The document analyzes transaction data from May and June 2021 for a bank. It finds that in June, digital transactions decreased by 2.5% while branch transactions remained steady. Within digital transactions, ATM withdrawals and mobile banking were most common. The document recommends that the bank create more awareness of digital channels like mobile banking and ATMs to reduce branch traffic, and develop strategies to increase use of services like internet banking and POS which currently have low transaction volumes. Overall, the analysis shows opportunities to shift more customers to using digital alternatives instead of branches for common transactions.
The document discusses the opportunities for digital banking in Pakistan. It notes that Pakistan has a growing population of smartphone and internet users, presenting opportunities for digital financial services. However, digital banking penetration remains relatively low in Pakistan compared to other Asian countries. The document outlines key trends like growing cellular networks and e-commerce that can enable digital banking. It also analyzes customer demographics and banking statistics to identify priority segments for digital onboarding and cross-selling of products. Finally, it discusses challenges for banks in developing digital strategies and identifies focus areas like regulations, infrastructure, data analytics and customer experience.
The payments landscape has changed significantly and bankers must adapt or be disintermediated by those changes. Check volume will continue to diminish, remote
deposit capture will continue to proliferate, and coin and currency are here to stay.
Online and mobile banking, coupled with increased ATM functionality, will drive consumer banking while non-bank payments and digital wallet services such as Apple Pay are becoming more widely accepted among both consumers and their financial institutions.
New regulations and increased regulatory scrutiny will continue to drive up banks’ costs, while new risks will necessitate improved governance, risk management,
automation, and compliance systems. Banks must re-engineer their commercial deposit products, operations, risk management and cost structures in order to remain competitive and profitable. All of this affects the way that businesses interface with their banks and the costs they bear as customers.
This document describes a payment platform that aims to accelerate commerce through an all-in-one payment solution. It discusses how previous generations of payment gateways evolved to incorporate more functionality. The described platform provides online and mobile checkout, virtual terminals, payments for platforms/marketplaces, subscriptions, and invoicing capabilities. It also includes built-in products like shopping carts, accounting, risk tools, and marketing/sales features to help businesses manage payments and sales.
The document discusses initiatives to promote financial inclusion in India through banking the unbanked, especially in rural areas. It outlines some key challenges like large rural population, financial illiteracy, and infrastructure issues. Several initiatives have been taken like "no-frills" bank accounts and business correspondent models, but impact has been limited. It proposes leveraging growing mobile technology and networks to provide basic banking services to more people through a framework involving backend systems and front-end access through mobile phones or business correspondents. An inter-ministerial group was constituted to develop this framework.
Electronic banking, or e-banking, describes transactions that take place between companies, organizations, individuals, and their banking institutions using electronic communication channels. While some banks offered early forms of e-banking in the 1980s, growth was slow due to lack of interested users and high costs. However, the rise of the internet in the late 1990s made people more comfortable conducting transactions online, helping e-banking to expand.
"Digital and Mobile Payment Systems in Turkey" presentation in "Understanding FinTech in Islamic Finance Workshop" on February 20-21 2018 at Marmara Taksim Hotel, Istanbul
- The document discusses Reserve Bank of India's efforts to promote financial inclusion through the Business Correspondent (BC) model, which allows banks to provide services in unbanked rural areas through retail agents.
- It summarizes a case study on the implementation of the BC model by State Bank of India and Syndicate Bank in Khajipet Mandal, Andhra Pradesh, finding that both banks have seen growing enrollments and transactions through BCs over time, though SBI has higher enrollments despite starting operations later.
- Key aspects of the BC model discussed include selection criteria for BCs, products offered, liquidity management, and monitoring systems employed by the two banks.
More and more customers are seeing mobile as their banking channel of choice, proven by a growing body of papers. To cite some, Cimigo revealed that for every 10 respondents who are Vietnamese consumers, 3 are using some forms of e-payments including mobile banking application and e-Wallet. Or Backbase predicted that mobile transactions in Vietnam will increase by 300% between 2021 and 2025, driven by mobile payments. As banks build more creative features and integrate with third-party financial products, mobile banking application is no longer a tool for remote money transaction; it has become a financial lifestyle platform that offers a single hub for all banking services. In this article, we get to explore various innovative features that a bank might consider for its mobile banking application, with the goal to keep up with the Digital Banking upsurge.
