E Finance Er. S Sood

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FOR MBA MGMT TRAINEES

FOR MBA MGMT TRAINEES

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  • 1. E-FINANCE POWER GROUP..SS
  • 2. E-FINANCE
    • E-Finance is a financial transaction that depends on the internet or a similar a network to which house-holds or non-financial enterprises have access
            • - OECD
    • E-Finance has a great potential to improve the quality and scope of financial services and expand opportunities for covering trading risks and can widen access to financial services for a much greater set of retail and commercial clients by offering more cost effective service
            • - World Bank
  • 3. INTERNET USAGE IN INDIA
    • World wide – 300 million
    • India – 4.8 million
      • Mumbai – 18%
      • Chennai & Delhi – 10% each
    • 89% of users use for e-mail.
  • 4.
    • Internet exposure by age
      • 25-35 yrs – 31%
      • 20-24 yrs – 26%
      • >35 yrs - 19%
    • ISPs in India
      • VSNL – 3,44,000
      • Satyam – 1,29,000
      • DTS – 96,000
  • 5. E-TRADING e-trading Equity Derivative IPO Mutual funds
  • 6.
    • Types
    B2B B2C Business-to-business trading Business-to-client trading Investment banks Brokers Individuals Brokers
  • 7. E-TRADING Bank a/c Demat a/c Online facility Trading Allocate funds Buy Sell Block
  • 8. ADVANTAGES
    • Reduced cost
    • Greater liquidity
    • Easy to use.
    • Can be done from anywhere.
    • Increased transparency
  • 9. E-BANKING
    • E-Banking is defined as the automated delivery of new and traditional banking services directly to customers through electronic, interactive communication channels.
  • 10. WHAT LED TO E-BANKING
    • To meet the needs of the customers in a better and efficient way.
    • To compete with technology savvy private banks.
    • To make the work life simple and easy.
  • 11. CONSTRAINTS
    • Training of staffs.
    • Not tech savvy.
    • Age profile.
  • 12. FEATURES
    • Core banking
    • Internet banking
    • Retail banking
    • ATM
  • 13. CYBER CRIMES
    • Unauthorized access to computer systems or networks
    • Email bombing
    • Virus / worm attacks
    • Logic bombs
    • Web jacking
    • Software privacy
    • Denial of service attack
  • 14. NETWORK SECURITY
    • CRYPTOGRAPHY
    • Tool for protecting information, computer security
    • It is the process of altering the message to hide the meaning from adversaries who might intercept them
    • cryptographic tools - secret key encryption, public key encryption, random number generators and hash function
  • 15. Sender Receiver Cipher text Encryption Decryption Encryption Plain text Cipher text Decryption Plain text Cipher text : :
  • 16. SECRET KEY CRPTOGRAPHY
    • Uses a single key for both encryption and decryption
    • Application: ATM encryption
    Sender Cipher text Receiver key key
  • 17. PUBLIC KEY CRYPTOGRAPHY
    • Uses one key for encryption and another for decryption
    • Public key – known to every one
    • Private key- receiver only knows
    Sender Cipher text Receiver Public key Private key
  • 18. CONCLUSION
    • E-Finance saves lot of time and makes life simple and easy.
    1.5 lakhs new users everyday More and more people become aware Better are the chances for the utility of e-finance