IIBF X Taxmann's Digital Banking – Seminal guide to familiarise the readers with digital banking advancements and provides practical knowledge for adapting to digital changes in banking PDF Download
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Author: Indian Institute of Banking & Finance
Publisher: Taxmann Publications Private Limited
ISBN: 9357785957
Category : Law
Languages : en
Pages : 21
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Book Description
This book provides a seminal guide that charts the transformative journey of the banking sector in the digital age. It discusses the rise of digital banking, innovative financial products like UPI BHIM, and the role of Fintechs and NBFCs in enhancing financial inclusion and accessibility. The book provides in-depth insights into new banking trends like Blockchain and AI and offers practical knowledge for banking professionals to adapt to this evolving digital landscape. It serves as an essential resource, covering the following broad topics: • Digital Banking Products • Digital Banking & Financial Inclusion (FI) • Marketing of Digital Banking Products • Payment Systems • Future Trends in Digital Banking An invaluable resource for students, professionals, and anyone keen on understanding the digital banking revolution. The Present Publication is the 2024 Edition, updated by Mr Burra Butchi Babu | Former General Manager – Bank of India and vetted by Mr V.A. Prasanth | Former General Manager & Chief Information Officer – Indian Bank. Taxmann exclusively publishes this book for the Indian Institute of Banking and Finance with the following coverage: • Module A – Digital Banking Products o Digital Delivery Channels § Introduction and need for digital channels in banking § Analyzing the cost of transactions and customer preferences § The role of technology in enhancing user-friendliness and customer interaction § Emphasizing security as a crucial aspect of digital banking, including information security § Overview of the Integrated Ombudsman Scheme, 2021 by RBI § Discussion on customer protection and limiting liability in unauthorized transactions § RBI's directions on digital payment security controls § Challenges faced in digital banking and the concept of e-KYC o Cards § History and overview of plastic payment cards § Features and benefits of cards for customers § Understanding the Payment Card Industry-Data Security Standard § Comparison between Magnetic Strip Cards and EMV Cards, including NFC-based Tap & Go technology § The approval process for card schemes and profitability aspects § Insight into backend operations, recovery, follow-up, and information security issues o Automated Teller Machines (ATMs) § History and product features of ATMs § Types of ATMs, including White Label and Brown Label § The functioning of ATM networks and Instant Money Transfer (IMT) systems § Discussing profitability, risk management, and frauds in ATM operations § Backend operations and technology in ATMs § Overview of the Dispute Management System (DMS) o Mobile Banking § Introduction and diverse features of mobile banking § Description of IMPS and its benefits § Discussion on risk management, frauds, backend operations, and information security tips in mobile banking o Internet or Online Banking § History, working, and features of Internet banking § Analysis of the profitability and risks associated with Internet banking o POS Terminals § Background and features of Point of Sale (POS) systems § Benefits of POS systems to merchants and customers § Different types of transactions and the cash withdrawal process at POS § Merchant onboarding, approval process, and the parties involved in a POS setup § Profitability analysis and risk management in POS operations • Module B – Digital Banking & Financial Inclusion (FI) o Introduction to financial inclusion and its strategies o Approaches to accelerate financial inclusion and the role of technologies o Digital banking services in financial inclusion and factors beyond technology o Information security issues in financial inclusion and new developments o Understanding how banks earn money using digital delivery channels • Module C – Marketing of Digital Banking Products o Concept and channels for marketing digital banking products o Product planning and marketing structure in banks o Sales delivery, e-galleries, and after-sales service to customers o Marketing strategies for financial inclusion and the dangers of mis-selling o Use of analytics in marketing and customer education and protection • Module D – Payment Systems o Overview of global and domestic payment systems o Introduction to new domestic payment vehicles and platforms o Detailed analysis of various systems like Cheque Truncation System (CTS), RTGS, NEFT, NETC, Bharat QR, UPI QR, BBPS, and SWIFT o Forex and securities settlements o Innovative banking and payment systems, including digital banking super apps • Module E – Future Trends in Digital Banking o Background and future trends in digital banking o The impact of fintech, business ecosystem, and blockchain technology o Discussion on cryptocurrencies, peer financing, cloud computing, and virtualization o Data analytics, artificial intelligence (AI), machine learning (ML), deep learning (DL), robotic process automation (RPA), and the Internet of Things (IoT) o Central Bank Digital Currency (CBDC) and digital transformation of banks in India