The document discusses the opportunities for digital banking in Pakistan. It notes that Pakistan has a growing population of smartphone and internet users, presenting opportunities for digital financial services. However, digital banking penetration remains relatively low in Pakistan compared to other Asian countries. The document outlines key trends like growing cellular networks and e-commerce that can enable digital banking. It also analyzes customer demographics and banking statistics to identify priority segments for digital onboarding and cross-selling of products. Finally, it discusses challenges for banks in developing digital strategies and identifies focus areas like regulations, infrastructure, data analytics and customer experience.
The payments landscape has changed significantly and bankers must adapt or be disintermediated by those changes. Check volume will continue to diminish, remote
deposit capture will continue to proliferate, and coin and currency are here to stay.
Online and mobile banking, coupled with increased ATM functionality, will drive consumer banking while non-bank payments and digital wallet services such as Apple Pay are becoming more widely accepted among both consumers and their financial institutions.
New regulations and increased regulatory scrutiny will continue to drive up banks’ costs, while new risks will necessitate improved governance, risk management,
automation, and compliance systems. Banks must re-engineer their commercial deposit products, operations, risk management and cost structures in order to remain competitive and profitable. All of this affects the way that businesses interface with their banks and the costs they bear as customers.
This document describes a payment platform that aims to accelerate commerce through an all-in-one payment solution. It discusses how previous generations of payment gateways evolved to incorporate more functionality. The described platform provides online and mobile checkout, virtual terminals, payments for platforms/marketplaces, subscriptions, and invoicing capabilities. It also includes built-in products like shopping carts, accounting, risk tools, and marketing/sales features to help businesses manage payments and sales.
The document discusses initiatives to promote financial inclusion in India through banking the unbanked, especially in rural areas. It outlines some key challenges like large rural population, financial illiteracy, and infrastructure issues. Several initiatives have been taken like "no-frills" bank accounts and business correspondent models, but impact has been limited. It proposes leveraging growing mobile technology and networks to provide basic banking services to more people through a framework involving backend systems and front-end access through mobile phones or business correspondents. An inter-ministerial group was constituted to develop this framework.
Electronic banking, or e-banking, describes transactions that take place between companies, organizations, individuals, and their banking institutions using electronic communication channels. While some banks offered early forms of e-banking in the 1980s, growth was slow due to lack of interested users and high costs. However, the rise of the internet in the late 1990s made people more comfortable conducting transactions online, helping e-banking to expand.
"Digital and Mobile Payment Systems in Turkey" presentation in "Understanding FinTech in Islamic Finance Workshop" on February 20-21 2018 at Marmara Taksim Hotel, Istanbul
- The document discusses Reserve Bank of India's efforts to promote financial inclusion through the Business Correspondent (BC) model, which allows banks to provide services in unbanked rural areas through retail agents.
- It summarizes a case study on the implementation of the BC model by State Bank of India and Syndicate Bank in Khajipet Mandal, Andhra Pradesh, finding that both banks have seen growing enrollments and transactions through BCs over time, though SBI has higher enrollments despite starting operations later.
- Key aspects of the BC model discussed include selection criteria for BCs, products offered, liquidity management, and monitoring systems employed by the two banks.
More and more customers are seeing mobile as their banking channel of choice, proven by a growing body of papers. To cite some, Cimigo revealed that for every 10 respondents who are Vietnamese consumers, 3 are using some forms of e-payments including mobile banking application and e-Wallet. Or Backbase predicted that mobile transactions in Vietnam will increase by 300% between 2021 and 2025, driven by mobile payments. As banks build more creative features and integrate with third-party financial products, mobile banking application is no longer a tool for remote money transaction; it has become a financial lifestyle platform that offers a single hub for all banking services. In this article, we get to explore various innovative features that a bank might consider for its mobile banking application, with the goal to keep up with the Digital Banking upsurge.
APIdays Singapore 2019 - How Platforms & APIs are changing the way that 3 bil...apidays
The document discusses how platforms and APIs are changing banking for 3 billion people. A shift to digital payments is occurring across Asia, driven by mobile adoption, e-commerce, and younger demographics. While fees generate revenue, platforms will monetize the transaction data. APIs are key for fintechs and banks to provide new services. China's mobile payments surpassed the US in transaction value in 2017. Platforms like WeChat are using payments data to offer additional financial products beyond transfers. This situational finance model is personalized through constant data analysis. APIs will be increasingly important for open banking and virtual banks to compete.
The document provides an overview of mobile financial services (MFS) activity in Bangladesh. Some key details include:
- MFS transactions totaled over 3.2 trillion BDT in the first half of 2018, with the majority (3.1 trillion BDT) coming from MFS providers.
