Professional Documents
Culture Documents
Kathmandu, Nepal.
12 December 2004
Vivek S. Rana
Chief IT/MIS
Nepal Bank Limited
In this presentation:
E-payment: Genesis and Status
Changing scenarios in Nepalese Banking
Case studies
Key components for success and barriers to e-payment
Suggestions and moving forward
Nepalese banks contents of Transformation?
TO
FROM
Limited space and staff
Large space and staff at
Branches requirement due to IT
• Personnel Policies
• Financial implications • Recruitment
• Capital adequacy • Skills/Knowledge gap
• Capital investments • Industrial relations
IT Policies,
• Cost of obsolescence • Education
strategies
• Profitability • Training Infrastructure
and Gaps
• Productivity • Job enhancement
BANK
ENTERPRISE
HOST
CURRENT PRACTICES
Certification
Authority
Merchant
Server
Customer Certificate
Internet Certificate
Server
Server
approval or rejection
Certificate
OVERSEAS
of transaction
Notification of Transaction
ISP
Server
Certificate
Authorization
Notification of Transaction
The Bank
Example: Convenience Management
(Internet Banking) Customer
Economy
Trust in Control
Trust in Other Party
Mechanism
Subjective
Subjective trust reason
Objective trust reason
trust reason Objective trust
reason
EXTERNAL
Trustor’s Transaction
INTERNAL trust
One’s level of transaction trust should be higher Source: Yao-Hua Tan and Walter Thoen, MOT
than one’s personal threshold.
Way Forward:
The forces of globalization have made this ONE world and ONE
economy
-Jack Welch