2. E-BANKING
Online banking , also known as internet banking,e-banking or
virtual banking, is an electronic payment system that enables
customers of a bank or other financial institution to conduct a
range of financial transactions through the financial
institution’s website. The online banking will typically connect
to or be part of the core banking system operated by bank and
is in contrast to branch banking which was the traditional way
customers accessed banking services.
3. Definition of e-banking
E-banking is defined as the automated delivery of new and
traditional banking products and services directly to customers
through electronic, interactive communication channels.
4. Features of e-banking
A bank customer can perform non-transactional
tasks through online banking, including-
• viewing account balances
• Viewing recent transactions
• Downloading bank statements, for example in PDF
format
• Viewing images of paid cheque
• Ordering cheque books
• Downloading periodic account statements
• Downloading applications for M-banking-banking etc...
5. Continue..
Bank customer can transact banking tasks
through online banking including-
• Fund transfer between the customer’s linked accounts
• Paying third parties, including bill payments and third
party fund transfer
• Investment purchase of sale
• Credit card applications
Financial institution administration
Transaction approval process
6. Advantages of e-banking
• Permanent access to the bank
• Lower transaction cost/general cost reduction
• Access anywhere using mobile or computer
• Less time consuming
• Very safe and secure method
• Helps to transfer the money immediately and
accurately
• Easy to use
7. CORE BANKING
Core banking is a banking service provided by a
group of networked bank branches where
customers may access their bank account and
perform basic transactions from any of member
branch offices. Core banking is often associated
with retail banking and many banks treat the
retail customers as their core banking customers
8. Elements of core banking
• Making and servicing loans
• Opening new accounts
• Processing cash deposits and withdrawals
• Processing payment and cheque
• Calculating interest
• Customer relationship management activities
• Managing customer accounts
• Establishing interest rate
9. Features of core banking
• Customer relationship management features
including 360 degree customer view.
• The ability to originate new products and
customers.
• Banking finance including general ledger abd
reporting.
• Best practice workflow process.
• Content management facilities.
• Security control and audit capabilities.
• It help maximize growth
• Increase productivity.
10. Advantages of core banking
• Limited professional manpower to be utilized more
effectively
• Customer can have anywhere ,more convenient and
easier banking.
• ATM,Interest banking,m-banking,payment gateways
etc..are available
• More strong and economical way of information system.
• Reduction in branch manpower.
• Quick and accurate implementation of policies
• Innovative
• Electronic transaction with other institutions.
• Increased speed in working etc…..
