“FINANCIAL MANAGEMENT”<br />PRESENTATION ON ELECTRONIC BANKINGKEERTHI HNHNKEERTHI@GMAIL.COM<br />
What is E-banking?<br /><ul><li>In a broad sense, it is the use of electronic means to transfer funds directly from one ac...
The term online banking was first started in 80’s
E-banking is a delivery of banking services and products through electronic channels, such as the telephone, the internet,...
E-banking is an upshot of Globalization.</li></li></ul><li>E-banking vis-A-vis Traditional banking<br /><ul><li>Speed
Accessibility
Electronic documentation
Time saving
Satisfaction to the customer
Complimentary to traditional banking
Geographical boundaries surpassed
Scince rather than art</li></li></ul><li>Why  E-banking?<br />From the banking point of view;<br /><ul><li>Differentiation...
  A combination of regulatory and competitive reasons.
  Stress on branchless banking.
  Increasing volumes of banking transactions.
  Providing customers with cost effective services </li></ul>From customer point of view;<br /><ul><li>    Convenience
    Low cost banking</li></li></ul><li>General Types of e-banking(RBI)<br />
Modes of e-banking<br /><ul><li>Automated teller machine
Tele banking
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E-Banking 2009

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E-Banking 2009

  1. 1. “FINANCIAL MANAGEMENT”<br />PRESENTATION ON ELECTRONIC BANKINGKEERTHI HNHNKEERTHI@GMAIL.COM<br />
  2. 2. What is E-banking?<br /><ul><li>In a broad sense, it is the use of electronic means to transfer funds directly from one account to another, rather than by cheque or cash.
  3. 3. The term online banking was first started in 80’s
  4. 4. E-banking is a delivery of banking services and products through electronic channels, such as the telephone, the internet, the cell phone, etc.
  5. 5. E-banking is an upshot of Globalization.</li></li></ul><li>E-banking vis-A-vis Traditional banking<br /><ul><li>Speed
  6. 6. Accessibility
  7. 7. Electronic documentation
  8. 8. Time saving
  9. 9. Satisfaction to the customer
  10. 10. Complimentary to traditional banking
  11. 11. Geographical boundaries surpassed
  12. 12. Scince rather than art</li></li></ul><li>Why E-banking?<br />From the banking point of view;<br /><ul><li>Differentiation of products from the others.
  13. 13. A combination of regulatory and competitive reasons.
  14. 14. Stress on branchless banking.
  15. 15. Increasing volumes of banking transactions.
  16. 16. Providing customers with cost effective services </li></ul>From customer point of view;<br /><ul><li> Convenience
  17. 17. Low cost banking</li></li></ul><li>General Types of e-banking(RBI)<br />
  18. 18. Modes of e-banking<br /><ul><li>Automated teller machine
  19. 19. Tele banking
  20. 20. Plastic cards
  21. 21. E-cheque
  22. 22. Internet banking
  23. 23. Virtual banking</li></ul>Specific technology discussed,<br /><ul><li>ATM
  24. 24. Internet banking
  25. 25. Mobile banking
  26. 26. Telephone banking
  27. 27. Debit cards</li></li></ul><li>How ATM’s work?<br />Bank computer<br />Host computer<br />ATM<br />
  28. 28. The Future of<br />ATMs<br />Instant cash deposit<br />Print on Demand<br />Instant cheque deposit<br />Virtual cash on your mobile phone<br />Pay income tax<br />Voice aided Machines<br />More secure transaction<br />Braille on keyboards<br />
  29. 29. Internet banking<br />
  30. 30. How mobile banking work?<br />BANK DATABASE<br />
  31. 31. Plastic cards<br />
  32. 32. Tele banking<br />Customer<br />Bank<br />Enquiry<br />Request facility<br />Loans <br />Cheque Status<br />Fixed Deposit details <br />
  33. 33. Multidimensional role of RBI<br /><ul><li>Electronic Clearing Service (ECS)
  34. 34. Electronic Funds Transfer (EFT)
  35. 35. Real Time Gross Settlement (RTGS)
  36. 36. National Electronic Funds Transfer (NEFT)
  37. 37. Cheque Truncation System (CTS)</li></li></ul><li>Advantages of E-banking <br /><ul><li>Transparency and disclosure practices
  38. 38. Facilitate the offering of more services
  39. 39. Increase customer satisfaction and loyalty
  40. 40. Competitive advantage for banks
  41. 41. Reduce customer attrition
  42. 42. Reduces the time, cost and effort in the interaction</li></li></ul><li>risks and issues involved in e-banking<br /><ul><li>Risk factors
  43. 43. Transaction and security risk
  44. 44. Technology risk
  45. 45. Strategic risk
  46. 46. Legal risk
  47. 47. Cross border risk
  48. 48. Issues
  49. 49. Legal issues
  50. 50. Regulatory issues
  51. 51. Supervisory issues</li></li></ul><li>Risk management principles by Basel committeerecommendation<br /><ul><li>Board and management oversight
  52. 52. Establishment of a comprehensive security control process
  53. 53. Due diligence and third party dependencies
  54. 54. Security controls
  55. 55. Authentication of e-banking customers
  56. 56. Non repudiation and accountability for e-banking systems
  57. 57. Establishment of clear audit trails for e-banking transactions
  58. 58. Confidentiality
  59. 59. Legal reputational risk management
  60. 60. Privacy of customer information
  61. 61. Appropriate disclosure for e-banking services
  62. 62. Capacity and continuity</li></li></ul><li>Developments in E-banking in the world:<br /><ul><li>Sweden
  63. 63. South Korea
  64. 64. Finland</li></li></ul><li>Future challenges ahead for Indian banks<br /><ul><li>Lack of Education-on the part of staff
  65. 65. Customer involvement
  66. 66. Global banks competition
  67. 67. Demand side pressure due to low cost products</li></li></ul><li>Conclusion<br /><ul><li>Technology advances and increasing number of internet users.
  68. 68. Increasing usage of mobile phones is going to revolutionize the banking culture in near future.
  69. 69. E-banking has become a necessary survival weapon and is fundamentally changing the banking industry worldwide.
  70. 70. Decades ago, E-banking was a strategic advantage, nowadays; it is a business reality, if not a necessity. </li>
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