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Infinet

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India's Financial Backbone

India's Financial Backbone

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  • 1. InFiNet - changing the way India banks
    Group - 8
    1
  • 2. Communication backbone of the Indian Banking sector
    Revolutionized interaction among Indian Banks
    Blends communication technologies -VSATs and Terrestrial Leased Lines
    One of world’s most secure technology platform for financial operations
    SP Jain Center of Management, Singapore
    2
    Background
  • 3. The genesis of the system and the Doyens
    SP Jain Center of Management, Singapore
    3
  • 4. Needs of the Banking Sector
    SP Jain Center of Management, Singapore
    4
  • 5. Stake Holders
  • 6. Network Connections
    SP Jain Center of Management, Singapore
    6
    Source: www.idrbt.ac.in/acin/infinet.pdf
  • 7. Architecture
    CHANDIGARH
    JAMMU
    LUCKNOW
    JAIPUR
    DELHI
    KANPUR
    CALCUTTA
    BHOPAL
    AHMEDABAD
    GUWAHATI
    MUMBAI
    PATNA
    NAGPUR
    GOA
    BHUBANESHWAR
    PUNE
    BANGALORE
    HYDERABAD
    CHENNAI
    KOCHI
    THIRUVANANTHAPURAM
    Links of Banks getting
    Connected to
    INFINET Network
    NMS at Hyderabad
    4 X 2 Mbps
    2 X 2 Mbps
    Back up NMS at Mumbai
    2 Mbps with
    ISDN Backup
    Integration of VSAT
    with Terrestrial network
    SP Jain Center of Management, Singapore
    7
  • 8. Salient Features
    CUG level
    VSAT
    Networks
    In-built security
    Redundancy
    &
    Backup
    Source :http://rbidocs.rbi.org.in/rbiadmin/scripts/PublicationReportDetails.aspx?UrlPage=&ID=23
  • 9. Associate Systems
    Secured communication carrier
    Transmission of messages in fixed message formats
    Straight Through Processing
    SP Jain Center of Management, Singapore
    9
    SFMS – Structured Financial Messaging System
    NFS - National Financial Switch
    • Inter-connect ATMs
    • 10. Routing of ATM transactions through inter-connectivity between bank’s switches
  • Applications of InFiNet
    Inter Bank AppliCations
    Electronics Funds Transfer (EFT)
    Real-Time Gross Settlement System (RTGS)
    Shared ATMs Network (NFS)
    Mail Messaging System (MMS)
    Structured Financial Messaging System (SFMS)
    Funds Transfer and payments
    Inter-Branch Reconciliation
    Quick disposal of loans
    Management Information Systems
    Core Banking Solutions
    Treasury Management
    Intra Bank Applications
  • 11. Moving up the Value Chain
    SP Jain Center of Management, Singapore
    11
    National Finance Switching
    Intra-bank connectivity
    Inter-bank connectivity
    INFINET
  • 12. Infinet Revolution
    SP Jain Center of Management, Singapore
    12
    2300 VSATs in 300 cities
    NEFT-  30,000 branches of 84 banks
    RTGS- 23,700 branches of 82 banks average settlement of Rs.60,000 crores daily
    SFMS – Connecting 47,240 branches of 84 banks
    NFS - 14,277 ATMs of 26 Banks, average transactions  65,000 per day.
    Data as of 2007, Source :
  • 13. Thank You
    SP Jain Center of Management, Singapore
    13
  • 14. Usage Model
    Gateways and Integration with
    Other Financial Network Services
    SWIFT
    Network
    Reuters
    Network
    NSE
    Network
    G1 - SWIFT Network
    G2 - Reuters Network
    G3 - Stock Exchange Network
    G4 - Inter Banks/FIs
    G5 - Shared ATMs
    G6 - Clearing Operations Network
    G7 - Internet
    G2
    G3
    G3
    G2
    G1
    G1
    Corporate Network
    G2
    G2
    G2
    G1
    G1
    G3
    G3
    G1
    G3
    Inter Banks/FIs Network
    G4
    Shared ATMs Network
    G5
    G4
    G4
    Clearing Operations
    Network
    G5
    G6
    G5
    Internet
    G7
    SP Jain Center of Management, Singapore
    14