- The top MFS providers are bKash, Rocket, and SureCash, accounting for over 80% of agents. bKash has the largest market share at 58%.
- Transaction limits, fees and commissions vary between providers but cash in/out fees typically range from 1.5-2% and agent commissions are around 4%. Some providers offer interest on savings balances.
- Additional
INTERNET AND MOBILE BANKING KILLS ATMS, OPENS THE FLOODGATES TO CRYPTOCURRENCIESSteven Rhyner
With {increasing|enhancing|boosting|raising} {adoption|fostering} of internet-banking {and|as well as|and also} mobile-banking, {an extensive|a comprehensive|a substantial|a considerable} network of branches is {no longer|not|no more} {necessary|required|needed|essential} for {banks|financial institutions}. Are {bank|financial institution} branches {headed for|movinged towards|went to} {extinction|termination}?
Mobile banking will revolutionize financial services in emerging countries where many people lack access to traditional banking. In Bangladesh specifically, mobile banking is poised for tremendous growth. It will benefit consumers, enterprises, the government, merchants, and agents. Mobile banking allows payments anywhere, anytime through any channel in a more efficient and transparent way. It creates new revenue streams for banks while reducing costs and increasing financial inclusion.
Paymaster App is a growing fintech in Sri lanka and it is a fully owned subsidiary of Firstpay Pte Ltd. Showing promising growth this fintech is looking at changing the way average sri lankans approach mobile recharge and other routine payments
What an All-in-one Payment Platform Means for Commerce & Your Bottom LineKimberly Rowell
The document discusses the evolution of payment platforms and the need for businesses to adopt next generation, all-in-one payment solutions. It notes that early platforms focused only on connectivity, while current platforms offer APIs and regional processing. However, businesses now require built-in functionality, integrations, and analytics to optimize mobile and cross-border sales in today's global digital economy. The document advocates that businesses adopt a single, all-in-one payment platform that can handle online and mobile checkout as well as payments for platforms and marketplaces, while offering built-in products, reporting, and analytics. Adopting such a platform promises to deliver sales growth, reduced IT costs, and optimized checkout experiences.
The document discusses financial sector reforms and e-banking in India. It outlines the development of payment systems and their importance to modern financial systems. E-banking enables strategic benefits like enhancing knowledge, improving customer service, strengthening governance, and ensuring efficiency. Information technology plays a key role in the banking sector by providing information and infrastructure. Key aspects of IT in banking include balancing costs, control, and customer service. Emerging payment systems in India range from basic checks and drafts to sophisticated electronic funds transfers in real-time. Popular e-banking products discussed are NEFT, RTGS, ATMs, mobile banking, and electronic clearing services. Adoption of e-banking brings overall benefits but India still has progress
Agent banking is a model that allows banks to extend their services through authorized third-party agents. It has grown in popularity globally as a way to improve access to financial services, especially in areas with low inclusion rates. In Nigeria, agent banking has expanded rapidly since 2013 when regulations were introduced and has helped increase inclusion from 63% in 2018 to 64.1% in 2020, though more progress is still needed. Statistics show agent banking has grown transactions significantly and provides convenient services to both customers and agents. While challenges remain, agent banking appears poised to continue playing a major role in the future of banking in Nigeria by extending access in currently underserved rural and urban areas.
Rick Kenney: Removing Friction from Commercesinnerschrader
Removing friction from the online shopping experience has accelerated the growth of digital commerce. Conversion rate is an outdated metric, as mobile devices allow for more spontaneous, interrupted shopping sessions. Mobile phones now fuel the majority of commerce growth, with average visit times on phones shorter than desktops. The shopping cart has become the new focus, with add-to-cart rates and cart creation up significantly on mobile. By removing points of friction, online retailers have seen more visits, orders, and higher sales per customer.
Why does the banking industry need to invest in digital or technology.pdfMaveric Systems
The emergent technologies are ushering in a dramatic rise in the demand for digital financial services. We are seeing many new, more efficient financial solutions, such as online deposits, mobile wallets, electronic bill payments, etc.
This document discusses electronic banking in India. It provides an overview of how liberalization and deregulation in the 1990s changed the Indian banking system and led to increased use of information technology. It defines electronic banking and describes some key technologies used, including automated teller machines, debit cards, credit cards, charge cards, and smart cards. The document discusses the needs and advantages of electronic banking, its impact on traditional banking services, risks involved like operational risk and security risk, and legal/compliance risk.