Author: Indian Institute of Banking & Finance
Publisher: Taxmann Publications Private Limited
ISBN: 9357785957
Category : Law
Languages : en
Pages : 21
Get Book Here
Book Description
This book provides a seminal guide that charts the transformative journey of the banking sector in the digital age. It discusses the rise of digital banking, innovative financial products like UPI BHIM, and the role of Fintechs and NBFCs in enhancing financial inclusion and accessibility. The book provides in-depth insights into new banking trends like Blockchain and AI and offers practical knowledge for banking professionals to adapt to this evolving digital landscape. It serves as an essential resource, covering the following broad topics: • Digital Banking Products • Digital Banking & Financial Inclusion (FI) • Marketing of Digital Banking Products • Payment Systems • Future Trends in Digital Banking An invaluable resource for students, professionals, and anyone keen on understanding the digital banking revolution. The Present Publication is the 2024 Edition, updated by Mr Burra Butchi Babu | Former General Manager – Bank of India and vetted by Mr V.A. Prasanth | Former General Manager & Chief Information Officer – Indian Bank. Taxmann exclusively publishes this book for the Indian Institute of Banking and Finance with the following coverage: • Module A – Digital Banking Products o Digital Delivery Channels § Introduction and need for digital channels in banking § Analyzing the cost of transactions and customer preferences § The role of technology in enhancing user-friendliness and customer interaction § Emphasizing security as a crucial aspect of digital banking, including information security § Overview of the Integrated Ombudsman Scheme, 2021 by RBI § Discussion on customer protection and limiting liability in unauthorized transactions § RBI's directions on digital payment security controls § Challenges faced in digital banking and the concept of e-KYC o Cards § History and overview of plastic payment cards § Features and benefits of cards for customers § Understanding the Payment Card Industry-Data Security Standard § Comparison between Magnetic Strip Cards and EMV Cards, including NFC-based Tap & Go technology § The approval process for card schemes and profitability aspects § Insight into backend operations, recovery, follow-up, and information security issues o Automated Teller Machines (ATMs) § History and product features of ATMs § Types of ATMs, including White Label and Brown Label § The functioning of ATM networks and Instant Money Transfer (IMT) systems § Discussing profitability, risk management, and frauds in ATM operations § Backend operations and technology in ATMs § Overview of the Dispute Management System (DMS) o Mobile Banking § Introduction and diverse features of mobile banking § Description of IMPS and its benefits § Discussion on risk management, frauds, backend operations, and information security tips in mobile banking o Internet or Online Banking § History, working, and features of Internet banking § Analysis of the profitability and risks associated with Internet banking o POS Terminals § Background and features of Point of Sale (POS) systems § Benefits of POS systems to merchants and customers § Different types of transactions and the cash withdrawal process at POS § Merchant onboarding, approval process, and the parties involved in a POS setup § Profitability analysis and risk management in POS operations • Module B – Digital Banking & Financial Inclusion (FI) o Introduction to financial inclusion and its strategies o Approaches to accelerate financial inclusion and the role of technologies o Digital banking services in financial inclusion and factors beyond technology o Information security issues in financial inclusion and new developments o Understanding how banks earn money using digital delivery channels • Module C – Marketing of Digital Banking Products o Concept and channels for marketing digital banking products o Product planning and marketing structure in banks o Sales delivery, e-galleries, and after-sales service to customers o Marketing strategies for financial inclusion and the dangers of mis-selling o Use of analytics in marketing and customer education and protection • Module D – Payment Systems o Overview of global and domestic payment systems o Introduction to new domestic payment