role of it and is in banking
TRANSCRIPT
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Prepared by,
• Jigar
• Hardik
• Rohan
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Outline Banking Sector Introduction
Difference between IT & IS
Opportunities of IT in Banking
Challenges of IT in Banking
Banking Divisions and its Role
Conclusion
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Banking Sector
9%
15%
26%10%
40%50%
GDP Contribution
Agriculture Sector
Industrial Sector
Services Sector
Banking Sector
Others
Source: Planning Commission, Govt. Of India
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Difference between IT & IS
Information Technology
Information System
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Opportunities of IT in Banking
Centralization of Bank’s data
Helps in decision making
Shelf life of paper documents
Replacing older method of cash withdrawals
and deposits
Human errors in interest and other calculations
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Challenges of IT in Banking
Customer retention
Security
Technical Challenges
Software bugs
Not all the process can be taken care-of
Costly updates
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Banking Divisions
Core Banking
Mobile Banking
Internet Banking
Batch Extracts and
Statement & Notices
Mobile
Banking
Internet Banking
Statement & Notices
Batch Extracts
Core Banking
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Core Banking Role of IT
Simplify monetary and non-monetary transaction
EOD processing
Automatic Passbook printing
Finger-print based transaction
Role of IS Customer attrition prediction
Sales analysis
Report for higher management
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Mobile Banking Role of IT
Balance Inquiry
Fund Transfer
E-statement
Role of IS
Data conversion as per mobile app format
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Internet Banking Role of IT
Online payment
Loan application
Online TD/RD creation
Role of IS
Data conversion as per web-page requirement
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Batch Extracts/Statement & Notices
Role of IT
Statement Printing
Extracts for third parties
Notices generation for customer
Role of IS
Data processing for both
Forecasting
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ConclusionBoth IT and IS plays a vital role in Banking
Saves time
Eases Monitoring
Can be accessed from anywhere
User-friendly
Secure
Less human error in accounting
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Thank you