Real-time retail banking system

1985 ◽  
Vol 8 (4) ◽  
pp. 214
Keyword(s):  
Real Time ◽  
Banking System ◽  
Retail Banking

Competition Between Neobanks and Online Banks in the French Retail Banking Market and Reactions From Universal Banks

2021 ◽  
pp. 191-216
Author(s):  
Jean Michel Rocchi
Keyword(s):  
Survival Analysis ◽  
Population Ecology ◽  
Banking System ◽  
Retail Banking ◽  
The Other ◽  
The Core ◽  
Banking Market ◽  
Set Up ◽  
Retail Banks ◽  
Market Strategies

This chapter will provide an analysis of market moves, and innovation sources, from newcomers and incumbent players, based on core and periphery networks theory; and additional survival analysis and VSR model, based on organizational population ecology. The French market neobanks, which are a subpart of fintech, are dominantly set up by entrepreneurs. On the contrary, online banks usually have universal banks as shareholders. Does this difference matter regarding market strategies? Is innovation coming only from peripheral actors like online banks and moreover neobanks, or do large retail banks at the heart of the banking system try to integrate or promote it? The author will discuss these topics to conclude with mixed evidence. Hence, if neobanks, on one hand, tend to converge towards the core; universal banks, on the other hand, are growingly accepting peripheral actors.

Prevention, Detection, and Recovery of CSRF Attack in Online Banking System

2017 ◽  
pp. 172-188
Author(s):  
Nitin Nagar ◽  
Ugrasen Suman
Keyword(s):  
Real Time ◽  
Banking System ◽  
Online Banking ◽  
Banking Systems ◽  
Removal And Recovery ◽  
Cross Site

Online banking system has created an enormous impact on IT, Individuals, and networking worlds. Online banking systems and its exclusive architecture have numerous features and advantages over traditional banking system. However, these new uniqueness create new vulnerabilities and attacks on an online banking system. Cross-site scripting request forgery or XSS attack is among the top vulnerabilities, according to recent studies. This exposure occurs, when a user uses the input from an online banking application without properly looking into them which allows an attacker to execute malicious scripts into the application. Current approaches use to mitigate this problem, especially on effective detection of XSS vulnerabilities in the application or prevention of real-time XSS attacks. To address this problem, the survey of different vulnerability attacks on online banking system performed and also presents a concept for the prevention, detection, removal and recovery of XSS vulnerabilities to secure the banking application.

scholarly journals La Biometrica a next level payment system: a conceptual view

2016 ◽  
Vol 11 (1) ◽  
pp. 8-14 ◽  
Author(s):  
Mustapha Ayoola Ishola
Keyword(s):  
Banking System ◽  
Retail Banking ◽  
Structural Development ◽  
Biometric Authentication ◽  
Economic Stability ◽  
System A ◽  
New Process ◽  
Identity Based ◽  
Conceptual Paper ◽  
Authentication System

Almost everyone agrees that present day banking systems and payment authorization techniques are far from perfect. This qualitative and conceptual paper attempts to redefine some roles of the central bank in financial systems and economic stability and proposes a new and innovative banking system authorization process. This new process will help to curb most financial irregularities and banking failures by offering central banks a draconian interventionist technique in retail banking that could shape the future structural development of the financial system and the economy and curtail crises. Identity is key to banking. It should, therefore, be of utmost importance that a good banking system be identity based. Hence, one should use a biometric authentication system for access control and operational management by a re-organization of the modus operandi in bank processing systems

Strategic Considerations of SaaS Implementation for Retail Banking System

2019 ◽  
Vol 3 (1) ◽  
pp. 85-93
Author(s):  
Ageng A. Amukti
Keyword(s):  
Business Model ◽  
Banking System ◽  
Financial System ◽  
Retail Banking ◽  
Software As A Service ◽  
Enterprise System ◽  
Service Model ◽  
Enterprise Software ◽  
Large Enterprise ◽  
High Elasticity

Globalization era has provide us with such benefits with all the technology and business innovations, but with the high pace of competition, the ability to adapt and evolve is increasingly important and demand of creating product with the latest technology became more common, this creates a problem for system provider that offer large Enterprise software as their system, as it is inherently complex and hard to maintain. To deal with this complexity, one of the emerging concept as a solution for this is by converting the enterprise system into SaaS or “software as a service” model, as it enable financial system providers to segregate their banking package into several modules or services with high elasticity and scalability, thus makes it easier to manage. But before adopting the SaaS technology, organizations need to know what kind of changes that need to be expected, as implementing retail banking system with SaaS model can be regarded as a different business model than the traditional in-house retail system, depending of the degree of model adoption, the changes emerged may be significant and if the organization is not ready then it will do more damage than benefits. This paper is trying to provide organization a strategic view for consideration before they can adopt SaaS model for their retail banking applications and highlighting some strategic considerations of SaaS model over traditional in-house applications.

scholarly journals A Literature Review of Non-Performing Loan

2021 ◽  
Vol 2 (5) ◽  
pp. 366-373
Author(s):  
Ardhi Khairi ◽  
Bahri Bahri ◽  
Bhenu Artha
Keyword(s):  
Financial Crisis ◽  
Literature Review ◽  
Interest Rates ◽  
Banking System ◽  
Retail Banking ◽  
Literature Study ◽  
Bank Profitability ◽  
Loan Portfolios ◽  
Low Interest Rates ◽  
Asset Quality