vehicles and platforms o Detailed analysis of various systems like Cheque Truncation System (CTS), RTGS, NEFT, NETC, Bharat QR, UPI QR, BBPS, and SWIFT o Forex and securities settlements o Innovative banking and payment systems, including digital banking super apps • Module E – Future Trends in Digital Banking o Background and future trends in digital banking o The impact of fintech, business ecosystem, and blockchain technology o Discussion on cryptocurrencies, peer financing, cloud computing, and virtualization o Data analytics, artificial intelligence (AI), machine learning (ML), deep learning (DL), robotic process automation (RPA), and the Internet of Things (IoT) o Central Bank Digital Currency (CBDC) and digital transformation of banks in India
Author: Iibf
Publisher: Macmillan
ISBN: 9781403930897
Category :
Languages : en
Pages : 186
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Book Description
Money-laundering has acquired a global character that not only threatens security, but also compromises the stability, transparency, and efficiency of financial systems. Money-laundering techniques are becoming more sophisticated and complex with each pas
Author: Macmillan
Publisher:
ISBN: 9780230330474
Category :
Languages : en
Pages :
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Book Description
Advance Bank Management comprises four modules. The first module on economic analysis explains the micro and macro economics, markets and interest rates, role of money and banking in the economy, inter relationship between fiscal and monetary measures, op
Author: IIBF
Publisher:
ISBN: 9780230636408
Category :
Languages : en
Pages : 348
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Book Description
This book has been written for the Diploma in Micro-finance course of the Indian Institute of Banking and Finance. As the course is aimed at practising micro-finance professionals as well as those aspiring for a career in micro-finance, the book is compre
Author: Rupnarayan Bose
Publisher: Notion Press
ISBN: 1648508774
Category : Business & Economics
Languages : en
Pages : 486
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Book Description
Letters of Credit: Theory and Practice explains in simple English all the important information you’ll ever need on letters of credit (LC). This book provides extensive, easy-to-understand, practical and useful suggestions to help during negotiations, in selecting the right terms of payment, improving operations, reducing errors and risks, facilitating trade and final settlement, and much more. It is extensively researched, delving deep into the subject of international trade, presenting current issues and solutions related to LCs that the reader may not otherwise come across easily. A gold mine of information on payment risk management, it’s the last word on documentary credits. “This book is a great read for knowledge and practical information on letters of credit. It succinctly takes the reader through the concepts of risk management, explains the fundamentals of global trade finance issues, the dilemmas plaguing international sellers and buyers, and standardised ways for the buyer and the seller to secure goods and make payments, respectively. This is a must-read book for academicians, exporters, importers and bankers looking for complete, authentic information on international trade finance and global business.” - Dr. Deepankar Sinha, Professor; Head - Research Division, Kolkata Campus; Programme Director - Centre for Trade and Logistics (CFTL), Kolkata Campus, Indian Institute of Foreign Trade (IIFT)
Author: Herbert Jones
Publisher:
ISBN: 9781647483043
Category : Computers
Languages : en
Pages : 134
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Book Description
2 comprehensive manuscripts in 1 book Data Science: What the Best Data Scientists Know About Data Analytics, Data Mining, Statistics, Machine Learning, and Big Data - That You Don't Data Science for Business: Predictive Modeling, Data Mining, Data Analytics, Data Warehousing, Data Visualization, Regression Analysis, Database Querying
Author: Iibf
Publisher:
ISBN: 9780230632585
Category :
Languages : en
Pages : 296
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Book Description
This book, International Banking Operations is a part of the courseware on Diploma in International Banking and Finance being offered by Indian Institute of Banking & Finance.Globalisation has meant rapid growth in cross-border business and trade and it h
Author: Indian Institute of Banking & Finance
Publisher: Taxmann Publications Private Limited
ISBN: 9364558138
Category : Law
Languages : en
Pages : 33
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Book Description
