The Banking Industry had never thought to change before the Information Technology, after the Information Technology the rest is History.

1. Revolution in Banking
Industry
By Information Technology.

2. Reasons In Change In Banking
System
 The Internet has transformed the economy, industrial sectors,
and business life.
 Banks will also need to make a concerted effort toward
innovation.
 Open innovation models are critical to organizations seeking to
overcome their limitations and attract the best talent to work on
better value propositions.
 Implications of Information Technology in Banking-Cyber Law
and Cyber Security in India
 The Information Technology (IT) Act 2000 as amended in 2008
regulates electronic business transactions and cyber crimes.

4. MAJOR CHANGES THAT
BANKING HAD EVER SEEN.
 Paper Checks Will No Longer Be Used.
 Fintech Companies Will Continue How People Will Pay.
 Development of Core Banking Solution
 New And Updated Regulations Will Be Passed.
 Banks Will Be Partner With Fintech Companies.
 Bitcoins Will Be Disrupt Currencies.
 Fintech Will Pressure Bank To Be More Coustomer Friendly.

5. Paper Checks Will No Longer Be
Used.
 Paying with checks carries so much inherent risk of fraud and identity
theft.
 But in case after the Revolution, Consumers around the world slowly
opted towards online payment, which make the payment very secure
with the use of One Time Passwords(OTP’s), CVV and Card Number
etc., which make the payment Authorized and Secured.

6. Fintech Companies Will Continue
How People Will Pay.
 Fintech Companies will find themselves in the enviable position to
disrupt the relationship of the bank and its customers.
 Companies like MasterCard and VISA are already changing the way
individuals pay for things.
 Younger people no longer take a trip to the bank and stand in line.

9. Development of Core Banking
Solution:
 The Computerized Banking offers great and reliable service but with
the expansion of the Internet the concept of core banking comes into
picture.
 With implementing the CBS, the banks branches are getting
interconnected to common centralized database and hence, were able
to provide Multi-City Banking.

11. New And Updated Regulations Will
Be Passed.
 As the Banking in any country will be deciding the structure of the
country, the Government will take all the precausions that need to
be take care of.
 For example our country had Banking regulation in the following
ways.
 The Banking Regulation Act 1949 ( The First Act.)
 The Banking Regulation Act 1969.
 The Banking Regulation (Amendment) Ordinance 2017.
 The Banking Regulation (Amendment) Bill 2017.

13. Banks Will Be Partner With Fintech
Companies.
 The emergence of new cloud and mobile technologies is giving
banks an opportunity to redefine the banking experience and firmly
establish themselves at the center of the coustomers financial
universe.
 To get there, banks will increasingly look to the growing fintech
ecosystem to accelerate innovation and deliver the business banking
experiences their customers want and deserve.
 Ex: SBI with VISA and Maestro.
 ICICI with VISA and MasterCard.

15. Bitcoins Will Be Disrupt
Currencies.
 Bitcoin is poised to explode in use in the next five years.
 It already has a use case in the gray markets, so its never going to
go away as a currency.
 Its also useful for the cross-border exchanges.
 As we move toward a more cashless society, Bitcoins demand will
continue to rise for gray markets, pushing up its valuation.
 Soon, someone will bring Bitcoin to the masses, and it will explode
in use.

17. Fintech Will Pressure Bank To Be
More Customer Friendly.
 Traditional financial institutions are not equipped to adapt to the
rapidly changing expectations of the modern consumer.
 Expect to see banks collaborate with, partner or acquire fintech
companies that can help them meet the needs of today’s consumer.
 This means we can expect banking to become more consumer
friendly as startups put pressure on the institutions to transform in
order to compete

18. Thank You……….
- A Project By…..
-Talari Srikanth.
-Kishan Lal.
-Divya.
-Mahesh.
-Vamshi.
-Ravi Kumar.