Topic : Banking Technology

Class: PGDM B&F

Group Members:-

Name ROLL NO

• Tanishka Dalvi 10

• Priyanka Nankani 18

• Bhakti shinde 36

• Tamanna Rohra 28

• Nikita Amil 04
SR NO INDEX PG NO.
1
LAN  4
 
WAN 5 
2
CORE BANKING 6 ,7
 
ATM  8
3
PLASTIC MONEY 9 
 
DEBIT & CREDIT CARDS  10,11,12
4
CYBER SECURITY  13
 
PHISHING 14 
5

NEFT, RTGS, SWIFT  15, 16, 17

 Local Area Network (LAN)
 The computer network that links computers, network devices and
peripherals within a localized area is known as LAN.
 It will not exceed beyond 150m.
 In LANs, each independent system is known as Node and when
they are interconnected, it is known as LAN.
 Server provides and controls all the services of the network.
 The concept of LAN is very important for branch computerization
in banks.
 Front office computerization comprises the installation of several
client machines with online data entry and updates.
Disadvantages:
Advantages:
•Customers can be provided services •Complicated software
from any counter. •Higher security risk
•No necessity of duplication of •High maintenance cost
databases.
•No overloading on single machine.
 Wide Area Network (WAN)
 A WAN is a telecommunications network that extends over a large
geographical area for the primary purpose of computer
networking.
 Transmission speed and capacity are limited and data transfer
rates are very low as compared to LAN
 In banking sector, WANs are generally used to interconnect
branches with regional/zonal offices to head office.

Advantages: Disadvantages:
•Covers large geographical •Slower than LANs
•High set up cost
area.
•Needs antivirus software and
•Decision making
firewalls.
•Quick response
•The further the distance, the
•Submit returns to regulatory
slower the network. 
authorities in time.
Meaning of core banking

 Core banking is a banking service provided by a group of

networked bank branches where customers may access
their bank account and perform basic transactions from
any of the member branch offices.
 Core banking function will include transaction
accounts , loans ,mortgages, & payment. Banks makes
these services available across multiples channels like
automated teller machine, internet banking , mobile
banking and branches.
Features of core banking

 Opening new accounts in the bank.

 Processing and recording money deposits and cash
withdrawal.
 Calculating loan interest.
 Processing loans.
 Cheque clearance.
 Payment clearance.
 Managing customer information.
 Calculating and managing interest rate
What is ATM ?

 An automated teller machine (ATM) is an electronic banking

outlet that allows customers to complete basic transactions
without the aid of a branch representative or teller. Anyone
with a credit card or debit card can access most ATMs
 Advantages : 1. Round the Clock Services 
2. Access to bank from any part of the world
3. For shopping Purpose
 Disadvantages: 1. Limitation of cash withdrawals
2. Cannot be provided in rural areas
3. Possibility of misusing ATM card
What is Plastic Money ?
Plastic moneyis a term predominantly used in reference to the hard plastic cards that we use
everyday in place of the actual bank notes.

Plastic money is also called “polymer money” is the easier way for the payment of goods &
services.

Plastic moneywas introduced in the year 1950 & now is an essential form of ready money which
has reduced the risk of handling a huge amount of cash.

They can come in many different forms such as :

debit cards
Credit cards
Instore cards
 Pre-paid cards
Common Banking Products Available:
 Credit Card: Credit Card is “post paid” or “pay later”
card that draws from a credit line-money made available
by the card issuer (bank) and gives one a grace period to
pay. If the amount is not paid full by the end of the
period, one is charged interest
 Debit Cards: Debit Card is a “prepaid” or “pay now”
card with some stored value. Debit Cards quickly debit or
subtract money from one’s savings account, or if one
were taking out cash.
Every time a person uses the card, the merchant who in
turn can get the money transferred to his account from
the bank of the buyers, by debiting an exact amount of
purchase from the card. We get a debit card along with a
Personal Identification Number (PIN).
Precautions:

 Change the pin immediately after receiving the card from

bank.
 Don’t write down your PIN anywhere. MEMORIZE IT
 Preferably use a ATM which is within bank premises or
manned 24 hrs by a security guard.
 While using the online settlement use the virtual
keyboard.
 Register yourself for the SMS alert services.
 change your PIN as often as convenient.
 If your card is lost immediately contact your bank.
Cyber Security
Cyber-security is the practice of defending computers, servers, mobile
devices, electronic systems, networks, and data from malicious attacks.

 Network security :- It is the practice of securing a computer network

from intruders, whether targeted attackers or opportunistic malware.

 Application security :- It focuses on keeping software and devices

free of threats.

 Information security :- It protects the integrity and privacy of data , both in storage and
in transit.

 Operational security :- It includes the processes and decisions for handling & proctecting
data assets.
Phishing:
Phishing is the fraudulent attempt to obtain sensitive information such as
usernames, passwords and credit card details by disguising oneself as a
trustworthy entity in an electronic communication.
Types of phishing:
Whaling phishing :- Whaling is not very different from spear phishing, but
the targeted group becomes more specific and confined in this type of
phishing attack.
Vishing phishing :- Vishing refers to phishing done over phone calls. 
Smishing phishing :- SMS phishing or Smishing is one of the easiest types of
phishing attacks. The user is targeted by using SMS alerts.
Search Engine Phishing :- Search engine phishing is the type of phishing that
refers to the creation of a fake webpage for targeting specific keywords 
Spear Phishing :-It involves sending emails to millions of unknown users –
spear phishing is typically targeted in nature
NEFT RTGS
(National Electronic Funds transfer) (Real Time Gross settlement)

 MEANING :  MEANING:
 It is a system that facilities  It means money transfer
individulas,firms and from one bank to another in
corporates to electronically “real time” and on gross
transfer funds from one branch basis.
to other branch.  LIMIT:
 IFSC :  RS: 2 LAKH
 To know IFSC code of  CHARGES:
beneficiary’s account
 RS: 25-30 (up to 2-5 lakhs),
 LIMIT :
RS:50-55(above 5 lakh)
 No minimum limit
SWIFT :
(SOCIETY FOR WORLDWIDE INTERBANK FINANCIAL
TELECOMMUNICATION)

SWIFT is a vast messaging network used by banks and

other financial institutions to quickly,accurately,and
securely send and receive information.
Thank You