Smart banking: an introduction

Table of Contents:

PART ONE

Chapter I: Core Banking Solution (CBS)

1. Introduction
2. General Characteristics
3. System Architecture
4. Access Control
5. Operational Structure
6. Functional Controls
7. Accounting and Data Processing System
8. Management Information System (MIS)
9. Management of Technology Risks
10. Operations Risk Management
11. Limitations

PART TWO

Chapter II: Cheque Payment System

1. MICR Clearing
2. Speed Clearing
3. Cheque Truncation System (CTS)

Chapter III: Card Payment System

1. Characteristics of Card
2. Card Payment Switch
3. ATM Networks
a) National Financial Switch (NFS)
b) Other ATM Networks
4. Card Payment Network
5. Card Payment Devices
a) Automated Teller Machine (ATM)
b) Point of Sale (PoS) Terminal
c) Micro-ATM

Chapter IV: Electronic Funds Transfer System

1. RTGS and NEFT
2. Electronic Clearing Service (ECS)
3. National Automatic Clearing House (NACH)
4. Immediate Payment Service (IMPS)

Chapter V: Aadhaar Based Payment Systems

1. Aadhaar Payment Bridge System (APBS)
2. Aadhaar Enabled Payment System (AEPS)

PART THREE

Chapter VI: Other Digital Banking Channels

1. Internet Banking
2. Online Payment of Bills, Taxes and E-Commerce
3. Mobile Banking
4. Mobile Wallet (M-Wallet)

PART FOUR

Chapter VII: Treasury

1. Responsibilities
2. Activities
3. Organisational Structure
4. Systems and Solution

Chapter VIII: Securities and Foreign Exchange Trading Systems

1. Negotiated Dealing System (NDS)
2. CLS Multi-Currency Settlement System
3. Clearcorp Dealing System

PART FIVE

Chapter IX: Other Systems and Solutions

1. Asset Liability Management (ALM) Solution
2. Anti-Money Laundering (AML) Solution
3. Wealth Management Solution
4. Cash Management Service (CMS) Solution
5. Customer Relationship Management (CRM) Solution
6. Loan Origination System
7. Online Settlement of Trading in Shares / Securities
8. Aadhaar Based Account Opening

Chapter X: Supplemental Electronic Devices

1. Banknote Processing Machine
2. Cash Deposit Machine
3. Currency Counting Machine
4. Passbook Printer

PART SIX

Chapter XI: Financial Communication Networks

1. Indian Financial Network (INFINET)
2. Structured Financial Messaging System (SFMS)
3. Mail Messaging System (MMS)
4. Society for Worldwide Inter-bank Financial Telecommunication (SWIFT)

PART SEVEN

Chapter XII: Key Technology Initiatives of RBI

1. Development of inter-bank payment system
2. Establishment of Institute for Development and Research in Banking Technology (IDRBT)
3. Promotion of Institutional Infrastructure for Inter-bank Payment, Trading and Settlement in Domestic and Foreign Currency
4. Laws and Regulations
5. Policy Directions
6. Technical Committee on Mobile Banking

The book explains how with the help of technology banks are providing innovative services by managing wide network of branches and delivery channels. It focuses on key banking activities and IT applications driving the banking processes.
The book describes the inter-connection between the Core Banking Solution, delivery channels and the networking platforms facilitating online transactions between banks, customers and the business entities. Readers will find the book helpful in addressing questions like:
• How does Anywhere Anytime Banking work?
• What is Core Banking Solution?
• How do ATMs function?
• How are payments effected with Debit/Credit Card?
• How does instant funds transfer take place?
• What are Internet Banking, Mobile Banking and Mobile Wallet?
• What are ‘Aadhaar’ enabled services?
• How do payments relating to stock market, bills, taxes and e-commerce takes place?
The book also gives overview of:
• Treasury, Securities Trading and Foreign Exchange Trading Systems
• Wealth Management, Cash Management and Customer Relationship Management Solutions
• Loan Origination System
• Anti-Money Laundering and Asset Liability Management Solutions
• Financial Communication Networks
• Key RBI Initiatives and emerging trends.
The book will help students of banking, IT professionals engaged in banking applications, bankers and bank customers in scaling up the understanding about technology driven banking.


(http://smartbanking.in/)