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E Finance Er. S Sood
 

E Finance Er. S Sood

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FOR MBA MGMT TRAINEES

FOR MBA MGMT TRAINEES

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    E Finance Er. S Sood E Finance Er. S Sood Presentation Transcript

    • E-FINANCE POWER GROUP..SS
    • 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
    • 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.
      • 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
    • E-TRADING e-trading Equity Derivative IPO Mutual funds
      • Types
      B2B B2C Business-to-business trading Business-to-client trading Investment banks Brokers Individuals Brokers
    • E-TRADING Bank a/c Demat a/c Online facility Trading Allocate funds Buy Sell Block
    • ADVANTAGES
      • Reduced cost
      • Greater liquidity
      • Easy to use.
      • Can be done from anywhere.
      • Increased transparency
    • E-BANKING
      • E-Banking is defined as the automated delivery of new and traditional banking services directly to customers through electronic, interactive communication channels.
    • 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.
    • CONSTRAINTS
      • Training of staffs.
      • Not tech savvy.
      • Age profile.
    • FEATURES
      • Core banking
      • Internet banking
      • Retail banking
      • ATM
    • CYBER CRIMES
      • Unauthorized access to computer systems or networks
      • Email bombing
      • Virus / worm attacks
      • Logic bombs
      • Web jacking
      • Software privacy
      • Denial of service attack
    • 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
    • Sender Receiver Cipher text Encryption Decryption Encryption Plain text Cipher text Decryption Plain text Cipher text : :
    • SECRET KEY CRPTOGRAPHY
      • Uses a single key for both encryption and decryption
      • Application: ATM encryption
      Sender Cipher text Receiver key key
    • 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
    • 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