The Future of Banking


[attachment=18040]

Many Benefits of Technology

Increased operational efficiency, profitability & productivity
Superior customer service
Multi-channel, real-time transaction processing
Better cross-selling ability
Improved management and accountability
Efficient NPA and risk management
Minimal transaction costs
Improved financial analyses capabilities


Financial Technology Infrastructure

Data Center to host servers for:
CBS
ATM/Financial Switch
Internet Banking
DW/DM/CRM/MIS etc.
Back-office Application
E-mail Servers, Internet Server,
Enterprise-wide Network & Networking Equipment
Security Systems
Systems at Branches/RO/ZO/CO Depts.
Supporting Systems
Disaster Recovery Site & Business Continuity

Technology Acquisition

Inappropriate technology purchases can be the root of all problems…
The Bank management has to:
Give thought to the utilization rate
Avoid “knee-jerk” reactions (“they have done it…I should also do it”)
Be impartial in technology decisions (“I like that technology…I want
it”)
Understand where the solution will fit AND where it won’t!


Technology & Monetary Systems


The Opportunities –
The proliferation of IT has also set the stage for improving and managing risks in payment systems
Electronic Trading Systems
DVP/PVP
RTGS
Secured Netting Systems
The growth of the Central Counterparty (CCP)
Continuous Linked Settlement

Assess the strengths & weakness of solution
And seek answer to “are we ready for it?”