Upload
ngodiep
View
216
Download
3
Embed Size (px)
Citation preview
National Conference on Best Practices in STCCS at BIRD, Lucknow - 5-6 January 2018
Dep
to
f F
ina
nci
al
Incl
usi
on
& B
an
kin
g T
ech
no
log
y
Why ICT in Banking
Today’s best banking practices leverage ICT for core functional needs
Maintaining adequate capital to risk weighted assets
Raising cheap resources and efficient deployment of funds
Adopting sound credit management techniques
Regulatory and supervisory compliance
Financial inclusion and literacy
Pleasurable customer experience
Effective MIS for decision making and oversight
Overcoming challenges related to specialised skill sets
Indian Banking Landscape going Digital
Huge transformation with challenges and opportunities posed by ICT
Less Cash Economy, JAM Effect, DBT
Explosion of FinTechs
New age banking / financial players
(Payments Banks, Post Office Bank, Peer Lending Platforms, Mobile
Wallets like Google Tez, PayTM, WhatsApp (Planning)
Virtual Banking – a reality now
CBS –Foundation of
Digital Banking
Expansion of Payments
Acceptance Infrastructure
Increased Usage of Card
Payments
Adoption of New
Payments Platforms
Leveraging Data
Digital Agenda
Post CBS Add-on Services
RTGS/NEFT
ATMs
PoS/
MicroATMs
RuPayCards
AEPSe-
KYC
NACH and DBT
Mobile / Internet Banking
UPI – BHIM
ECom
Platform created by RCBs
Platform readiness No. of Banks
Banks on CBS 376
Banks on card technology & ATM 368
Banks giving SMS Alerts to its customers 367
Banks which have membership with at least one credit information company (CIC)
340
Banks having RTGS/NEFT 376
Banks which completed POS Certification 367
Banks live on e-commerce 234
Banks on DBT 352
RuPay KCC – Anantapur DCCB
Round-the-clock KCC a/c transactions through RuPay Kissan Card
Reduced drudgery & enhanced operational efficiency
RuPay KCC – Anantapur DCCB
Round-the-clock KCC a/c transactions through RuPay Kissan Card
No. of Eligible Farmers : 1,21,000
No. of RuPay KCC cards ordered : 1,21,000
No. of RuPay KCC cards received : 1,08,053 (89%)
No. of RuPay KCC issued to farmers : 85,273 (79%)
No. of RuPay KCC cards activated : 40,153 (49%)
Average No. of Transactions per Day : 4000+
Payment Acceptance Infrastructure thru PACS – Burdwan DCCB
PACS are on-field outlet for DCCB
PACS integrated to DCCB’s CBS to better cater to it’s customers
Payment Acceptance Infrastructure thru PACS – Burdwan DCCB
More than 150 micro ATMs
Being made live for on-us transactions at PACS
ATMs also being installed
More than 40,000 savings a/c’s have been opened and integrated with CBS
More than 40,000 EMV Chip based Rupay Kisan Debit Cards delivered and
handed over
10 FLCs have since been set-up
Core Banking Solutions – Chamoli DCCB
Manual banking systems are susceptible to unforeseen calamities
CBS on cloud ensures faster recovery & resumption of banking services
Educating the
Customer
Empowering the
Employee
Accelerating Innovations
Reliable Connectivity
& Power Supply
Mitigating Emerging
Risks
Digital Agenda - Challenges
Educating customer – Best practice
Mobile van by Wayanad DCCB with security system, ATM, LED TV screen,locker, solar power back up systems for in remote areas
Aim to spread Financial Literacy & facilitate adoption of Technology
Use of Alternative Sources of Energy –Narsinghpur DCCB
CBS needs uninterrupted power supply
Solar power used as primary power source
The Fourth Industrial Revolution (4IR) heralds an exponential
pace of technological change, building on the digital revolution to
combine technologies, spawn new ones, and transform systems,
industries, countries - even society itself.
Gradual or sudden shifts in consumer income and spending point
to need for new banking products or services
Proliferation of new technologies in Banking
What is ahead of us?
Rural Cooperative Banks have done commendable work to implement CBS
and on-board to post-CBS technologies
Technology is changing at a rapid pace and new tech-savvy competitors are
ever ready to disrupt the rural banking landscape
RCBs must stay relevant in this digital age for financial inclusion agenda and
be a catalyst for rural development
RCBs need to adopt relevant technology that will give pleasurable customer
experience in a secured way
Conclusion