Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
ICT & BANKING SECTOR
ZAHID ISLAM
Introduction
Information and communication technology (ICT) has become the heart of banking sector, while
banking industry...
Introduction
ICT has created a new infrastructure for the world economy to become truly global and also
provided the users...
Role of ICT in the Banking Industry
The development of worldwide networks has considerably decreased the cost of global fu...
Role of ICT in the Banking Industry
Electronic Banking Systems, in its most proficient form, offer instant verification an...
Major Applications
Major applications for the customers:
Self-inquiry facility: Facility for logging into specified self-i...
Major Applications
Telebanking: A 24-hour service through which inquiries regarding balances and
transactions in the accou...
Major Applications
As information is centralized and updates are available simultaneously at all places, single-
window se...
Major Applications
Major applications for the Banks
Availability of a wide range of inquiry facilities, assisting the bank...
Major Applications
Major applications for the Employees
Accurate computing of cumbersome and time-consuming jobs such as b...
Electronic facilities given by different bank
The following Electronic facilities are providing by different Foreign, stat...
The common features of electronic
banking in Bangladesh
Electronic banking idea developed in Bangladesh since 1992 through...
The common features of electronic
banking in Bangladesh
oMore than16-hours shopping facilities
oDeposit or Mail cash or ch...
Concluding remarks:
Modern electronic banking concept in the banking services is new for Bangladeshi people.
People are no...
THANKS TO ALL
Ict & banking sector of bangladesh
Upcoming SlideShare
Loading in …5
×

Ict & banking sector of bangladesh

1,843 views

Published on

Its not my own work, you may prove it that it is nothing but Plagiarism. Whatever it is but i'm dam sure that, it will be helpful to you.

Published in: Career
  • See how I make over $7,293 a month from home doing REAL online jobs!  http://scamcb.com/ezpayjobs/pdf
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • Get Paid For Your Opinions! Earn $5-$10 cash on your first survey.  http://t.cn/AieX2Loq
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • DOWNLOAD FULL BOOKS, INTO AVAILABLE FORMAT ......................................................................................................................... ......................................................................................................................... 1.DOWNLOAD FULL. PDF EBOOK here { https://tinyurl.com/y3nhqquc } ......................................................................................................................... 1.DOWNLOAD FULL. EPUB Ebook here { https://tinyurl.com/y3nhqquc } ......................................................................................................................... 1.DOWNLOAD FULL. doc Ebook here { https://tinyurl.com/y3nhqquc } ......................................................................................................................... 1.DOWNLOAD FULL. PDF EBOOK here { https://tinyurl.com/y3nhqquc } ......................................................................................................................... 1.DOWNLOAD FULL. EPUB Ebook here { https://tinyurl.com/y3nhqquc } ......................................................................................................................... 1.DOWNLOAD FULL. doc Ebook here { https://tinyurl.com/y3nhqquc } ......................................................................................................................... ......................................................................................................................... ......................................................................................................................... .............. Browse by Genre Available eBooks ......................................................................................................................... Art, Biography, Business, Chick Lit, Children's, Christian, Classics, Comics, Contemporary, Cookbooks, Crime, Ebooks, Fantasy, Fiction, Graphic Novels, Historical Fiction, History, Horror, Humor And Comedy, Manga, Memoir, Music, Mystery, Non Fiction, Paranormal, Philosophy, Poetry, Psychology, Religion, Romance, Science, Science Fiction, Self Help, Suspense, Spirituality, Sports, Thriller, Travel, Young Adult,
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here