Lending is the primary business of retail banking and non-performing loans (NPLs) have been the focus of attention in recent years. In the wake of the 2008–2010 financial crisis, non-performing loans (NPLs) had increased everywhere, but in some countries they had reached unprecedented heights. Several banks have experienced a particularly challenging period over recent years and the Great Financial Crisis has highlighted the weakness of the banking system and the need to further investigate banks’ asset quality and transparency from both a regulatory and an accounting perspective, which pressure by different institutions for a more accurate assessment of loan portfolios led to the general need for higher provisioning in a period characterised by extremely low interest rates and low bank profitability. The objective of this research is to determine the factors associated with non-performing loans. We presented a literature study using systematic literature review of relevant publications and as a result of this process, we included 21 articles and then examined the bibliographical references to check the validity of the inquiry and to avoid any potential omissions. We identified several variables that affect NPLs and those that are influenced by NPLs. We found no variables that associate with policies, and strongly suggest research for variables that associate with policies.

scholarly journals Pandangan Pengguna Internet terhadap Minat dalam Adopsi Internet Banking pada Masyarakat Kota Batam, Provinsi Kepulauan Riau, Indonesia

SKETSA BISNIS ◽  
2020 ◽  
Vol 7 (1) ◽  
pp. 27-36
Author(s):  
Fendy Cuandra
Keyword(s):  
Financial Services ◽  
Banking System ◽  
Internet Banking ◽  
Retail Banking ◽  
The Internet ◽  
Banking Services ◽  
Self Service ◽  
Self Service Technology ◽  
Internet Banking Services ◽  
The Impact

Abstract Financial services have now been transformed due to the impact of the development of Information and Communication Technology (ICT). It also affects the form of retail banking services that occur in various countries, resulting in changes in the needs and preferences of consumers. Consumer needs have changed, making banks use advanced information technology such as the internet to achieve competitive advantage in terms of customer service. Internet Banking is a type of service in the form of an online transaction method for money transfer transactions in 1 (one) certain bank account to another account that can be done at any time. Internet banking services are becoming popular and growing services so that they are better known as self-service technology. However, internet banking services can be ignored and avoided if the customer feels that he is not ready or comfortable in utilizing the capabilities of the internet banking system. Keywords:internet, internet banking, technology Abstrak Pelayanan keuangan saat ini telah bertransformasi akibat dampak pengembangan Teknologi Informasi dan Komunikasi (TIK). Hal tersebut juga mempengaruhi bentuk layanan perbankan ritel yang terjadi di berbagai negara, sehingga terjadi perubahan atas kebutuhan maupun preferensi konsumen. Kebutuhan konsumen yang telah berubah, membuat perbankan memanfaatkan teknologi informasi maju seperti internet untuk mencapai keunggulan kompetitif dalam hal pelayanan konsumen. Internet Banking merupakan jenis layanan berupa metode bertransaksi secara online untuk transaksi pengiriman uang dalam 1 (satu) rekening bank tertentu ke rekening lain yang dapat dilakukan sewaktu-waktu. Layanan internet banking menjadi layanan populer dan berkembang sehingga lebih dikenal sebagai layanan teknologi mandiri (Self-service Technology). Namun, layanan internet banking dapat diacuhkan dan dihindari apabila pelanggan merasa belum siap ataupun belum nyaman dalam memanfaatkan kemampuan system internet banking.Kata Kunci: internet, internet banking, teknologi

scholarly journals Analysis of QKD multifactor authentication in online banking systems

2015 ◽  
Vol 63 (2) ◽  
pp. 545-548 ◽  
Author(s):  
A. Sharma ◽  
S.K. Lenka
Keyword(s):  
Banking System ◽  
Retail Banking ◽  
Online Banking ◽  
Security And Privacy ◽  
Online Fraud ◽  
Banking Systems ◽  
Labour Costs ◽  
Multifactor Authentication ◽  
Emerging Trends ◽  
Back Office

Abstract In the present scenario internet usage and the online banking sectors are experiencing spectacular growth. The Internet is the fastest growing banking channel today, both in the fields of corporate and retail banking. Banks prefer their customers to use the online banking facility as it reduces their cost, primarily through labour costs. The online banking system addresses several emerging trends: customers’ demand for anytime, anywhere service, product time-to-market imperatives and increasingly complex back-office integration challenges. Online fraud has become major source of revenue for criminals all over the globe. The challenges that oppose online banking are the concerns of security and privacy of information. This has made detecting and preventing these activities a top priority for every major bank. The use of single-factor authentication, such as a user name and the password, has been inadequate for guarding against account fraud and identity theft, in sensitive online banking systems. In this paper we are going to analyze the QKD multifactor authentication in online banking systems

scholarly journals An Assessment of the Independent Commission on Banking's Recommendations

2011 ◽  
Vol 218 ◽  
pp. F4-F12 ◽  
Author(s):  
Angus Armstrong
Keyword(s):  
Financial Stability ◽  
Banking Industry ◽  
Banking System ◽  
Retail Banking ◽  
Key Issues ◽  
The Government ◽  
Set Up ◽  
Litmus Test ◽  
The Uk ◽  
Independent Commission

The government set up the Independent Commission on Banking (ICB) to consider structural and non-structural measures to promote stability and competition in the UK banking system. They have produced a comprehensive assessment covering some of the key issues facing the banking industry. The ICB's three core recommendations are: a ring-fence to separate retail and wholesale banking activities; banks are required to have more lossabsorbing capital; and greater competition in retail banking markets. In some respects, the recommendations are a step back towards an earlier time of compartmentalised banking. The litmus test is whether they deliver a similar period of financial stability and economic growth.

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