cficc 2010 presentation final round

8/4/2019 CFICC 2010 Presentation Final Round

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A COMPREHENSIVE E-SAVINGS SCHEME:

A JOURNEY TOWARDS MOBILE WALLET

Group name: BUET EnrootersTeam Leader:

Md. Zunaid Baten, Lecturer, EEE, BUET

Members:

Syed Bahauddin Alam EEEShakhawat Hosen Tanim URPA B M Rafi Sazzad EEEMd. Nazmus Sakib EEEE

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Project Overview

Mobile wallet

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E-transactions for more than50 million cell phone users

possible

IT based solution for attracting

more people towards banking

services

SOLUTION

Contd.

Only around 19 million bank

account holders

SOLUTION

Cellular communication notbeing extensively utilized for

transactions

Motivations

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MOTIVES

Dissemination of e-transaction

using even the simplest mobile

phones and technological

infrastructures

A business strategy with the

vision of inspiring savingsSOLUTION

SOLUTION

Culture of savings missing

among all income groups

Requirement of sophisticated

cell phones or high speed

internet for e-Transactions

Motivations

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Business Scheme

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Business Strategy

Collaboration

User level integration

e-Load centers

Monetary transaction

Mobile wallet

Additional services

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One to One model

One to Many model

Contd.

Bank

Mobile

company

Bank

MobileCompany1

MobileCompany2

MobileCompany2

Collaboration

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Many to many model:

With central server Without central server

Bank1Mobile

company1

Bank2 Mobilecompany2

Central server

Bank1Mobile

company1

Bank2Mobile

company2

Collaboration

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Authorized outlets for cash deposit

Any mobile balance recharging

center (like Flexiload of

Grameenphone, i-Top up ofBanglalink etc.)

Bank(s)

Cellular

Communi

cation

E-load

CentersClient

Collaboration Boughtpackage

E-transaction to

bank account

E-transaction to

bank account

E-transaction to

bank account

E-load centers

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To encourage saving any amount of money

To encourages savings for all income group

To increase overall savings

Slogan of My savings or by the distribution of piggybanks to each registered client

Promotional Concept : My Savings

Objectives

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Users

(individuals/institution)

Bank sectorsTelecom

sectors

Registration fees

Service charge

Transaction fees

SMS chargeregistration

Transaction fees

Balance

checking fees

Banking Service

Loan providing Based on Data Mining

Cash flow

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Cost and Benefits for our project

Prime cost Registration fee

Infrastructuredevelopment

Physical cost

Operational cost Remuneration costMaintenance cost

Updating cost

Marketing and

promotional costProduct distributionOperational manual

Publicity cost

Training cost

Communication costIntellectual cost

Security saving

Cost for cheque andpaper

Direct operational costsaving

Manpower reduce

Banking profit increase

CostBenefits

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Opening account (e-account)Savings or fixed accountMoney deposit(through e-loads

centers)My savings

e-transaction : Mobile wallet

Business Process

Registration

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How secured the e-transactions are going to be?

Is it protected enough in the Business Gateway?Will the national ID info shared by thegovernment?

If not, how to confirm someone's identity duringe-transaction?

Security ConcernSolution

Identity concern

Problems and challenges

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Technological Developments

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Channel

A New Dimension of Security:Digital Watermarking

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Digital Watermarking in Our Scheme

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Voice verification How is it done?

Next Generation Authentication: VoiceVerification

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How is it done?

Stored Voiceprint

State of the Art Authentication :Voice Verification

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Confirmationpin

Voice SMS withPin-code

Voice Recognition

BankingServices

Registration

Use Voice Verification??Use Voice Verification??

YesNo

Voice Verification in Our Scheme

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An Intruder has to ..

Impossible

Security Breach : How difficult?

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The concept ofE-LOAD Centers

Promotional concept like My Savings

Watermarking (of 3 different types) for securityenhancement

Voice verification for client authentication

Expansion of the mobile wallet concept

Novelties of the Work

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Real Life Implementation

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Based on existing GSM/CDMA based cellular communication,which is ubiquitous in the country

No sophisticated mobile phone required (JAVA applicationsnot necessary)

No additional establishment cost for e-load centers


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Collaboration between telecom and public/private sectoralready existsBillsPay between GP & PDB, Titas

Mobitaka between GP & Bangladesh Railway

EasyPay between GP & HSBC

Cellbazaar feature provided by GP

Voice verification being used by US PORTPASS program at U.S-Canadian border

Call centre market in Taiwan

Israeli Bank Leumi for banking security

Numerous companies for voice verification

Contd.


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18%

37%16%

17%

12%less than 1 lack1 lack to 3 lack

3 lack to 5 lack

5 lack to 7.5 lack

more than 7.5 lack

Mobile Banking : Really Pragmatic?

Statistics of India

Source: Telicomindiaonline.com

Mobile Banking for different income group

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Technological Demonstration

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Developed Softwares

Audio watermarker and removerImage watermarker and remover

Text watermarker and removerVoice verification

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cficc 2010 presentation final round

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