Use of IT in Banking Sectors.

TEAM MASTERMIND

http://www.free-powerpoint-templatedesign.co
 Team Masterminds Members-

01 Kamrul Hasan- 2018110000009

02 MD. Azad Hossain Joy- 2018110000051

03 Sarmin Akter- 2018010000013

04 Minhazul Kabir- 2018110000047

05 MD. Sazzat Raihen- 2018110000041

06 Shah Md. Ranak Hasan- 2018110000018

 Information technology (IT) is the use of any
computers, storage, networking and other
physical devices, infrastructure and processes to
create, process, store, secure and exchange all
forms of electronic data.
 A bank is a financial institution that accepts deposits from the public
and creates credit. Lending activities can be
performed either directly or indirectly through capital markets.
Application of Technology in Banking sector:

 To protect and increase market share.

 To reduce operating cost by subtracting

physical capitalizing and Technology for labor.

 To generate new revenue use of technology

banking allow banks to expand their markets
for trade & deposits.
Mobile Internet MIC
Banking EFT ATM SMS Banking
Banking
 Continued…

Home Banking

Debit Card & Credit Card

SWIFT

Point of Sale

Home Banking
Percentage of Banks Providing Technology Driven
Service-
24- hours cash Statement
deposit and request through
withdrawal ATM/Debit/Credit
facility. Card.

Quick cash Transfer own

withdrawal funds to other
without having account number
cheque in same bank.

Account
activities Can able to pay
enquiry in any utilities bill
moment.
 Anywhere
Banking

Benefits of
technology
Anytime
ATM use in Banks
(To the Banking
customer)

Cost
reduction
 Benefits of technology use in Banks (To the Bank):

Innovative, scheme, addresses competition and present the

bank as Technology driven in the banking sector market.

Reduces customer to the branch and thereby human

intervention.

Inter-branch reconciliation is immediate thereby reducing chances

of fraud and misappropriation.

Integrated customer data paves way for individualized and

customized services.
Impact Technology on Banking System-

• The relationship between the bank and customers has been on a

one-to-one level via the branch network.

• The head office had responsibility for the overall clearing network.

• The modern bank cannot rely on branch network alone.

• Information about financial situations and about the services offered by

the bank.
 Inefficient and inadequate knowledge of the
01 bank management about the technology
driven banking.

Challenges Lack of proper strategic plan to gain and retain

02
of market share of the indigenous banks.
Technology
Driven
Banking: 03 Inadequate back and front office management.

Biasness of the management of bank towards

04
foreign software.
Recommendation for Improvement-

Train all staff about the basic ICT related matters.

The government should provide assistance for

reducing the cost of providing the technology
driven banking services,

Review their business strategy and create the

required space for adopting technology driven
banking.
Continued…

Technology driven banking can be promoted

through advertising in print and electronic media.

Bank should gives technology service to their

customer in low charge.

The tech based banking products can be made more

cost effective to make them more attractive to mass
people.