PRESENTATION ON
INTERNET BANKING
By
Laxmi Kant Yadav Mani Prakash Singh
Roll no-BM-015133 Rollno-BM-015135
Madhav Thareja ...
Contents
History
Definition
Services
Advantages
Disadvantages
Challenges
Main concerns
Guidelines of IB
Conclusion
History
 Online services started in New York in 1981 when four
of the city’s major banks offered internet banking
service...
DEFINITION
• A system of banking in which customers can view
their account details, pay transfer money by means of
the int...
Services
 Bill payment
 Schedule payment in advance
 Transfer funds
 Manage all accounts in one place
 View images of...
Advantages
 Cost less
 High transaction speed
 Efficiency
 Speed banking
 Vast coverage
 24 hour banking services
Disadvantages
 Security
 Learning difficulties
 Lack of skilled personnel
 Technical breakdowns
 Long start up time
Challenges
 Demand side pressure due to increasing access to low
cost electronic services.
 Emergence of open standards ...
Main concerns
 Firewalls and filtering routers ensure that only the
legitimate Internet users are allowed to access the
s...
Guidelines of Internet banking
Reserve Bank of India had set up a ‘Working Group on
Internet Banking’ to examine different...
CONCLUSION
 The strategy of bank is to provide value added services
and products to the consumer, utilizing the internet
...
Presention on ib
Presention on ib
of 13

Presention on ib

MANI
Published on: Mar 4, 2016
Published in: Marketing      
Source: www.slideshare.net


Transcripts - Presention on ib

  • 1. PRESENTATION ON INTERNET BANKING By Laxmi Kant Yadav Mani Prakash Singh Roll no-BM-015133 Rollno-BM-015135 Madhav Thareja Manish Kr Tiwari Roll no-BM-015134 Rollno-BM-015136 
  • 2. Contents History Definition Services Advantages Disadvantages Challenges Main concerns Guidelines of IB Conclusion
  • 3. History  Online services started in New York in 1981 when four of the city’s major banks offered internet banking services :  Citibank  Chase Manhattan  Chemical  Manufactures Hanover
  • 4. DEFINITION • A system of banking in which customers can view their account details, pay transfer money by means of the internet. • The remote delivery of new and traditional banking products and services through electronic delivery channels.
  • 5. Services  Bill payment  Schedule payment in advance  Transfer funds  Manage all accounts in one place  View images of your cheque online  Order a check book  Track your payment history  Shopping
  • 6. Advantages  Cost less  High transaction speed  Efficiency  Speed banking  Vast coverage  24 hour banking services
  • 7. Disadvantages  Security  Learning difficulties  Lack of skilled personnel  Technical breakdowns  Long start up time
  • 8. Challenges  Demand side pressure due to increasing access to low cost electronic services.  Emergence of open standards for banking functionality.  Growing customer awareness and need of transparency.  Global players in the fray
  • 9. Main concerns  Firewalls and filtering routers ensure that only the legitimate Internet users are allowed to access the system  Encryption techniques used by the bank (including the sophisticated public key encryption) would ensure that privacy of data flowing between the browser and the Infinity system is protected.
  • 10. Guidelines of Internet banking Reserve Bank of India had set up a ‘Working Group on Internet Banking’ to examine different aspects of Internet Banking (I-banking). The Group had focused on three major areas of I-banking.  Technology and security issues  Legal issues  Regulatory and supervisory issues
  • 11. CONCLUSION  The strategy of bank is to provide value added services and products to the consumer, utilizing the internet extensively.  The main aim of E-banking is to making transactions through online poses and make customer more beneficial  Most of the Indian populations are salaries employees who do not have that volume of transaction that can be used for online transaction.

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