Professional Documents
Culture Documents
A presentation By V.G.Subramanian
Historical Perspective
The IT saga in Indian Banking commenced from the mid eighties of the twentieth century when the Reserve Bank took upon itself the task of promoting automation in banking to improve customer service, book keeping, MIS and productivity.
Historical Perspective
During the earlier years, use of Technology in banking operations arose more as a necessity to manage housekeeping and to strengthen internal control systems Prime movers being Regulatory Agencies such as RBI, CVC..
Historical Perspective..
Over the years, Banks themselves have embarked upon major technology driven programs, in the face of competition and being driven by need to service customers more effectively and efficiently. Especially with the arrival of new generation private sector banks, technology has become an integral part of Banks business strategy and a tool for creating value and customer satisfaction, resulting in redefining of Banking and rediscovering of Customer.
Historical Perspective.
Computerisation of branches of banks began in the late eighties with the introduction of ledger posting machines (LPMs), advanced ledger posting machines (ALPMs), followed by Stand alone computer systems (LANs) which metamorphosed into network based systems (WANs), with the latest development being the installation of Core Banking solutions
Evolution of Technology..
?
ALPMs
CBS
TBMs
LANs
Current Scenario
Distributed Data Base A tool for acquiring, servicing and enhancing customer base offering wide range of product options and delivery channels, Internet Banking, Phone/Mobile Banking, Any where Any time Banking. Vanilla Solutions vs End to End Single Platform Solutions across the Globe Integration with other applications.
Regulatory
Core Processing
Employee Access
Customer Access
Oracle GL Oracle Performance Management CRISIL & Reuters Credit & Risk Management Data Warehouse
Finacle CBS for domestic & int. Document Mgmt & Workflow Hire Purch. & Leasing Depository Credit Card Asset Mgmt Chq Clearing
Finacle Internet & SMS Banking Phone Banking Oracle CRM Internet Payment Gateway Online Trading ATM Switch
Issues to be addressed..
How to pay for Technology? How to get / create best value out of use of Technology ? How to put spare capacity to use ? Can we collaborate, co-brand or outsource..? How to leverage Technology A great Disciplinarian ? How to meet aspirations of Stakeholders, Customers, Employees .optimally ? How can Technology facilitate consolidation/ convergence ?
?
Nt + Oo = Eo
Thank you