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E Finance Er. S Sood


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E Finance Er. S Sood

  2. 2. E-FINANCE <ul><li>E-Finance is a financial transaction that depends on the internet or a similar a network to which house-holds or non-financial enterprises have access </li></ul><ul><ul><ul><ul><ul><li> - OECD </li></ul></ul></ul></ul></ul><ul><li>E-Finance has a great potential to improve the quality and scope of financial services and expand opportunities for covering trading risks and can widen access to financial services for a much greater set of retail and commercial clients by offering more cost effective service </li></ul><ul><ul><ul><ul><ul><li>- World Bank </li></ul></ul></ul></ul></ul>
  3. 3. INTERNET USAGE IN INDIA <ul><li>World wide – 300 million </li></ul><ul><li>India – 4.8 million </li></ul><ul><ul><li>Mumbai – 18% </li></ul></ul><ul><ul><li>Chennai & Delhi – 10% each </li></ul></ul><ul><li>89% of users use for e-mail. </li></ul>
  4. 4. <ul><li>Internet exposure by age </li></ul><ul><ul><li>25-35 yrs – 31% </li></ul></ul><ul><ul><li>20-24 yrs – 26% </li></ul></ul><ul><ul><li>>35 yrs - 19% </li></ul></ul><ul><li>ISPs in India </li></ul><ul><ul><li>VSNL – 3,44,000 </li></ul></ul><ul><ul><li>Satyam – 1,29,000 </li></ul></ul><ul><ul><li>DTS – 96,000 </li></ul></ul>
  5. 5. E-TRADING e-trading Equity Derivative IPO Mutual funds
  6. 6. <ul><li>Types </li></ul>B2B B2C Business-to-business trading Business-to-client trading Investment banks Brokers Individuals Brokers
  7. 7. E-TRADING Bank a/c Demat a/c Online facility Trading Allocate funds Buy Sell Block
  8. 8. ADVANTAGES <ul><li>Reduced cost </li></ul><ul><li>Greater liquidity </li></ul><ul><li>Easy to use. </li></ul><ul><li>Can be done from anywhere. </li></ul><ul><li>Increased transparency </li></ul>
  9. 9. E-BANKING <ul><li>E-Banking is defined as the automated delivery of new and traditional banking services directly to customers through electronic, interactive communication channels. </li></ul>
  10. 10. WHAT LED TO E-BANKING <ul><li>To meet the needs of the customers in a better and efficient way. </li></ul><ul><li>To compete with technology savvy private banks. </li></ul><ul><li>To make the work life simple and easy. </li></ul>
  11. 11. CONSTRAINTS <ul><li>Training of staffs. </li></ul><ul><li>Not tech savvy. </li></ul><ul><li>Age profile. </li></ul>
  12. 12. FEATURES <ul><li>Core banking </li></ul><ul><li>Internet banking </li></ul><ul><li>Retail banking </li></ul><ul><li>ATM </li></ul>
  13. 13. CYBER CRIMES <ul><li>Unauthorized access to computer systems or networks </li></ul><ul><li>Email bombing </li></ul><ul><li>Virus / worm attacks </li></ul><ul><li>Logic bombs </li></ul><ul><li>Web jacking </li></ul><ul><li>Software privacy </li></ul><ul><li>Denial of service attack </li></ul>
  14. 14. NETWORK SECURITY <ul><li>CRYPTOGRAPHY </li></ul><ul><li>Tool for protecting information, computer security </li></ul><ul><li>It is the process of altering the message to hide the meaning from adversaries who might intercept them </li></ul><ul><li>cryptographic tools - secret key encryption, public key encryption, random number generators and hash function </li></ul>
  15. 15. Sender Receiver Cipher text Encryption Decryption Encryption Plain text Cipher text Decryption Plain text Cipher text : :
  16. 16. SECRET KEY CRPTOGRAPHY <ul><li>Uses a single key for both encryption and decryption </li></ul><ul><li>Application: ATM encryption </li></ul>Sender Cipher text Receiver key key
  17. 17. PUBLIC KEY CRYPTOGRAPHY <ul><li>Uses one key for encryption and another for decryption </li></ul><ul><li>Public key – known to every one </li></ul><ul><li>Private key- receiver only knows </li></ul>Sender Cipher text Receiver Public key Private key
  18. 18. CONCLUSION <ul><li>E-Finance saves lot of time and makes life simple and easy. </li></ul>1.5 lakhs new users everyday More and more people become aware Better are the chances for the utility of e-finance