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  • 17 IT in Banks

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    This document discusses the impact of information technology on banks. It describes how IT has changed organizational structures and orientations in banks, and impacted service quality, human resources, and data privacy and confidentiality. It then explains various electronic banking technologies like internet banking, smart cards, telephone banking, ATMs, and electronic funds transfer systems. It discusses the need for electronic banking to differentiate products, enable branchless and peopleless banking, and reduce costs. Finally, it provides details on electronic payment systems including cheque truncation, ATM, debit and credit cards, ECS, EFT, RTGS, NEFT, mobile banking, and internet banking.

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    This document discusses the impact of information technology on banks. It describes how IT has changed organizational structures and orientations in banks, and impacted service quality, human resources, and data privacy and confidentiality. It then explains various electronic banking technologies like internet banking, smart cards, telephone banking, ATMs, and electronic funds transfer systems. It discusses the need for electronic banking to differentiate products, enable branchless and peopleless banking, and reduce costs. Finally, it provides details on electronic payment systems including cheque truncation, ATM, debit and credit cards, ECS, EFT, RTGS, NEFT, mobile banking, and internet banking.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views13 pages

    17 IT in Banks

    Uploaded by

    m_dattaias
    This document discusses the impact of information technology on banks. It describes how IT has changed organizational structures and orientations in banks, and impacted service quality, human resources, and data privacy and confidentiality. It then explains various electronic banking technologies like internet banking, smart cards, telephone banking, ATMs, and electronic funds transfer systems. It discusses the need for electronic banking to differentiate products, enable branchless and peopleless banking, and reduce costs. Finally, it provides details on electronic payment systems including cheque truncation, ATM, debit and credit cards, ECS, EFT, RTGS, NEFT, mobile banking, and internet banking.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 13

    Information Technology in

    Banks

    SUDHEENDRAN.M
    SCMS - COCHIN
    Impact of IT on Banks
     Changes in Organisational Structure and
    Orientation

     Impact on Service Quality

     Impact on Human Resources

     Impact on Privacy and Confidentiality of Data


    E banking
    • Electronic transfer of funds

    • Instead of cash, cheques, or other NIs

    • Recorded on computer systems


    E-BANKING….
    Internet banking Smart cards

    Managed network NEFT & RTGS


    ECS
    Telephone banking
    SPNS
    ATM
    Banking Kiosks
    EFT
    Need for E-Banking
     Differentiation of products

     Branchless, Peopleless banking

     Increasing volume of banking transactions

     Cost effective
    ELECTRONIC PAYMENT
    SYSTEM
     CHEQUE TRUNCATION
     ATMs
     CARDS
     ECS
     EFT
     RTGS & NEFT
     INTERNET BANKING
    EFT
     Saraf Committee
     Fund Traansfer between a/cs
     RBI Centres only
     Remitting Branch, Service Branch, Local RBI,
    INFINET, RBI at the Receiving centre,
    Receiving bank
     No limit
     No service charge by RBI.
     Now?
    ECS
     Saraf Committee
     RBI – Aug 1994
     Bulk Payments/ Receipts
     Small value
     To individual accounts
    Eg : Dividend, SIP, Bill payments

    Sponsor Bank RBI Different Banks


    ECS….
     ECS Credit (No limit)

     ECS Debit (Mandate, Validity Period,


    Upper Limit)
    RTGS & NEFT
     Gross Vs Net
     Timely
     IFSC Code
    Mobile Banking
     Transactions through mobile phones

     Push & Pull


    Internet Banking
      Internet banking - Online
    THANK YOU

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