Information Technology

in

BFSI Domain

Presented By:
Anthony Joseph
Ashish Kumar Jain
Satish Kachhawa
Shweta Singh
 Economy

• Primary Sector – Mining, Agriculture & fishing

• Secondary Sector- Manufacturing

• Tertiary Sector - Services

 Interdependence
Growth Rate

12

10 10 9.9 9.8 10
9
8.6 8.7
8 8.2
percentage

7.6

4 3.9

2.3
2

0.7
0
2003 2004 2005 2006

Prim ary 10 0.7 2.3 3.9

Secondary 7.6 8.6 9 8.7
Tertiary 8.2 9.9 9.8 10
Year

Prim ary Secondary Tertiary

Technology and Cost Advantage

600 563 30000

25479 482
500 25000
No. Of Branches
400 20000 (Thousands)

263 Profit Per Employee in

300 15000
Lakhs
200 10000 No. of employee
3250 (Thousands)
6366 2908
100 39 21.71 5000
10 3.45 4.65
0 0
Citibank ICICI Federal Bank Karur
Processes Involved In implementation

• Product Support
• Process Outsourcing
• Hardware and Software maintenance
• Training and education
• System Integration & application development
• IT Consulting
 Financial Services Sector

Commercial Capital
Banks Markets

Term-Lending
FIs Insurance
Companies

MFs NBFC
 Important Development in IT
with
Major impact on Financial Services

Management Information System

BANKNET Communication Network
Distributed computing devices
Open systems
High-speed data networks (LAN,WAN,ISDN)
RDBMS
Use of Multimedia for storage of text, graphics,
video, sound, etc
IT Systems related to Financial Services

ATMs

Virtual Bank

Home Banking

Smart Cards

EDI (Electronic Data Interchange)

Image Processing (Cheque Truncation)

Expert Systems (Neural Network, CIBIL)

Electronic Funds Transfer at Point of Sale

E-Commerce & Internet are the two most
important developments in the world of
financial services.

e-Commerce

B2B B2C
Implementation of Core Banking in
IDBI
 Began its operation with Rs.100 cr in 1995, was catering
primarily to corporate clients.
 In 2001, Bank decided to focus on retail banking.
 Required Technology up-gradation to offer a wide variety of products
and services.
 Needed scalability in its operations due to expectation of high volume
growth in transaction.
 Bank choose Finacle (core banking soln by Infosys) with features like
24*7 Availability, Web Technology and extensibility.
Advantages of Implementing Core Banking solution in IDBI

 Bank was able to quickly spread network of 53 branches and 79

ATMs to 92 branches and 291 ATMs.
 Emerged as third largest private bank in terms of distribution.
 Customer interface through multiple delivery channel, increased
customer satisfaction.
 Reduced end-of-day processing time by 80%.
 Ease in rolling out new products.