BANKING TECHNOLOGY by SUDHIR LAD
BANK COMPUTERISATION Only after 1983 and after the first report of ‘Rangarajan Committee’ were there brisks activities in order to bring quick technological changes in the field of computers and communication Another committee was constituted in 1988 under the chairmanship of Dr. C. Rangarajan then deputy Governor of R. B. I. to drew up a perspective plan on computerisation of banks for a five year period 1990 -94
Major objectives of computerisation in banking 1) Customer service 2) House Keeping 3) Decision Making 4) Productivity & profitability
Generation of computers Stand alone (ALPM) Multi-User Compuerisation at branch level: Better customer service, house keeping Computerisation at Zonal/Regional Office a)inter branch reconciliation b) credit monitoring c) personal data Head Office: a) personal management b)fund management c) Invetment profile
Networking A) LAN B) WAN TOPOLOGY ( Lay out) : The way in which the devices are inter connected is known as topology Types of topology: a) BUS b) Ring C)Star Protocols are the rules of communication between simmillar modules of process
Other devices Multiplexer : is used to receive signal from several communication line & pass on to one communication line & vice versa Advantages of LAN Disadvantges of Lan Advantages of WAN Disadvantages Of Wan
Wan features : a) Sizeable geographical area b)based on telecommunication network e. g leased lines/ISDN lines Satelite: Satelite is alternative to wire telecommunication Data , Text, Voice & Video information are converted to radio waves at earth stations and are beamed up over a braod band transmission channel to a satelite
UPS a) ON LINE B) Off line Online UPS has battery charger cum rectifier / Off-line UPShas battery charger & Invertor Bank uses Online UPS
Core banking A) business components b) Benefits C)Essential requirement DRS & BCP Infrastructure of CBS : a) Soft-ware b) Hardware c) Networking Electronic payment system 1)ATM 2)HAWK 3) Electronic Magnetic Cards a)Credit card b) Debit Card c) Smart Card d) Charge card e) Restricted card/Member card f) Electronic Purse g) Bank Card H) electronic cheuqe I) Electronic cash j) electronic token k) Corporate cash management
Electronic banking: A) Any time banking b) Any where banking c) Home banking d) Internete banking e) mbile banking f) electronic commerce (Ecommerce) Signature storage & retrival Cheque truncation Note & Coin counting machine
Data communication components A) Transmission Devices & Interface equipements a) Mdem b) Router B) Transmission Medium 1) Terrestrial Cables a) Twisted Pair Cables b) Coaxial Cable c) Optical fibre 2) Microwave system c) Satelite communication
Transmission processor a) message switches b) multiplexer c) Front end processor Message switches is used for store & forward data to a large number of terminals over a single communication channel Multiplexer is a device that enables more than one signals to be sent simultaneously over a one physical channel. It combines two or more terminals Front end processor : communication for host computer
Modes of transmission A)Simplex b) Half-duplex c)Full-duplex Network senario in India a)INET (Developed by deprtment of telephone) b)NICNET (National information centre govt of india organisation) Indias largest WAN c) Indonet (CMC ltd. Countrywide network and gateway for INET) Internet is global networks of network
Networks for indian banking a)RBI’s. VSAT network Uses : EFT/Telefax/Structured Messages SWIFT Automated clearing system a)CHIPS : New York b) CHAPS : UK c) CHATS : Hong Kong Fund Transfer a)Fedwire b) Bankwire c)POS Developments in INDIA: a) ECS b)EFT c) RTGS d) Digital Signature
Trends in technology devlopement A) Data Warehousing b) Data Mining c) Corporate web site d) MIS RISK : a) Data & Software b) Infrastructure c) Peopleware Threat : a)Accidental damage b”) Malacious damage Controls: a)Physical b) Internal c) Operational
Computer Audit: a) Scope of Computer Audit b) Audit Approach Evolution reqquirements a)Computer H/W b) Computer S/w c) Data d)Communication channel e)contingency planning & recovery procedure f) system development process
QUESTION & ANSWERTS THANK YOU BEST OF LUCK
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