Future of IT in banking

1. 1 December 2011
Present & Future of IT in Banking Industry
Presented by
Anit Kr. Roy

2. Introduction1
Technology in Banking Industry2
Road Map:-
Significance of Computerization3
Future Technology4

3. Introduction
Ø Banking industry has been growing through a process of
transformation since 1991.
Ø IT emerging as the integrator, assisting banks in the management of
process of transformation(Conventional Banking to Convenience
Banking).
Ø Sophisticated computers gave banks the potential they could only
dream of and have given customers a high expectations.
Ø Narrowing the gap between public sector & private sector banks in
terms of service.
Ø Banks gain vital competitive advantage with the implementation of IT.

4. Technology in Banking
Industry
I. Core banking
II. ATM
III. Internet Banking
IV. Point of sale terminal
V. Mobile Banking
VI. Electronic Clearing Service( Debit & credit clearing)

5. Significance of
Computerization in Banks.
v Any time Banking
v On the go Banking
v Corporate Banking
v Security

6. Future Technologies
• Cloud Computing
• Locker securities system
• Cheque & cash machine
• Data Mining & warehousing.

7. Cloud Computing
ü Cost Reduction For Banking Sector
ü Time saving for Customers
ü Easier & Faster Validation Of New Accounts
ü Centralized Control

8. Locker Security System
Ø Time & Cost Saving
Ø Less dependence
Ø More Secured

9. LOGO
Cheque & Cash machine
9
v Easy Cheque Dispensing & Collection
v Better Data-Base Management
v Easy Cash collection & Transferability

10. LOGO
Data Mining
10
v Analyse financial data to identify business potential
v Identify customer to focus on.