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Welcometo all

IOBIANS

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VIRTUAL BANKING

A VIRTUE OR CURSE

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Virtual Banking

Bank with a very small or nonexistent branchnetwork

services through the Internet or other

electronic channels

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Origin

Security First Network Bank (SFNB) Oct

18,1995 - Atlanta,Georgia,USA.

Asias first virtual bank was FinatiQ a

division of the Bank of Singapore - April

2000

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Features of Virtual

Banking Online Banking

E-Mail Banking

Phone Banking

Mobile Banking

Automatic Teller Machine

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Online Banking ?

Customer to conduct financial transactions

on a secure website operated by their virtual

bank.

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Features of Online

Banking

Any Time 24*7*365

Any where

Bill payments Investment (Online Trading)

Fund Transfers (Inter & Intra bank)

Request for Demand draft, Pay Order etc...

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Email Banking ?

The service which can be done for specific

transaction though Registerd Email ID.

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Features of E-Mail

Banking Receive daily, monthly statements through

registered email id.

Cheque book request.

PIN request.

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Phone Banking ?

Customers to perform transactions over the

telephone

Most telephone banking use an automated

phone answering system with phone keypad

response or voice recognition capability

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Features of Phone

Banking Balance Inquiry

Account Statement (For the day or any specific

period on Fax) Transaction Details

Cheque Related Information

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Mobile Banking ?

The service which can be done for specific

transaction through Registerd Mobile

Number.

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Features of Mobile

Banking Automatic Alerts

SMS Requests

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ATM ?

An Automated Teller Machine is a

computerised telecommunications device

that provides the customers to accessfinancial transactions in a public space

without the need for a human clerk or bank

teller.

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Features of ATM

Withdraw cash instantly.

Withdraw cash across the world through

international cards. View mini statement.

Cheque Book Request.

Deposit cash and cheque for collection. Card to Card Transfer

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Advantages of Virtual

Banking Convenience

Ubiquity

Transaction speed

Efficiency

Effectiveness

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Disadvantages of Virtual

Banking

Fraud

Start-up may take time

Learning curve

Bank site changes The trust thing

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How best IOB can

implement Paying routine bills, fees and taxes

Printing Bank Statements

Updating passbooks

Reaching the Remote

Hassle Free Service Purchasing

Postage Stamps

Train Tickets

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How Best IOB can

implement Transaction between the banks

Deposit - ATM

Using the Mobiles

Biometrics Concepts

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Biometrics

Technology Bio Metric

Finger Card

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Biometrics Technology

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FINGER CARD

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Conclusion

Virtual Banking is Virtue

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?

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THANK YOUUma

Sumitha

AnandhiSenthil kumar

Aswath RamanAjarangi kumar