/view/FMB.2022.02.002 AB - In today’s e-banking, customers compete for comparative time-saving-options. Banks compete for maximizing profits. But many factors are unpredictable. These are perceived risks factors (PR) that undermines growth trends of e-banking in economy country-wise such as Russia. Bank-deposits, bank-accounts are covered by Deposit Insurance System (DIS) in Russian-economy. However, PR-factors are not covered. It causes abuses. Addressing the dilemma, application of Akim’s model – Voluntary Insurance (VI) as a product can be instrumental attracting more individuals using e-banking. Welfare Analyses are used as guidance for ensuring efficiency-cost or competitive pricing of the VI so that it becomes appealing to both customers and Banks. When bank is an insurance-provider, under asymmetric-information, existence of adverse-selection-group is detected where estimated welfare-cost associated with inefficient pricing created by adverse-selection is small. However, advantageous-selection-group in market results opposite. The findings can be helpful in policy-design ensuring risk-free digital-banking, which can attract policy-practitioners in Russia. Using customers-opinions can facilitate empirical studies.   ER -