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Banking technology in india slide show
This document discusses banking technology in India, including: 1) It outlines the evolution of banking technology from basic ledger posting machines in the 1980s-90s, to core banking solutions in the 2000s, to modern technologies like mobile/internet banking, analytics and cloud computing now. 2) It provides current statistics on digital transactions growth in India, with over a billion digital transactions processed monthly through systems like UPI and IMPS. 3) It examines trends shaping Indian banking technology, such as the increased role of regulators in promoting fintech innovation, the rise of digital-only banks, and new technologies around data, analytics and blockchain.
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Banking technology in india slide show
- 1. Banking Technology inIndia Lalit Mohan S
- 2. Outline of thepresentation • Context of Banking in India • Evolution of Banking Technology in India • Current Statistics on Digital Transactions • Trends in Indian Banking Technology 2
- 3. Indian Banking Structure ReserveBank of India Commercial Public Sector Private Sector Small Finance Payment Foreign Regional Rural Cooperative State Cooperative District Central Urban Cooperative 3 Lending Institutions Primary Agricultural Cooperative Societies State Finance Companies Non Banking Finance Institutions Housing Finance Companies Other Institutions NABARD SIDBI CCIL Academic and Research CAB IDRBT NIBM CAFRAL IGIDR
- 4. Technology Evolution inIndian Banking 1980-90 1991-00 2001-10 2011-Current 4 Advanced Ledger Posting Machine Total Branch Automation Core Banking Solutions Other Applications for Servicing Internet and Mobile Banking Data Warehouse and CRM Social Media, Mobile, Analytics and Cloud Computing
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- 6. Payment Systems inIndia 6
- 7. Indian Payment Systems– NEFT and RTGS 7 ½ hour Settlement for NEFT 3 seconds for RTGS ISO 20022 Messaging Level playing field with SWIFT as Global Competitor
- 8. Indian Payment System- UPI 8Made in India – Rupay and Switch
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- 10. Transaction Growth sinceNov’16 (in millions) 10 SFMS – NEFT & RTGS, Internet, Wallet & Mobile NPCI – IMPS, CTS, UPI, USSD
- 11. India’s largest BankComparison with largest Chinese Bank and a US Bank with Similar Employee Strength Category Wells Fargo Chinese Bank (ICBC) State Bank of India Number of Customers 70 Million 530+ Million 420 Million Number of Employees/Staff 273,000 + 461,749 278,000 Number of Branches 8500 16,429+ 24,000+ ATMs Count include Micro-ATM and POS machines 13,000 ATMs 100,083+ ATMs 59,000+ ATMs 200,000+ POS and Micro-ATMs Number of Transactions (NEFT and RTGS) ?? ?? 11,598,611 Number of IT Staff 25,000 + ?? ~ 2000-3000 Number of Facebook friends 1+ Million 600+ 13+ Million Global Ranking 7 1 232 11
- 12. Digital Banking andSMAC 12 JAM Jan Dhan Yojana AadhaarMobile Indian Banking Community Cloud Analytics Social Media
- 13. FinTech Companies inIndia 13 Security • 2FA, Encryption, Biometric Analytics • Fraud Detection and Pattern Analysis • Chatbots and Advisories • Credit Scoring • Reconciliation and NPA Prediction • Originations • Payday and P2P Loans • Micro Analytics Systems • Microservices / API Banking • IoT and wearables • Omni Personal Financial Management Robotic Process Automation Gamification, VR and AR Usability Blockchain
- 14. Regulator Role inTechnology Promotion • Dr Rangarajan Report • RBI Vision document • RBI Comments on Cloud Adoption • Sandboxing, Application Contest, Hackathons for FinTech • Establishment of IDRBT – • NPCI, CCIL, IFTAS • Framework on Security, Digital Banking, CRM, Cloud Computing, Social Media, Green Banking, Vendor Management, etc 14 Safegaurding • IT Act • NCIIPC • CERT-In and FinCERT • NATGRID • FIU-IND • ReBIT • Cyber Security Policy • IB-CART • ISO 27001 • VAPT requirements
- 15. Technology Landscape ofBanking Sector • Services - TCS, Infosys, Wipro, Oracle, IBM, HP, etc • Technologies • Java and Unix (HP/IBM/Oracle) for Critical Applications • Microsoft Technologies for Internal Applications • Database – Oracle • Slow in adoption of Open source • Aggressively exploring Cloud technologies • IT Management – COBIT, ITIL 15
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- 17. References • IDRBT BankingTechnology Review – 2017 and 2016 • IDRBT Best Practices – Cloud FAQ, Digital Banking, Blockchain • RBI and NPCI Stats • PWC FinTech 2017 report • Acknowledging multiple other sources that provided pictures/diagrams 17
Editor's Notes
- #2 SBI intouch branch
- #4 Count.. Sector wise Placement on Top Banks of the world IBA, NAFCAUB, State Federations, Political involvement Allahabad Bank – oldest..1865
- #5 ECIL story Developing own CBS.. IOB.. Polaris, Infy, TCS, Oracle/flexcube.. UCB story ! Infy and TCS story ! What gets into a CBS !
- #6 BIAN IFX SOA.. No mainframe CIBIL, Experian, Equifax
- #8 On Cloud – India innovation Volume of transactions IDRBT CA OTP IFSC
- #9 India card – Rupay, JanDhan Yojana eKYC DBT UPI answer to Wallet BBPS FI-BC USSD BHIM
- #10 Recent data !
- #11 Andhra Bank and Central Bank first Credit Card Suvidha and HSBC – ATM..1987 2009 ATM.. Banks interconnect fee ICICI Bank..
- #12 1000 tps.. 4000 tps tested Largest CBS database in the world
- #13 Bandhan, IDFC story ! India Mobile and internt opportunity for JAM Payment Banks approach Jeevan Praman BHIM WhiteFi Biometric
- #15 XBRL ADF
- #16 Hadoop Mobile Apps
- #17 25 Billion Transactions 2017-2018 4 times of GDP.. India GDP – 2 Trillion.. 4-5 trillion… 20 trillion transactions !