Role of Technology in Banking Sector
IMPACT OF TECHNOLOGY IN INDIAN BANKING SECTOR
LAVANYA. D(AUTHOR)
RESEARCH SCHOLAR
ST.PETERS UNIVERSITY, CHENNAI
&
Dr. R. GAYATHRI(CO-AUTHOR) ST.PETERS COLLEGE OF ENGINEERING AND TECHNOLOGY. CHENNAI
LIST OF CONTENTS
SL.NO PARTICULARS PAGE NO
1. PROJECT ABSTRACT 3
2. VARIOUS METHODS OF MONEY 4-6 TRANSFER THROUGH ONLINE
3. NEFT/RTGS 7-8
4. EXAMPLE 8-10
5. ECS 11-12
6. EFS 14-17
7. MOBILE BANKING 18-19
8. CONCLUSION 20
9. REFERENCES 21
PROJECT ABSTRACT
ROLE OF TECHNOLOGY IN BANKING SECTOR
INTRODUCTION :The Banking Industry is witnessing a revolution in products, process, market and regulations. And it’s a revolution that is not about to stop or even slow down. Since the only option is to adapt and evolve, it is essential that system have the flexibility to quickly adjust the need of today’s financial market.
It’s a tough challenge, because today’s fast moving market place is also extremely competitive. More over the need to retain the existing customers and attract new ones often conflicts with the need to reduce the cost and improve the efficiency. But what ever the challenges facing in retail banking operations the technology which help the Bank through online banking system to meet the over come of them.
Online banking system offers flexible, client server technology based on a scalable system. Its centralized, customer centric design to offers a complete set of integral retail banking modules sharing a user friendly interface. The modules are of two types
1. Customer transaction module and
2. Employee transaction module.
Customer Transaction Module : An enhanced atomized system is developed to maintain customer transaction. Features includes
Creation of new banking customer
LAVANYA. D(AUTHOR)
RESEARCH SCHOLAR
ST.PETERS UNIVERSITY, CHENNAI
&
Dr. R. GAYATHRI(CO-AUTHOR) ST.PETERS COLLEGE OF ENGINEERING AND TECHNOLOGY. CHENNAI
LIST OF CONTENTS
SL.NO PARTICULARS PAGE NO
1. PROJECT ABSTRACT 3
2. VARIOUS METHODS OF MONEY 4-6 TRANSFER THROUGH ONLINE
3. NEFT/RTGS 7-8
4. EXAMPLE 8-10
5. ECS 11-12
6. EFS 14-17
7. MOBILE BANKING 18-19
8. CONCLUSION 20
9. REFERENCES 21
PROJECT ABSTRACT
ROLE OF TECHNOLOGY IN BANKING SECTOR
INTRODUCTION :The Banking Industry is witnessing a revolution in products, process, market and regulations. And it’s a revolution that is not about to stop or even slow down. Since the only option is to adapt and evolve, it is essential that system have the flexibility to quickly adjust the need of today’s financial market.
It’s a tough challenge, because today’s fast moving market place is also extremely competitive. More over the need to retain the existing customers and attract new ones often conflicts with the need to reduce the cost and improve the efficiency. But what ever the challenges facing in retail banking operations the technology which help the Bank through online banking system to meet the over come of them.
Online banking system offers flexible, client server technology based on a scalable system. Its centralized, customer centric design to offers a complete set of integral retail banking modules sharing a user friendly interface. The modules are of two types
1. Customer transaction module and
2. Employee transaction module.
Customer Transaction Module : An enhanced atomized system is developed to maintain customer transaction. Features includes
Creation of new banking customer
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