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Modern Electronic Banking
Problem & Vision
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Traditional Banking Branch Banking Transaction with Cash and Cheque
Limited to Deposit, Withdrawal and Cheque Payment Interest Income on Saving & Fixed Deposit Limited Products like Deposit & Loan Time Consuming Safety
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The Shift
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Vatican City, Pope Announcement
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Technical Journey of Electronic Banking
Around 2014 Digital Banking, Omni Banking Around 2010 Complete Mobile Banking Around 2009 USSD, Mobile Apps ( Less Functionality) Around 2005 SMS Alerts, Push Pull Services SMS, USSD, Mobile Internet, Downloadable Apps, Facebook, Twitter, You Tube, Digital Promotions Around 2002 IVR, Call Center Around 1990 Internet Banking Around 1960 ATM Around 1950 Core Banking
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Functional Evolution Mobile based Account Opening, Mobile based Cheque Deposit, mPOS etc…. Fund Transfer, Topup, Bill Payment etc… Balance Enquiry, Mini-Statement, Full Statement etc….
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Role of Digital Banking in Day to Day Life
8am – Payment for Breakfast On way the Checked Stock Price 9am – Taxi Payment 11am – Done Mobile Recharge 1pm - Lunch Movie Ticket Booking Checked Financial Details
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Advantages Proximity & Convenience Portability Cost Savings
Track Spending Industry Benefits
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Our Cell Phone has already replaced our camera, calendar, computer, watch and alarm clock. What about Banking … ?
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A Growing App Culture App ownership vs. future interest
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DIGITIZATION is at the center of all strategies
“Today there are only two types of Organizations, those that have been reshaped by digital technology, and those that soon will be” DIGITIZATION is at the center of all strategies
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Agents
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Challenges Challenges for country authorities in regulating and supervising the financial system Security Trust Factor Customer Awareness Privacy Risk Strengthening the public support Availability of Personnel services Implementation of global technology Handling Technology
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Challenges in Digital Transformation
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Guidelines to Success Technology to support all Business
Go to Market Strategy Technology Driven Human Focus Ease of use
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ModeFinServer – Omni Channel Banking Solution Provider
Core Banking Mobile Banking Internet Banking Agency Banking Mobile Wallet with Micro Saving and Lending mVisa and Masterpass mPOS
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Customers are becoming increasingly comfortable with technology, they are interacting with banks in multiple ways. They expect to be treated as individuals and according to their preferences. For banks, the time is now to take advantage of the Modern Technologies available. As the world becomes even more digital, capitalizing on technology will make the difference.
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