Suresh - Mobile Banking (Corporate Banking Stream) Knowledge Group
The document discusses trends in corporate mobile banking adoption globally. It notes that the number of smart connected devices will reach over 2 billion by the end of 2015. Many large global banks have implemented mobile apps for corporate and SME clients to enable payments, cash management, and financial reporting on tablets and smartphones. Surveys find that over 65% of corporate treasurers are interested in mobile banking services.
Role of Technology in driving Financial Inclusion 2016 - Part - 5Resurgent India
The banking sector has made rapid strides largely because of the rapid advancement of technology. Automated teller machines, internet and mobile banking, payment wallets, and other advancements have made significant improvements to consumer experience and have also helped banks widen their reach.
Modes of Cashless Transactions - Cash-less Indian EconomyRajan Chhangani
This presentations is all about the different modes of cashless transactions and a small step to promote digital India and digitization in India.
Sources:- NPCI
Axis Bank
SBI
RBI
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
STATATHON: Unleashing the Power of Statistics in a 48-Hour Knowledge Extravag...sameer shah
"Join us for STATATHON, a dynamic 2-day event dedicated to exploring statistical knowledge and its real-world applications. From theory to practice, participants engage in intensive learning sessions, workshops, and challenges, fostering a deeper understanding of statistical methodologies and their significance in various fields."
APIdays Singapore 2019 - How Platforms & APIs are changing the way that 3 bil...apidays
The document discusses how platforms and APIs are changing banking for 3 billion people. A shift to digital payments is occurring across Asia, driven by mobile adoption, e-commerce, and younger demographics. While fees generate revenue, platforms will monetize the transaction data. APIs are key for fintechs and banks to provide new services. China's mobile payments surpassed the US in transaction value in 2017. Platforms like WeChat are using payments data to offer additional financial products beyond transfers. This situational finance model is personalized through constant data analysis. APIs will be increasingly important for open banking and virtual banks to compete.
The document provides an overview of mobile financial services (MFS) activity in Bangladesh. Some key details include:
- MFS transactions totaled over 3.2 trillion BDT in the first half of 2018, with the majority (3.1 trillion BDT) coming from MFS providers.
- The top MFS providers are bKash, Rocket, and SureCash, accounting for over 80% of agents. bKash has the largest market share at 58%.
- Transaction limits, fees and commissions vary between providers but cash in/out fees typically range from 1.5-2% and agent commissions are around 4%. Some providers offer interest on savings balances.
- Additional
INTERNET AND MOBILE BANKING KILLS ATMS, OPENS THE FLOODGATES TO CRYPTOCURRENCIESSteven Rhyner
With {increasing|enhancing|boosting|raising} {adoption|fostering} of internet-banking {and|as well as|and also} mobile-banking, {an extensive|a comprehensive|a substantial|a considerable} network of branches is {no longer|not|no more} {necessary|required|needed|essential} for {banks|financial institutions}. Are {bank|financial institution} branches {headed for|movinged towards|went to} {extinction|termination}?
Mobile banking will revolutionize financial services in emerging countries where many people lack access to traditional banking. In Bangladesh specifically, mobile banking is poised for tremendous growth. It will benefit consumers, enterprises, the government, merchants, and agents. Mobile banking allows payments anywhere, anytime through any channel in a more efficient and transparent way. It creates new revenue streams for banks while reducing costs and increasing financial inclusion.
Paymaster App is a growing fintech in Sri lanka and it is a fully owned subsidiary of Firstpay Pte Ltd. Showing promising growth this fintech is looking at changing the way average sri lankans approach mobile recharge and other routine payments
What an All-in-one Payment Platform Means for Commerce & Your Bottom LineKimberly Rowell
The document discusses the evolution of payment platforms and the need for businesses to adopt next generation, all-in-one payment solutions. It notes that early platforms focused only on connectivity, while current platforms offer APIs and regional processing. However, businesses now require built-in functionality, integrations, and analytics to optimize mobile and cross-border sales in today's global digital economy. The document advocates that businesses adopt a single, all-in-one payment platform that can handle online and mobile checkout as well as payments for platforms and marketplaces, while offering built-in products, reporting, and analytics. Adopting such a platform promises to deliver sales growth, reduced IT costs, and optimized checkout experiences.
