Online Banking solution developed by DWI Technologies
Text of Dwi Ebanking
1. DWI eBanking Interacting with banks has never been that easy... Copyright2008 DWI Technologies
2. African banks schema, nowadays Where banks are available and at the reach of the people, people still pays their bills by mail and deposit checks at their bank branch. Copyright2008 DWI Technologies 3. Problems with the actual african banking schema
Waiting time:Sometimes, all one needs to do is a quick and simple transaction. It could be a check deposit, a quick cash withdrawal, or just check the balance of ones account. But customers end up wasting time queuing up just to do it over the counter.
Closing hours: When bank closing hours approach, one ends up rushing around just to do ones transaction within normal banking hours.
Assurance:After making a check deposit, one has to go again to the bank to see if the deposit has been effective in his account.
Oversea transfers:Oversea transfers are such a cumbersome because of the lack of connectivity between African and oversea banking institutions.
Copyright2008 DWI Technologies 4. Which banking solution could be made
Easily and from every device reachable
Connected and interacting with other banks.
Copyright2008 DWI Technologies 5. Driving forces of the new economy
Reducedbarriers to entry Increasedcustomerexpectation Masscustomization Death ofdistance More accurateinformation More competition Copyright2008 DWI Technologies Political Managerial Societal Environmental Economical Technological 6. Online banking and its implications on banks
Low barriers to entry
Changes in Organization structure
Collaboration and Outsourcing
Challenge from Non-Bank Financial Institutions
Copyright2008 DWI Technologies 7. Overview of the online banking Online Banking uses today's computer technology to give people the option of bypassing the time-consuming, paper-based aspects of traditional banking in order to manage finances more quickly and efficiently.This is why DWI Technologies is offering the possibility to handle transactions with your customers simply, quickly and conveniently per online bank transfer.Online bank transactions have clear economic and strategic advantages: Quick settlement, increased security for the merchant at a lower rate (compared to credit card transactions) and guaranteed payments since the customer can not refund the transaction once the order was executed by the bank. Copyright2008 DWI Technologies 8. Advantages of online banking
Convenience:Unlike corner banks, online banking sites never close; they're available 24 hours a day, seven days a week, and they're only a mouse click away.
Ubiquity:If out of the country when a money problem arises, one can log on instantly to his online bank and take care of business, 24/7.
Transaction speed:Online bank sites generally execute and confirm transactions at or quicker than ATM processing speeds.
Efficiency:One can access and manage all of his bank accounts, from one secure site.
Effectiveness:Many online banking sites now offer sophisticated tools, including account aggregation, stock quotes, rate alerts and portfolio managing programs to help you manage all of your assets more effectively. And most are also compatible with money managing programs such as Quicken and Microsoft Money.
Copyright2008 DWI Technologies 9. What will the customer gain with online banking
Secure and easy payment, using the well known PIN/TAN method (the use of OTP keys can be implemented)
Direct control of payment
Time-critical payments can be released
Direct control of turnovers
Convenience, thanks to pre-completed forms
Copyright2008 DWI Technologies 10. What will the customer do with DWI eBanking
View account balances
Access account history
Transfer funds between accounts
Schedule future transfers
Pay bills electronically
Schedule automatic recurring bill payment
Make oversea transfers
View images of bill statements, checks and deposit slips
Receive alerts vie e-mail, wireless devices and private banking site (changes of services, movements regarding the account)
Copyright2008 DWI Technologies 11. What will the bank gain with the eBanking
Provision of a widely used and established mode of payment (online banking)
Simple implementation in existing shop systems
Access to new target groups. No Credit Card needs to be available.
No risk of bad debts due to return debits
Fast availability of customer payments
Improved liquidity thanks to secure receipt of payments
Wide bank coverage
Copyright2008 DWI Technologies 12. What will the bank do with the eBanking
Banks view online banking as a powerful "value added" tool to attract and retain new customers while helping to eliminate costly paper handling and teller interactions in an increasingly competitive banking environment.
Better transmission of the customer data to the respective online bank
Real-time confirmation of the transfer transaction triggered
Account monitoring and payment received message
Posting and accounting of all transactions, including reporting, debtor status and delivery of balance sheet data in a format suitable for auditing
Copyright2008 DWI Technologies 13. What will DWI eBanking solution provide
Customized interface : to interact with the eBanking solution according to ones language and preferences
Job scheduling system : to perform overnight transactions within banks through a secure channel
Backup system : to keep track of the whole system and minimize, if not nullify, loss of data
Encryption : A 128-bits encryption for each and every transaction
Database : A centralized database for all the system
Copyright2008 DWI Technologies 14. What will DWI eBanking solution guarantee
Security:Through a secure connection to the server, the eBanking solution is meant to be secure and has been proof tested against the most common attacks against web-applications (SQL Injection, Cross Site Scripting, Application Buffer Overflow).
Ease of understanding:The interface and solution of the eBanking solution are straight forward, built to meet the needs and requirements of the customer to avoid him the aches of mastering a new environment.
Privacy:Built upon the Virtual Private Database paradigm, the eBanking will comply with high level of privacy policies both on the customer and on the bank side.
Effectiveness:The eBanking solution is meant to be available, and up and running 24/7/365 (Every hour of every day throughout the year).
Reliability:The eBanking solution is built in a manner to minimize all crash and bottlenecks.
Copyright2008 DWI Technologies 15. DWI eBanking
We give you all that, made and customized for you, and we increase your business trust in your partners eyes.
Interacting with banks has never been that easy...
Copyright2008 DWI Technologies 16.
We are waiting and keen to build a partnership with you.