C Forum 2014 – ‘BIT COINS’Future of Banking & Finance - Technology Perspective

Daya HettiarachchiChairman/CEO

Our Gratitude! Our Gratitude! • Our humble Beginning in 1991 • We were in a Journey of Quality• Without sacrificing Time & Cost• The Triple constraints of SOFTWARE!• Systems Management with Open Architecture• Innovative solutions for Banking & Finance,

Security Markets & ERP domains• OpenArc School - Education is not-for-profit• Thank you very much for being with us

‘‘BIT COINS’BIT COINS’• Bitcoins redefined !

Banking with Innovative Technologies - Currencies of Invisible Nano Space

• Crypto Currencies – Talk of Cash less world• Need to explore Bit Coins?•Bitcoin wallet•Coinbase.com•Localbitcions.com•Bitcoinmining.com

• Go to Virwox – Virtual World Exchange : USD ↔ BTC

‘‘BIT COINS’ – know more about itBIT COINS’ – know more about it

How To Buy-Get Your First Bitcoins.mp4What is a BitCoin Explained - Tech Tips.mp4BIT COINS - CEO Presentation 2014\Bitcoin- All the Facts.mp4BIT COINS - CEO Presentation 2014\What is Bitcoin Mining.mp4BIT COINS - CEO Presentation 2014\What is Bitcoin.mp4Why Mining Understanding Why Bitcoiners Mine isFundamental.mp4

‘‘BIT COINS’ Web LinksBIT COINS’ Web LinksAbout Crypto currency•http://en.wikipedia.org/wiki/Cryptocurrency

History of Bitcoin•http://en.wikipedia.org/wiki/History_of_Bitcoin

About Bitcoin•http://bitcoin.org

Other Info•http://www.theguardian.com/technology/2013/apr/07/bitcoin-scares-banks-governments•http://www.bankrate.com/financing/banking/what-does-bitcoin-mean-for-banks/•http://moneymorning.com/2013/12/20/impact-bitcoin-u-s-dollar/•http://www.coindesk.com/warren-buffett-investors-stay-away-bitcoin/

‘‘BIT COINS’BIT COINS’

• Where are we heading?• Good & Bad of Bitcoins• Banks’ future in a Cashless digital currency

world?• Cannot be traced – can be used for illegal

transactions• Need to be watchful & redefine our banking &

finance strategies for the future

Banking in Sri LankaBanking in Sri Lanka• When are we going to stop cheque writing?• When can we make online recoveries of dues

from client accounts – any bank, any account? • Mobile banking – with multiple banks

On Internet - YesOn Mobile Phone - No

• Mobile PaymentsTelco Lead model - YesBank Lead model - No

• Transaction Cost?• Technology infrastructure of LankaClear

Your Future CustomerYour Future Customer

• Need convenience• Need better systems• Don’t want to waste time• Mobile banking with one PIN – customer

definable• Multiple Banks, Multiple Account types• Anywhere, Anytime banking• Any mobile phone • Shift from seller’s market to buyers market!• Are we ready to face the challenge?

ConstraintsConstraints

• Financial Institutions - are they strictly following the regulations?

• Suggest - Industry Regulation through software companies

• Need relationship between regulators & software suppliers

• Need relationship between Infrastructure providers & software solution providers

• Suggest - PPP• Not enough data for customer screening & credit

control – Not using credit bureaus

OpenArc SolutionsOpenArc Solutions

SkySwitch – ISO 85/83 connectivity tool for SkyPay – Mobile & Internet payment platform

– A bank lead model SkyTeller – ATM solution to all finance companies

SkyWallet Unbanked customers mobile solution that can be linked to SkySave savings systemSkyBank Truly integrated Core Banking initiative from Sri Lanka SkyMessenger – instant alert engine

OpenArc Solutions – Stock MarketOpenArc Solutions – Stock Market

UniSETSUnified platform for Securities TradingUniIPO An Internet platform for IPO managementLinked to SkyPay online payment system

First time in Sri LankaOpenArc IPO on Internet

OpenArc – Road MapOpenArc – Road Map

SkyBank A complete, Integrated Core banking

solution from Sri Lanka to global marketsUniSETS

A complete integrated solution for Stock marketsMyERP

Open Source ERP for multiple virtual industriesEx : My School / MyHotel

Software based future diversification

Thank you !Thank you !

For being with OpenArc - a truly Sri Lankan software company.We need your much valued partnership & support in this journey of promoting high quality Sri Lankan software for the global marketsLocal First – Global Next!