The document discusses financial sector reforms and e-banking in India. It outlines the development of payment systems and their importance to modern financial systems. E-banking enables strategic benefits like enhancing knowledge, improving customer service, strengthening governance, and ensuring efficiency. Information technology plays a key role in the banking sector by providing information and infrastructure. Key aspects of IT in banking include balancing costs, control, and customer service. Emerging payment systems in India range from basic checks and drafts to sophisticated electronic funds transfers in real-time. Popular e-banking products discussed are NEFT, RTGS, ATMs, mobile banking, and electronic clearing services. Adoption of e-banking brings overall benefits but India still has progress
Agent banking is a model that allows banks to extend their services through authorized third-party agents. It has grown in popularity globally as a way to improve access to financial services, especially in areas with low inclusion rates. In Nigeria, agent banking has expanded rapidly since 2013 when regulations were introduced and has helped increase inclusion from 63% in 2018 to 64.1% in 2020, though more progress is still needed. Statistics show agent banking has grown transactions significantly and provides convenient services to both customers and agents. While challenges remain, agent banking appears poised to continue playing a major role in the future of banking in Nigeria by extending access in currently underserved rural and urban areas.
Rick Kenney: Removing Friction from Commercesinnerschrader
Removing friction from the online shopping experience has accelerated the growth of digital commerce. Conversion rate is an outdated metric, as mobile devices allow for more spontaneous, interrupted shopping sessions. Mobile phones now fuel the majority of commerce growth, with average visit times on phones shorter than desktops. The shopping cart has become the new focus, with add-to-cart rates and cart creation up significantly on mobile. By removing points of friction, online retailers have seen more visits, orders, and higher sales per customer.
Why does the banking industry need to invest in digital or technology.pdfMaveric Systems
The emergent technologies are ushering in a dramatic rise in the demand for digital financial services. We are seeing many new, more efficient financial solutions, such as online deposits, mobile wallets, electronic bill payments, etc.
This document discusses electronic banking in India. It provides an overview of how liberalization and deregulation in the 1990s changed the Indian banking system and led to increased use of information technology. It defines electronic banking and describes some key technologies used, including automated teller machines, debit cards, credit cards, charge cards, and smart cards. The document discusses the needs and advantages of electronic banking, its impact on traditional banking services, risks involved like operational risk and security risk, and legal/compliance risk.
Suresh - Mobile Banking (Corporate Banking Stream) Knowledge Group
The document discusses trends in corporate mobile banking adoption globally. It notes that the number of smart connected devices will reach over 2 billion by the end of 2015. Many large global banks have implemented mobile apps for corporate and SME clients to enable payments, cash management, and financial reporting on tablets and smartphones. Surveys find that over 65% of corporate treasurers are interested in mobile banking services.
Role of Technology in driving Financial Inclusion 2016 - Part - 5Resurgent India
The banking sector has made rapid strides largely because of the rapid advancement of technology. Automated teller machines, internet and mobile banking, payment wallets, and other advancements have made significant improvements to consumer experience and have also helped banks widen their reach.
Modes of Cashless Transactions - Cash-less Indian EconomyRajan Chhangani
This presentations is all about the different modes of cashless transactions and a small step to promote digital India and digitization in India.
Sources:- NPCI
Axis Bank
SBI
RBI
MTBiz is for you if you are looking for contemporary information on business, economy and especially on banking industry of Bangladesh. You would also find periodical information on Global Economy and Commodity Markets.
STATATHON: Unleashing the Power of Statistics in a 48-Hour Knowledge Extravag...sameer shah
"Join us for STATATHON, a dynamic 2-day event dedicated to exploring statistical knowledge and its real-world applications. From theory to practice, participants engage in intensive learning sessions, workshops, and challenges, fostering a deeper understanding of statistical methodologies and their significance in various fields."
State of Artificial intelligence Report 2023kuntobimo2016
Artificial intelligence (AI) is a multidisciplinary field of science and engineering whose goal is to create intelligent machines.
We believe that AI will be a force multiplier on technological progress in our increasingly digital, data-driven world. This is because everything around us today, ranging from culture to consumer products, is a product of intelligence.
The State of AI Report is now in its sixth year. Consider this report as a compilation of the most interesting things we’ve seen with a goal of triggering an informed conversation about the state of AI and its implication for the future.
We consider the following key dimensions in our report:
Research: Technology breakthroughs and their capabilities.
Industry: Areas of commercial application for AI and its business impact.
Politics: Regulation of AI, its economic implications and the evolving geopolitics of AI.
Safety: Identifying and mitigating catastrophic risks that highly-capable future AI systems could pose to us.
Predictions: What we believe will happen in the next 12 months and a 2022 performance review to keep us honest.
