E-banking technology explained Offshore banking is now a modern business and the rise of internet usage has inevitably led many offshore banks to increase the effectiveness of their e-banking technology to ensure that they are able to offer the highest quality and safest service possible. The popularity of e-banking has evolved over the years, in many respects due to the emergence of the internet as a reliable tool for carrying out a number of bank related activities. Today many banks feature vast e-banking services, whilst other banks and financial institutions are based exclusively online.