Presentation on E- Banking Technology
Presented by:Syed Mohammad Masrur Rahman ID: 61634-27-035 Sadia Sultana Setu ID: 61634-27-065Md. Imran Hossain ID: 61634-27-060Ashikur Rahman ID: 61426-19-018Md. Baharul Alam ID: 21-047
Presented to:Md Abdul Hannan Mia BCom, MCom, PGD, MSc, MBA, FCMA, PhD
Professor, Department of MIS
University of Dhaka, Bangladesh
Contents Technology & Difference between hard technology and soft technology The Adoption of E-Banking technology in US
Background of E-Banking technology in US
Personal and E-Banking characteristics
Differences among E-Banking technologies
Banks in UK and their technologies
Fraedom
Technology
Technology. the branch of knowledge that deals with the creation and use of technical means and their interrelation with life, society, and the environment, drawing upon such subjects as industrial arts, engineering, applied science, and pure science. the application of this knowledge for practical ends.
There are two parts of technology 1. Soft Technology 2. Hard Technology
Difference between hard technology and soft technology
Hard Technology A “hard technology” is any technology that exists outside of the person. So, for example, a computer is a hard technology. A robot is a hard technology. So is a blanket, for that matter,
or a pencil. A password system is a hard technology. All these things exist, automatically, outside of the person. As such, they are hard technologies. we may find it useful to read the page Hard Security right around now. It appears to be no accident, that the terms are similar: The concepts of Hard Technology and Soft Technology mirror the concepts of Hard Security and Soft Security. I imagine that these terms have been used for some time, and we are ourselves only just, in these past handful of years, learning the discussion, and the language.
Soft Technology Soft Technology is a technology that exists inside people’s heads. That’s my colloquial way of putting it, at any rate. the rules to a card game (Poker, Blackjack, War, …) the scientific method the practice of mathematics These are all technologies, these are all real things, that you don’t just wake up one morning, and know how to
do. The ideas here are invented, and communicated, and replicated. They are used, diagrammed, explained, reworked, blended, appropriated, all these various things, just like any other technology.
The Adoption of E-Banking technology in US
Electronic banking (e-banking) technology represents a variety of different services, ranging from the common automatic teller machine (ATM) services and direct deposit to automatic bill payment (ABP), electronic transfer of funds (EFT), and computer banking (PC banking). The use of some e-banking technologies has grown rapidly in the USA, while others have been adopted more slowly.
Some e-banking services are still in their infancy while others are more mature, and banks are making adjustments in service to meet customer needs.
Background of E-Banking technology in US
93% people have EFT feature associated bank accounts (2003). 902 million ATM transactions per month 495 million POS transactions per month Some e-banking services are in infancy where some are more
mature New versions of technologies are coming with less complexity This brief overview of the e-banking marketplace points to
mixed results with regard to consumer adoption and success of e-banking products and services. While adoption of some e-banking technologies is widespread, this may be due to the fact that the technology is passive rather than active in nature Some technologies are mature, while others are more truly new.
Personal and E-Banking characteristics
Peoples more likely to adopt e-banking technology: Individuals with higher income Individuals with higher net worth Individuals with expectations of higher incomes Young and married and educated individuals
the greater the likelihood of adoption in:-advantages e-banking offersThe simpler e-banking is to useThe more observable e-banking isThe more compatible e-banking is with the way consumers manage their financesIndividuals who evidence involvement in e-banking by already using ATMs or direct deposit
Personal and E-Banking characteristics
E-banking characteristics which encourage people to adopt it:
The easier and simpler process of using
The more observable banking
The more compatible way
The less risky e-banking is perceived
Differences among E-Banking technologies
ABP, Phone banking or PC banking are three different types of banking supported by technologies.
ABP is a passive technology, uses preauthorized payment instructions
Phone banking is a active technology where banking is done over phone in person
PC banking is the fast growing e-banking technologies
Banks in UK and their technologies
There are many banks with new technologies and features are entering the UK banking sectors. Some banks with their technologies are given below.
Abacus: A digital bank with Temenos and T24
Aldermore bank: SME based bank with T24 system and Backbase’s omnichannel platform for digital banking
Atom: A digital bank with FIS’s core banking system and other management technologies.
Banks in UK and their technologies
BFC: A subsidiary of Bahrain financing company which has opted a ERI’s core banking system
Cambridge and Counties Bank: Another bank of SME with phoebus software’s core system
Civilised Bank: A start-up yet to get license. It has got a packaged software solution from Tusmor. Besides all these there are many more banks in UK equipped with new generation software solutions and E-Banking facilities
Technology Driven Banking in Bangladesh:Present Status, Future Prospects and Challenges
Thank You
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