End-to-end pipeline agility - Berlin Buzzwords 2024Lars Albertsson
We describe how we achieve high change agility in data engineering by eliminating the fear of breaking downstream data pipelines through end-to-end pipeline testing, and by using schema metaprogramming to safely eliminate boilerplate involved in changes that affect whole pipelines.
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A long time ago, we suffered at Spotify from fear of changing pipelines due to not knowing what the impact might be downstream. We made plans for a technical solution to test pipelines end-to-end to mitigate that fear, but the effort failed for cultural reasons. We eventually solved this challenge, but in a different context. In this presentation we will describe how we test full pipelines effectively by manipulating workflow orchestration, which enables us to make changes in pipelines without fear of breaking downstream.
Making schema changes that affect many jobs also involves a lot of toil and boilerplate. Using schema-on-read mitigates some of it, but has drawbacks since it makes it more difficult to detect errors early. We will describe how we have rejected this tradeoff by applying schema metaprogramming, eliminating boilerplate but keeping the protection of static typing, thereby further improving agility to quickly modify data pipelines without fear.
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Talk Delivered at Valencia Codes Meetup 2024-06.
Traditionally, databases have treated timestamps just as another data type. However, when performing real-time analytics, timestamps should be first class citizens and we need rich time semantics to get the most out of our data. We also need to deal with ever growing datasets while keeping performant, which is as fun as it sounds.
It is no wonder time-series databases are now more popular than ever before. Join me in this session to learn about the internal architecture and building blocks of QuestDB, an open source time-series database designed for speed. We will also review a history of some of the changes we have gone over the past two years to deal with late and unordered data, non-blocking writes, read-replicas, or faster batch ingestion.
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06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Data and AI
Round table discussion of vector databases, unstructured data, ai, big data, real-time, robots and Milvus.
A lively discussion with NJ Gen AI Meetup Lead, Prasad and Procure.FYI's Co-Found
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Dive into the world of data analysis with our comprehensive guide on mastering SQL! This presentation offers a practical approach to learning SQL, focusing on real-world applications and hands-on practice. Whether you're a beginner or looking to sharpen your skills, this guide provides the tools you need to extract, analyze, and interpret data effectively.
Key Highlights:
Foundations of SQL: Understand the basics of SQL, including data retrieval, filtering, and aggregation.
Advanced Queries: Learn to craft complex queries to uncover deep insights from your data.
Data Trends and Patterns: Discover how to identify and interpret trends and patterns in your datasets.
Practical Examples: Follow step-by-step examples to apply SQL techniques in real-world scenarios.
Actionable Insights: Gain the skills to derive actionable insights that drive informed decision-making.
Join us on this journey to enhance your data analysis capabilities and unlock the full potential of SQL. Perfect for data enthusiasts, analysts, and anyone eager to harness the power of data!
#DataAnalysis #SQL #LearningSQL #DataInsights #DataScience #Analytics
The Ipsos - AI - Monitor 2024 Report.pdfSocial Samosa
According to Ipsos AI Monitor's 2024 report, 65% Indians said that products and services using AI have profoundly changed their daily life in the past 3-5 years.
ViewShift: Hassle-free Dynamic Policy Enforcement for Every Data LakeWalaa Eldin Moustafa
Dynamic policy enforcement is becoming an increasingly important topic in today’s world where data privacy and compliance is a top priority for companies, individuals, and regulators alike. In these slides, we discuss how LinkedIn implements a powerful dynamic policy enforcement engine, called ViewShift, and integrates it within its data lake. We show the query engine architecture and how catalog implementations can automatically route table resolutions to compliance-enforcing SQL views. Such views have a set of very interesting properties: (1) They are auto-generated from declarative data annotations. (2) They respect user-level consent and preferences (3) They are context-aware, encoding a different set of transformations for different use cases (4) They are portable; while the SQL logic is only implemented in one SQL dialect, it is accessible in all engines.
