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1. ONLINE BANKING AND SMS
BANKING

2. Team Name : Luminous
Course Information
Course Title : Principles of
Banking
Course Code : BUS223
Submitted By
Name: Pranta Ray
Reg: 2019731064
Dept of Business Administration
Shahjalal University of Science & Technology

3. Online Banking
• Online banking, also known as internet banking, e-
banking or virtual banking.
• It is an electronic payment system.
• That enables customers of a bank or other financial
institution to conduct a range of financial activities
through the financial institution’s website.

4. Advantages of Online Banking
.
• Convenience
• Faster service
• Higher Interest Rate
• Quality Service
• 24*7 Facility

5. Disadvantages of Online Banking
.
• Lack of physical locations
• Dependency on internet connection
• Insecurity
• High start-up cost
• Transaction problem
• Training and development

6. Risk & Sample safety measures
• .
Risk
1. Operational risk
2. Security risk
Safety Measures
1.Change password periodically.
2.Review bank account
frequently.
3.Try to use low limit credit card
for internet transactions.

7. Top 7 Online Banking Apps in Bangladesh
1.NexusPay
2. Citytouch
3. EBL SKYBANKING
4. Prime Bank ALTITUDE
5. Standard Chartered Bank (SC Mobile Banking)
6. BRAC Bank (BRAC BANK Mobile)
7. Mutual Trust Bank (MTB Smart Banking)

8. Online Banking Statistics

9. SMS BANKING

10. SMS BANKING
• SMS banking is a form of mobile banking
• It is a facility used by some banks or other
financial institutions to send messages to customers
mobile phones in the form of alerts.

11. Method of SMS banking

12. Quality of SMS Banking
• .
99%
Availability
High
Performance
Easy
Integration
Worldwide
Reach

13. Advantages of SMS banking
1.Cheque status inquiry
2.Get information easily
3.Anytime access
4.More convenient
5.Quite discrete.

14. Disadvantages of SMS banking
1.Internet issue
2.Information gap
3.Needs of nimble fingers
4.Insequrity
5.Causes radiation

15. Conclusion
• Online Banking: It means accessing bank account and carrying out financial
transactions through the internet on your smartphone, tablet or computer. It's quick,
usually free and allows you to do tasks, such as paying bills and transferring money,
without having to visit or call your bank.
• SMS Banking: This usually integrates with a bank's computer and communications
systems. As most banks have multiple backend hosts, the more advanced SMS banking
systems are built to be able to work in a multi-host banking environment.

16. .