Vol Presentation Satish
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Information Technology in
BFSI Domain Presented By:
Anthony Joseph Ashish Kumar Jain Satish Kachhawa Shweta Singh
Economy • Primary Sector – Mining, Agriculture & fishing • Secondary Sector- Manufacturing • Tertiary Sector - Services
Interdependence Growth Rate 12 10
10
10
9.8 9
8.6
8.2 7.6
8
percentage
9.9
8.7
6 4
3.9 2.3
2 0.7 0
2003
2004
2005
2006
Prim ary
10
0.7
2.3
3.9
Secondary
7.6
8.6
9
8.7
Tertiary
8.2
9.9
9.8
10
Year Prim ary
Secondary
Tertiary
Technology and Cost Advantage
563
600
30000 25479
500
482
25000
400 263
300 200 3250 100
39
21.71
6366 10
3.45
2908
20000
No. Of Branches (Thousands)
15000
Profit Per Employee in Lakhs
10000
No. of employee (Thousands)
5000
4.65
0
0 Citibank
ICICI
Federal Bank
Karur
Processes Involved In implementation • • • • • •
Product Support Process Outsourcing Hardware and Software maintenance Training and education System Integration & application development IT Consulting
Financial Services Sector
Commercial Banks
Capital Markets
Term-Lending FIs
MFs
Insurance Companies
NBFC
Important Development in IT with Major impact on Financial Services
Management Information System BANKNET Communication Network Distributed computing devices Open systems High-speed data networks (LAN,WAN,ISDN) RDBMS Use of Multimedia for storage of text, graphics, video, sound, etc
IT Systems related to Financial Services ATMs Virtual Bank Home Banking Smart Cards EDI (Electronic Data Interchange) Image Processing (Cheque Truncation) Expert Systems (Neural Network, CIBIL) Electronic Funds Transfer at Point of Sale
E-Commerce & Internet are the two most important developments in the world of financial services. e-Commerce
B2B
B2C
Implementation of Core Banking in IDBI Began its operation with Rs.100 cr in 1995, was catering primarily to corporate clients.
In 2001, Bank decided to focus on retail banking.
Required Technology up-gradation to offer a wide variety of products and services.
Needed scalability in its operations due to expectation of high volume growth in transaction.
Bank choose Finacle (core banking soln by Infosys) with features like 24*7 Availability, Web Technology and extensibility.
Advantages of Implementing Core Banking solution in IDBI
Bank was able to quickly spread network of 53 branches and 79 ATMs to 92 branches and 291 ATMs.
Emerged as third largest private bank in terms of distribution.
Customer interface through multiple delivery channel, increased customer satisfaction.
Reduced end-of-day processing time by 80%.
Ease in rolling out new products.
BFSI Domain Presented By:
Anthony Joseph Ashish Kumar Jain Satish Kachhawa Shweta Singh
Economy • Primary Sector – Mining, Agriculture & fishing • Secondary Sector- Manufacturing • Tertiary Sector - Services
Interdependence Growth Rate 12 10
10
10
9.8 9
8.6
8.2 7.6
8
percentage
9.9
8.7
6 4
3.9 2.3
2 0.7 0
2003
2004
2005
2006
Prim ary
10
0.7
2.3
3.9
Secondary
7.6
8.6
9
8.7
Tertiary
8.2
9.9
9.8
10
Year Prim ary
Secondary
Tertiary
Technology and Cost Advantage
563
600
30000 25479
500
482
25000
400 263
300 200 3250 100
39
21.71
6366 10
3.45
2908
20000
No. Of Branches (Thousands)
15000
Profit Per Employee in Lakhs
10000
No. of employee (Thousands)
5000
4.65
0
0 Citibank
ICICI
Federal Bank
Karur
Processes Involved In implementation • • • • • •
Product Support Process Outsourcing Hardware and Software maintenance Training and education System Integration & application development IT Consulting
Financial Services Sector
Commercial Banks
Capital Markets
Term-Lending FIs
MFs
Insurance Companies
NBFC
Important Development in IT with Major impact on Financial Services
Management Information System BANKNET Communication Network Distributed computing devices Open systems High-speed data networks (LAN,WAN,ISDN) RDBMS Use of Multimedia for storage of text, graphics, video, sound, etc
IT Systems related to Financial Services ATMs Virtual Bank Home Banking Smart Cards EDI (Electronic Data Interchange) Image Processing (Cheque Truncation) Expert Systems (Neural Network, CIBIL) Electronic Funds Transfer at Point of Sale
E-Commerce & Internet are the two most important developments in the world of financial services. e-Commerce
B2B
B2C
Implementation of Core Banking in IDBI Began its operation with Rs.100 cr in 1995, was catering primarily to corporate clients.
In 2001, Bank decided to focus on retail banking.
Required Technology up-gradation to offer a wide variety of products and services.
Needed scalability in its operations due to expectation of high volume growth in transaction.
Bank choose Finacle (core banking soln by Infosys) with features like 24*7 Availability, Web Technology and extensibility.
Advantages of Implementing Core Banking solution in IDBI
Bank was able to quickly spread network of 53 branches and 79 ATMs to 92 branches and 291 ATMs.
Emerged as third largest private bank in terms of distribution.
Customer interface through multiple delivery channel, increased customer satisfaction.
Reduced end-of-day processing time by 80%.
Ease in rolling out new products.
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