#SQL #Views #Privacy #Compliance #DataLake
3. Abbreviations and Naming
Transaction types abbreviation
Mobile banking
Internet Banking
Local Money Transfer
Interest Free Banking
Teller Transactions
Cash Withdrawal
Cash Deposit
MB=
IB=
AC=
LMTS=
IFB=
TT=
Withdrawal=
Deposit=
Account to account
4. :
Are TT transactions which most of the transaction process done manually or a
cash involvement needed with the customer presence. In these type of transaction
Are: Deposit, withdrawal, cheque withdrawal, LMTS,
Other cheque, and TT
Transaction Types
These transactions are mainly follows a fund transfer(FT) approach's which
means there is no cash involvement (cashless) in the transactional process. These
kind of transactions are: AC, FT, IFB LMTS transfer LMTS Transfer
These type of transactions are FT and CBE BIRR follows fully electronic
payment or fund transfer . Among these transactions, ATM withdrawal,POS,
MB, IB and CBE BIRR are the types
General definitions for the
transactional analysis
The transaction analysis we performed is consist of TT,
FT, and CBE BIRR that go through all channels in the
may2021 for the purpose of this analysis make
distinction into main group as Branch and digital
transactions:
Branch Transactions
All TT transactions involves cash and
customers should go to branch
Digital Transactions
Which uses electronic device and almost
cashless includes alternative and semi
digital transactions
Alternative
Channels
Semi-digital
Transactions
Branch
Transactions
5. FT transactions took 61% and TT 38%. FT transaction holds it largest
percentage as it involves with all transaction fully digital and semi digital(NO
cash involvement). As in fully digitals are the alternative channels(ATM, POS,
IB and MB) and semi digitals transactions as (Account to account, swift and
LMTS transfer and the like). In may FT transaction is 62% and TT 38%
TT and FT within the days of March 2021
Chart for total TT and FT Transactions
Total TT and FT Transactions
61% 39%
TT and FT Transaction Analysis
FT
61%
TT
39%
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
FT TT
33,760,830
FT
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
FT TT
6. Semi-Digital Transactions within the days of May 2021
ITEM NAME HERE
ITEM NAME HERE
Total Semi-Digital Transactions
Chart Semi-Digital Transactions AC
6,730,269
95%
FT
437,731
4.6%
IFB LMTS TRANSFER
87
0.001%
LMTS TRANSFER
1,290
0.01%
SWFT
8,505
0.09%
The largest portion throughout the month is
Account to account(AC) transfer, also
increased by 2% as compared to may AC
transaction.
Semi- Digital Transaction Analysis
95%
5%
0%
0%
0%
0%
AC
FT
IFB LMTS Transfer
LMTS Transfer
Swift
AC FT IFB LMTS Transfer LMTS Transfer Swift
8,556,496
437,731 87 1,290 8,505
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000 6/1/2021
6/2/2021
6/3/2021
6/4/2021
6/5/2021
6/6/2021
6/7/2021
6/8/2021
6/9/2021
6/10/2021
6/11/2021
6/12/2021
6/13/2021
6/14/2021
6/15/2021
6/16/2021
6/17/2021
6/18/2021
6/19/2021
6/20/2021
6/21/2021
6/22/2021
6/23/2021
6/24/2021
6/25/2021
6/26/2021
6/27/2021
6/28/2021
6/29/2021
6/30/2021
AC FT IFB LMTS Transfer LMTS Transfer Swift
7. Above 100K and Below 100k AC within the days of June 2021 Total 100K and Below 100k AC
Above 100K and Below 100k AC Transactions(fund transfer)
Analysis: From the above analysis semi-digital transaction most of the transactions
are AC(95%) or account to account. But customers can use Mobile banking as an
alternate if the transfer amount is below 100k. what we described here 98% of the
customers went to branch for fund transfer below 100k. We can conclude from here
is that even though there is an alternate channel for AC customers have much less
awareness and understanding for using FT service in Mobile Banking.
0
200000
400000
600000
800000
1000000
6/1/2021
6/2/2021
6/3/2021
6/4/2021
6/5/2021
6/6/2021
6/7/2021
6/8/2021
6/9/2021
6/10/2021
6/11/2021
6/12/2021
6/13/2021
6/14/2021
6/15/2021
6/16/2021
6/17/2021
6/18/2021
6/19/2021
6/20/2021
6/21/2021
6/22/2021
6/23/2021
6/24/2021
6/25/2021
6/26/2021
6/27/2021
6/28/2021
6/29/2021
6/30/2021
ABOVE 100K LESS 100K
ABOVE 100K
2%
LESS 100K
98%
8. Chart for Alternative Transactions
Analysis: in the following alternate
transaction analysis ATM withdrawal and
Mobile banking transactions increases
throughout weekends and decrease in
weekdays starting from Monday. This is
related to customers uses alternative if not
branch are not available or in weekends
people have a habit of spending money.
CBE birr has almost the same transaction
trend and internet banking has the lowest
transaction.
But as compared to May digital it shows
decrease in 5mil txn this is because mostly
mobile banking service has been failed, and
all are working days in the month.
