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Presentation on E- Banking Technology

Presentation on E- Banking TechnologyPresented 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: 21-047Presented to:Md Abdul Hannan Mia

BCom, MCom, PGD, MSc, MBA, FCMA, PhD

Professor, Department of MIS

University of Dhaka, Bangladesh

ContentsTechnology & Difference between hard technology and soft technologyThe 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


TechnologyTechnology. 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 technology1. Soft Technology2. Hard Technology

Difference between hard technology and soft technologyHard TechnologyA 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 TechnologySoft Technology is a technology that exists inside peoples heads.Thats my colloquial way of putting it, at any rate.the rules to a card game (Poker, Blackjack, War, )the scientific methodthe practice of mathematicsThese are all technologies, these are all real things, that you dont 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 month495 million POS transactions per monthSome e-banking services are in infancy where some are more matureNew versions of technologies are coming with less complexityThis 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 incomeIndividuals with higher net worthIndividuals with expectations of higher incomes Young and married and educated individualsthe 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 Backbases omnichannel platform for digital banking

Atom: A digital bank with FISs core banking system and other management technologies.

Banks in UK and their technologies

BFC: A subsidiary of Bahrain financing company which has opted a ERIs core banking system

Cambridge and Counties Bank: Another bank of SME with phoebus softwares 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 YouAny Question?