Professional Documents
Culture Documents
Introduction
Banks and financial services organizations have long recognized the advantages of
deploying technology to improve the value, speed and flexibility of their product
offering to customers. Particularly in today’s highly competitive banking industry,
core banking technology is a vital element that helps a bank differentiates itself.
This is especially true on the retail front, and allows banks to offer many new
technology driven channels to customers such as ATMs and Internet banking, thus
pioneering the concept of Anywhere Banking, and eliminating the concept of
branch banking. With features like real-time transaction processing coming into
effect, customers can experience the benefits of “real-time banking” and no longer
need to wait days or weeks for their transactions to be completed. Another key
advantage of technology is the significant decrease of product development and
testing lead time, leading to faster launch of new products for the bank – enhancing
the organization’s innovativeness and agility.
The study will allow for the identification of the various inadequacies in the Core
Banking Solutions as well as identify the various causes for these inadequacies.
This will be important in being able to develop control or corrective measures for
the inadequacies and to ensure that the implementation falls back on line and that it
meets the objectives it was previously set to achieve. The inadequacies of Core
Banking Solutions have largely been contributed by lack of initiative of top
management. For any successful implementation of a project or policy roll out, the
management has a huge influence. The decisions taken and the support extended to
implementation staff are very critical
Methodology
The research will be done to understand the Core Banking Solutions and the
perception of customers regarding it. Hence it will be necessary to conduct a
research on the process. The research design used in this research will be
Exploratory Research Design.
No of Respondents
50
Location of Study
New Delhi
Graphs:
Graphical representations will be used to show the results in simple form. The
graphs will be prepared on the basis of data that will be received from the
percentage analysis
Chapterization Scheme
This research project consists of six chapters, excluding reference and appendices
list. The chapters are presented below.
CHAPTER 1 Introduction
Bibliography
References
1. Kotler, Philips principles of marketing (2016) pp-155-162.
6. www.wikipedia.com
7. Advanced Database Technologies Dr. N Mamoulis
8. www.infosys.com/finacle
9. Info 330 slides courtesy Mirek Riedewald
10. CN3023, Databases 3, School of Informatics
11. www.ewsolutions.com
12. Data Mining ppt courtesy Denise Ecklund
QUESTIONNAIRE
8. Some banks are beginning to use a personalized image to authenticate the online
banking site to the user. Each user selects a picture they would like to use, and every
time they login to the online banking site, the picture is displayed by the bank. If the
picture is NOT there, the user will know that they did not reach the bank’s real site.
Would you like to use a personalized image of some sort?
Yes ------------------------------------------
No -------------------------------------------
Do not know/ cannot say ----------------
9. AS FAR AS YOU KNOW, DOES YOUR BANK USE ANY OF THE SECURITY
METHODS MENTIONED BELOW?
Yes, my bank uses personalized images -----------------------
Yes, my bank uses tokens or hardware devices --------------
Yes, my bank uses risk-based authentication, asking additional secret questions for high-
risk transactions -----------------------------
Yes, my bank uses risk-based authentication, confirming via an automated phone call for
high-risk transactions ---------------------------
No, my bank does not use any additional authentication mechanism besides standard user
name and password for all transactions ------
Yes, other ---------------------------------------------------------
13. ARE YOU LESS LIKELY TO SIGN UP OR CONTINUE TO USE YOUR BANK’S
ONLINE SERVICES BECAUSE OF THE PHISHING PHENOMENON?
Not at all less likely -----------------------------
Somewhat less likely ---------------------------
Very less likely ---------------------------------
14. DO YOU AGREE THAT BANKS STRONGLY ADDRESSING THE SECURITY
ISSUES WILL HELP TO BOOST E- BANKING IN INDIA?
Yes ---------------------------------------------
No ----------------------------------------------
Do not know/ Cannot say ------------------