Ict & banking sector of bangladesh

  1. 1. ICT & BANKING SECTOR ZAHID ISLAM
  2. 2. Introduction Information and communication technology (ICT) has become the heart of banking sector, while banking industry is the heart of every robust economy. Information and communication technology (ICT) has in particular brought a complete paradigm shift on the bank's performance and on the customer service delivery in the banking industry. The ICT development has a significant effect on development of more flexible and user friendly banking services. In a bid to catch up with global development, improve the quality of customer service delivery, and reduce transaction cost, banks have invested heavily in ICT, and have widely adopted ICT.
  3. 3. Introduction ICT has created a new infrastructure for the world economy to become truly global and also provided the users of new technology a competitive advantage over their rivals. Electronic banking system has become the main technology driven revolution in conducting financial transactions.
  4. 4. Role of ICT in the Banking Industry The development of worldwide networks has considerably decreased the cost of global funds transfer. Banks that are using ICT related products such as online banking, electronic payments, security investments, information exchanges, financial organizations can deliver high quality customer services delivery to customers with less effort. Brynjolfsson and Hitt (2000) point out that "ICT contribute significantly to firm level output." They determine that Information Technology capital contributes an 81% marginal increase in output, whereas non Information Technology capital contributes 6%.
  5. 5. Role of ICT in the Banking Industry Electronic Banking Systems, in its most proficient form, offer instant verification and transfer and reduces the flow of costly paper in the record keeping process. Electronic banking services can be grouped into three generations of evolution:
  6. 6. Major Applications Major applications for the customers: Self-inquiry facility: Facility for logging into specified self-inquiry terminals at the branch to inquire and view the transactions in the account. Remote banking: Remote terminals at the customer site connected to the respective branch through a modem, enabling the customer to make inquiries regarding his accounts, on-line, without having to move from his office. Anytime banking- Anywhere banking: Installation of ATMs which offer non-stop cash withdrawal, remittances and inquiry facilities. Networking of computerized branches inter-city and intra-city, will permit customers of these branches, when interconnected, to transact from any of these branches.
  7. 7. Major Applications Telebanking: A 24-hour service through which inquiries regarding balances and transactions in the account can be made over the phone. Electronic Banking: This enables the bank to provide corporate or high value customers with a Graphical User Interface (GUI) software on a PC, to inquire about their financial transactions and accounts, cash transfers, cheque book issue and inquiry on rates without visiting the bank. Moreover, LC text and details on bills can be sent by the customer, and the bank can download the same. The technology used to provide this service is called electronic data interchange (EDI). It is used to transmit business transactions in computer- readble form between organizations and individuals in a standard format.
  8. 8. Major Applications As information is centralized and updates are available simultaneously at all places, single- window service becomes possible, leading to effective reduction in waiting time.
  9. 9. Major Applications Major applications for the Banks Availability of a wide range of inquiry facilities, assisting the bank in business development and follow-up. Immediate replies to customer queries without reference to ledger-keeper as terminals are provided to Managers and Chief Managers. Automatic and prompt carrying out of standing instructions on due date and generation of reports. Generation of various MIS reports and periodical returns on due dates. Fast and up-to-date information transfer enabling speedier decisions, by interconnecting computerized branches and controlling offices.
  10. 10. Major Applications Major applications for the Employees Accurate computing of cumbersome and time-consuming jobs such as balancing and interest calculations on due dates. Automatic printing of covering schedules, deposit receipts, pass book / pass sheet, freeing the staff from performing these time-consuming jobs, and enabling them to give more attention to the needs of the customer. Signature retrieval facility, assisting in verification of transactions, sitting at their own terminal. Avoidance of duplication of entries due to existence of single-point data entry.
  11. 11. Electronic facilities given by different bank The following Electronic facilities are providing by different Foreign, state owned, and Private Commercial banks (PCBs) in Bangladesh: Bank accounts: Savings, Current, FDR, PDS, Term Deposit Scheme. Debit Point-of-Sale Cards: Credit/Debit Card Internet Banking Home Banking Automated Teller Machine (ATM) Tele Banking Easy Pay Machine
  12. 12. The common features of electronic banking in Bangladesh Electronic banking idea developed in Bangladesh since 1992 through several multinational banks. But most of the local and foreign banks are maintained electronic banking in their all branches. o24- hours cash deposit & withdrawal facility oQuick cash withdrawal without having queue oAccount activities enquiry in any moment. oStatement request through ATM/Debit/Credit Card oTransfer own funds to other account number in same bank o Present Balance enquiry
  13. 13. The common features of electronic banking in Bangladesh oMore than16-hours shopping facilities oDeposit or Mail cash or cheque(s) (Cross cheque) through mechanical device. oChanging Personal Identity Number oCash deposit which will originally deposit very next day of deposit that means do not need to go to the branch for every occasion. oMini statement which contain 8-10 previous transaction records oCan able to pay utilities bill oWithdraw money by using VISA, PLUS, MASTER, MAESTRO and other credit card oWithdraw money from dollar account which gives taka by converting foreign currency
  14. 14. Concluding remarks: Modern electronic banking concept in the banking services is new for Bangladeshi people. People are not also conscious about the advantages of the technology. Some multinational banks are already introduced their marketing activities over their targeted customers for specialized products like electronic products which is found very effective. The multinationals are coming up towards people with variety of highly technical products, which can solve the people’s problem and can able to modernize their lifestyle.
  15. 15. THANKS TO ALL

×