Advanced Banking Technology Modern Tools of Banking

2. -It’s a dream of Mr. Joe Trafton

3. Meaning:
E-banking
Paperless Banking
Making the banking transaction easily
and to avoid the papers in the transactions
instead of papers using through electronic
devices using in the day today activity in the
banking sector.

4. Meaning:
Banks are constantly looking at
ways to make their processes more
productive and Environment
friendly,
with the use of technology, old
methods are slowly giving away to
newer & more efficient process.

5. Paperless Banking includes:
It’s a base for “green banking” and green concept in the banking
sector.
Mobile Banking
E-pass book ,
Internet Banking
Cheque less, Tablet
Online banking( purchasing)
Bill Payment, Through plastic cards

6. Functions of paperless banking:
A. Cash Deposits
B. Cash withdrawal
Fund Transfer
Balance inquiry
E-payment

7. Green Banking History:
First Green Banking concept adopted by
“COMMUNITY BANK” in the year 1999
,It is is in United states and the founder
is” Ken Laroe”.
This bank is known its focus on
environment friendly banking practices,

8. An Overview:

9. Why should we go for Paperless?

10. To increase the profitability and productivity
of the Banks.
To give the fast and accurate services to the
customer.

11. To save the time and energy of the both
customer and Banker.
 To conserve the Forest and trees.
Acacia, Bamboo, Neelagiri, other woods.
 Involving in CSR and Ecofriendly products

12. Paperless Banking Machine
Swipe and Withdraw
Swipe and Deposit

13. State Bank of India

14. Flash back:
In 1990’s Desktop computer= Rs 1.75.000/-
But,
Today 2014 Desktop computer= Rs 15000/-
Earlier days banking sector need more capital
to invest advanced electronic technology into
banks and also lack of knowledge to the both
banker and customer.
Today everywhere we can see Paperless office
concept adapting…

15. Benefits of paperless banking:
Enhanced image of an innovator:
Early adapter of paperless approach
Use of tablet for routine activities
Customer can signature on table

16. Improved teller efficiency :
Data entry errors free
Entire customer satisfaction
Quick process, transaction
Customer profile on fingertip

17.  Improved customer experience:
 * No filling up of forms
 * improved sense of security
 * Self-bank account opening in
internet.

18. Paper+ V/S Paper-
1.Routing N storage costs
2.Locating lost documents
3.Sharing and collaborating
4.Remote access
5.Back-up /disaster recovery
6.Dust and damaged papers
7.Resulting past working (Auditing)
8.Preparation of financial reports.
Ex. Govt. dept. Old records

19. How it works??

20. Challenges of paperless banking
Technological know how 2
Awareness, knowledge
Security and safety thoughts
Avoiding, ignoring
Its complex

21. Limitations:
 E-waste
 Some time not user friendly
 Hacker and insecurity feeling
 Not so popular
 Electronic device and power is required
 Not applicable all the time

22. Conclusion:
 Need for E-waste proper management and
recycling point and guiding the advanced
technology to make popular this paperless
banking.