16,867,459
ATM WITHDRAWAL
INTERNET BANKINKIG
POS
2,050,420
CBE BIRR
6,652
73,484
Mobile Banking
7,805,115
Alternative Channels within the days of June 2021
Total Alternative Transactions
Alternative Transaction Analysis
0
200,000
400,000
600,000
800,000
1,000,000
1,200,000
1,400,000
1,600,000
ATM Withdrwal IB_Txn POS_Txn CBE_BIRR MB
16,867,459
6,652 73,484 2,064,420
7,809,115
0
2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
18,000,000
ATM
Withdrwal
IB_Txn POS_Txn CBE_BIRR MB
63%
0%
0%
8%
29%
ATM Withdrwal IB_Txn POS_Txn CBE_BIRR MB
9. Branch Transactions in June 2021
ALL LIST
Total Branch Transactions
Analysis: The above analysis shows the branch
transaction which most of the transaction process
done manually. Among those transactions cash
withdrawals and deposit transactions reach's its
peak at Saturday and Mondays mostly and falls
down in Tuesday and Wednesday. Among the
branch transaction cash withdrawal is the highest
then deposit is the second.
As compared to may month withdrawal decrease by
1% it seams there is normal working days as no
special occasion for withdrawal
Branch Transaction Analysis
-
100,000
200,000
300,000
400,000
500,000
600,000
700,000
Cheque Withdrwal Deposit Other Cheque TT Withdrwal LMTS
417,841
7,721,016
9,776
2,057,213
11,600,512
13,435
- 2,000,000 4,000,000 6,000,000 8,000,000 10,000,000 12,000,000 14,000,000
Cheque Withdrwal
Deposit
Other Cheque
TT
Withdrwal
LMTS
Cheque
Withdrwal
2% Deposit
35%
Other
Cheque
0%
TT
10%
Withdrwal
53%
LMTS
0%
10. s
Above 10K and Below 10k withdrawal within the months
Above 10K and Below 10k withdrawal
Analysis: The above analysis shows from
the branch transaction about 53% is cash
withdrawal among those transaction
customers who go to branch to
withdrawal money below 10K are 81% this
indicates most of customers go to branch
than using ATMs. For the machines to
give the service they allegedly installed
for the bank should create awareness,
and ease of technology to the customers
to use the Machines
*This month shows a decrease in 7%for
those who went to branch to withdrawal
below 10k
Above 10K and Below 10k withdrawal
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
ABOVE 10K LESS 10K
19%
81%
ABOVE 10K LESS 10K
11. Branch Vs Digital transactions in days of june2021
Digital
34,861,356
61.5%
36%
Branch
21,246,041
The above analysis shows the comparison of branch and
digital in previous month may and June. in June digital
transactions decreased by 2.5% as may was a holiday
month. There was mobile transfer and better withdrawal
than June. Also a system interruption is the other problem
that might cause the decrease in digital transaction of
June
Jun 2021 total Branch vs Digital Transactions
May 2021 total Branch vs Digital Transactions
Analysis
Comparison of May and June Digital Transaction Analysis
Digital
37,614,520
64%
38.5%
Branch
21,819,793
0
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
digital branch
12. In digital transaction(alternative channel) the most used
services are ATM and MOBILE BANKING. we have noticed
here customers using mobile banking for transferring money
and ATM to cash withdrawal than go to branch. as indicated
in June 2021 fund transfer is 95% as compared to may which
is 93%. But mobile banking ATM withdrawal shows a
decrease in June than it was in may. Also cash withdrawal in
branch shows a 1% change this month.
Analysis: in june2021 digital transactions shows an increase as compared to
may2021. As we saw it there was holidays in may so it has direct relationship with
the decrease in transactions:
from the cash withdrawal of 53% withdrawal less than 10k is 81%
in June month but 88% in may and even though AC transactions
shows an increase in 2% and mobile banking shows an decrease in
10%. And ATM in 5% still customers go to branch for transferring
money less than 100k: though there is change in alternative
channel as IB and POS. but still high number of customer are
going to branch for the service they can get using ATM and mobile
banking. In IB and POS transaction there is still low number of
users but it shows an improvement over the may month.
Overall Insights and Recommendations
• The bank should create awareness for the customers to use more digital channels than going to branch as
mobile banking and ATM. Because the digital banking used as alternative of the branch services.
• Though IB and POS shows an increase in this month still the transaction numbers are so low compared to ATM
and mobile banking so the bank should come up with the new strategy to make a use of this services, other
wise it incur extra costs for the services that almost not giving an use.