Post on 23-Dec-2014
description
BANKING A
ND FIN
ANCE
EM
ER
GE
NT
TE
CH
NO
L OG
I ES
AN
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EW
OP
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CONTENTS
Introduction to Banking
Corporate Finance
The Smart Branch
Advancements in ATM
Mobile Banking
Security
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WHAT IS BANKING ?
It is a business activity of accepting and
safeguarding money owned by other individuals
and entities, and then lending out this money in
order to earn profit.
Primary Functions Include:-
Accepting Deposits
Granting Loans and Advances.
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SECONDARY FUNCTIONS
• Issuing letters of credit, traveller’s cheques etc.
• Provide safe deposit vaults.
• Provide Forex services.
• Transferring money from one place to another.
• Issue Demand drafts and Payorders.
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BEFORE COMPUTERIZATION
• Large no. of people waiting in queues to
avail services.
Service time very high
• Large no. of files to manually record
and maintain data.
Information search was very difficult
• Wastage of time…
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IT IN BANKING
• RBI installed its first computer in 1968.
• 1983 agreement provided the independence to banks
for making their own computerization agreements.
• Since then, IT has become an integral part of banking
in India.
• Banks believe that by 2017, every consumer will be
using mobile banking
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THE FUTUREFuture of Banking is Mobile…
Customized ‘Talk Transfer’ Service
IPB (Intelligent Personal Budgeting)
Personal Financial Advice (How, When, Where to
save)
Computers will intelligently analyze your spending
patterns and give customized recommendations.Frictionless Banking – end of endless queues
Self-Pay – scan QR codes to pay
And the possibilities are immense… 7
CORPORATE FINANCE
XSP V5 PLATFORM
•O F F E R S A RA N G E O F S O LU T I O N S T O A U T O M AT E C O R P O RAT E AC T I O N S .
• X S P V 5 DATA M A N AG E M E N T
• X S P V 5 S W I FT I S O
• X S P V 5 N O T I F I C AT I O N S
• X S P V 5 E T RA N
• X S P V 5 E N T I T L E M E N T S
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FINANCIAL MARKETS
RIMES BDS (BENCHMARK DATA SERVICE)
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FINANCIAL MARKETS
RIMES BDSD A T A S O U R C I N G A N D C O V E R A G E
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FINANCIAL MARKETS
RIMES BDS
D A T A I S S U E M A N A G E M E N T
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FINANCIAL MARKETS
RIMES BDSS Y S T E M R E A D Y D A T A
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FINANCIAL MARKETS
RIMES BDSD A T A A G G R E G A T I O N & C U S T O M I Z A T I O N
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FINANCIAL MARKETS
RIMES BDSC U S T O M E R S E R V I C E 2 4 / 7
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FINANCIAL MARKETS
OPTIMISE
• A RC H I T E C T U R E O F D E U T S C H E BÖ R S E
G R O U P
• S TAT E - O F -T H E -A RT T RA D I N G S Y S T E M ..
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SMART B
RANCH
BU
I LD
I NG
TH
E B
RA
NC
HE
S O
F TH
E F
UT
UR
E
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ARE BANK BRANCHES STILL RELEVANT?
• More than 60% of banking customers are not interested in using other channels than the branch channel
• Nearly 80% of European customers continue to vist branches personally to conduct transactions
• In the coming years, over 40% of the banking population shall continue to use only the branch network 17
THE BANK BRANCH – OVER THE YEARS
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AN INTRODUCTION TO SMART BRANCHES
• A networked service centre that drives Open Business
Networks
• Thinly staffed collaborative service centres based on open
standards and connected to internal and external service
networks through integration hubs
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HOW DO YOU MAKE A BRANCH SMART?
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THE BRANCHES OF THE FUTURE
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ATM
F OR
TH
E F
UT
UR
E…
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A GLIMPSE
• 3D touch-less ATM
• Facial recognition
• Avatars and iconography
• Audio lie detection
• Gold to go
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MOBILE B
ANKING
BA
NK
I NG
IN
YO
UR
HA
ND
S
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WHY MOBILE BANKING IS IMPORTANT?
• Mobile payments to top $1 TRILLION by 2015!!!!
• Contactless payment will account for 37%
• Customers comfortable with mobile financial transactions increased by 6%
• Consumers are warming to ‘mobile wallet’ concept.
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BANKS SHOULD NOT MISS THIS
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EXPECTED TRENDS IN 2013
Voice
Integration across channels
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SECURITY
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SECURITY IN ONLINE BANKING
• Image and Phrases• One Time Passcode(OTP)• Fraud Monitoring
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SECURITY FOR MOBILE BANKING
NFC technology
• Tapping of card along with password and OTP for making mobile based Credit Card transactions
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REFERENCES
1. International Securities Exchange - www.ise.com
2. Xcite Solutions Plus – www.xps.com
3. KPMG Survey on Mobile Transfers April 2012
4. Google Survey on Mobile Expectations October 2012
5. Net Level Report – IBM Innovation Week - 2006
6. Creditcards.com- Futuristic ATM machines
7. Citibank.com- Token for online banking
8. Avanade (http://www.avanade.com/en-us/Pages/default.aspx)
9. Infusion Development (http://www.infusion.com/)
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THANK YO
U!
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