VIRTUAL BANKING

Views:
 
     
 

Presentation Description

VIRTUAL BANKING-By 2008 IOB IT Managers

Comments

Presentation Transcript

Welcome to all IOBIANS : 

Welcome to all IOBIANS

VIRTUAL BANKING : 

VIRTUAL BANKING A VIRTUE OR CURSE

Virtual Banking : 

Virtual Banking Bank with a very small or nonexistent branch network services through the Internet or other electronic channels

Origin : 

Origin Security First Network Bank (SFNB) – Oct 18,1995 - Atlanta,Georgia,USA. Asia’s first virtual bank was FinatiQ – a division of the Bank of Singapore - April 2000

Features of Virtual Banking : 

Features of Virtual Banking Online Banking E-Mail Banking Phone Banking Mobile Banking Automatic Teller Machine

Online Banking ? : 

Online Banking ? Customer to conduct financial transactions on a secure website operated by their virtual bank.

Features of Online Banking : 

Features of Online Banking Any Time 24*7*365 Any where Bill payments Investment (Online Trading) Fund Transfers (Inter & Intra bank) Request for Demand draft, Pay Order etc...

Email Banking ? : 

Email Banking ? The service which can be done for specific transaction though Registerd Email ID.

Features of E-Mail Banking : 

Features of E-Mail Banking Receive daily, monthly statements through registered email id. Cheque book request. PIN request.

Phone Banking ? : 

Phone Banking ? Customers to perform transactions over the telephone Most telephone banking use an automated phone answering system with phone keypad response or voice recognition capability

Features of Phone Banking : 

Features of Phone Banking Balance Inquiry Account Statement (For the day or any specific period on Fax) Transaction Details Cheque Related Information

Mobile Banking ? : 

Mobile Banking ? The service which can be done for specific transaction through Registerd Mobile Number.

Features of Mobile Banking : 

Features of Mobile Banking Automatic Alerts SMS Requests

ATM ? : 

ATM ? An Automated Teller Machine is a computerised telecommunications device that provides the customers to access financial transactions in a public space without the need for a human clerk or bank teller.

Features of ATM : 

Features of ATM Withdraw cash instantly. Withdraw cash across the world through international cards. View mini statement. Cheque Book Request. Deposit cash and cheque for collection. Card to Card Transfer

Advantages of Virtual Banking : 

Advantages of Virtual Banking Convenience Ubiquity Transaction speed Efficiency Effectiveness

Disadvantages of Virtual Banking : 

Disadvantages of Virtual Banking Fraud Start-up may take time Learning curve Bank site changes The trust thing

How best IOB can implement : 

How best IOB can implement Paying routine bills, fees and taxes Printing Bank Statements Updating passbooks Reaching the Remote Hassle Free Service Purchasing Postage Stamps Train Tickets

How Best IOB can implement : 

How Best IOB can implement Transaction between the banks Deposit - ATM Using the Mobiles Biometrics Concepts

Biometrics Technology : 

Biometrics Technology Bio Metric Finger Card

Slide 21: 

Biometrics Technology

Slide 22: 

FINGER CARD

Conclusion : 

Conclusion Virtual Banking is Virtue

? : 

?

THANK YOU UmaSumithaAnandhiSenthil kumarAswath RamanAjarangi kumar : 

THANK YOU UmaSumithaAnandhiSenthil kumarAswath RamanAjarangi kumar