This book comprehensively analyses how technology is revolutionising the banking sector, covering key themes like data analytics, big data, blockchain, machine learning, and artificial intelligence. The book examines how these advancements transform traditional banking operations into digital-first processes, enhance customer experience, streamline operations, and improve risk management. It emphasises the significance of data in decision-making and explores big data tools like Hadoop for managing vast datasets. The book also discusses blockchain's role in fostering transparency and security, while machine learning and AI are analysed for their impact on predictive analysis, personalised services, and fraud detection. It is designed as a self-study guide and uses a modular approach to facilitate independent learning, offering practical examples, case studies, and assessment resources for finance professionals, banking practitioners, and students to adapt to the evolving landscape of digital finance. The Present Publication is the 2024 Edition, authored by Mr Burra Butchi Babu | Former General Manager – Bank of India and vetted by Mr V.A. Prasanth | Former General Manager & Chief Information Officer – Indian Bank. Taxmann exclusively publishes this book for the Indian Institute of Banking and Finance for the certificate course on 'Emerging Technologies' with the following noteworthy features: • [Transforming the Banking Paradigm] The book explains how technology drives the banking sector's transformation, transcending geographical limitations and enhancing operational efficiency. By adopting innovations like digital currencies, big data analytics, machine learning, and blockchain, banks are improving customer experience, increasing transparency, and reducing risks. The book explores these changes in great detail, explaining how technological synergies are paving the way for more innovative, faster, and safer banking operations • [Practical Insights into Technological Adoption] Through real-world applications and expert insights, this book offers a practical perspective on how these emerging technologies are integrated into the banking ecosystem. It discusses how the fusion of finance and technology has fostered new opportunities for growth while addressing the challenges of data security, privacy, and ethical responsibility. Readers are guided to think critically about how these advancements balance the convenience of seamless transactions with the imperative to protect financial identities and safeguard sensitive data • [Comprehensive Coverage through a Modular Approach] To ensure a thorough understanding, the book is structured modularly, covering specific technological areas and their applications in banking. Each module breaks down complex concepts into digestible sections, providing readers with a coherent learning pathway. From the fundamentals of data analytics to the nuanced intricacies of artificial intelligence, the book offers in-depth discussions designed to equip learners with the practical skills necessary for thriving in a technology-driven financial environment • [Self-Learning Resources & Assessment Tools] The book is enriched with self-assessment resources such as multiple-choice questions, terminal questions, and comprehensive summaries, allowing readers to test their knowledge and reinforce their understanding. Every module is carefully structured with learning objectives, chapter overviews, keywords, and references, making it a holistic educational tool. The inclusion of practical examples, case studies, and exercises enhances its relevance for both academic and professional learning environments The book adopts a modular approach, ensuring a coherent and logical flow of content across its four modules, which are as follows: • Module A – Data Analytics o This module is a foundational entry point into data analytics, a key driver of decision-making in modern banking. It introduces emerging technological trends within banks, discussing data extraction, analysis, and visualisation. The module explains the various types of analytics (descriptive, diagnostic, predictive, and prescriptive) and how they extract actionable insights for better financial decision-making. Moreover, the section on immersive technologies such as Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR) highlights their role in enhancing customer interactions and operational processes • Module B – Big Data & Hadoop o Big data is a critical component of modern banking and is explored extensively in this module. It discusses how vast datasets are collected, processed, and analysed, enabling banks to make informed decisions, understand customer behaviour, and detect market trends. The module covers topics like Hadoop's ecosystem and architecture, NoSQL databases, and real-life examples showcasing the role of big data in optimising banking processes. It dives into methods for handling large-scale data efficiently and how these insights lead to personalised customer services, risk assessment, and better regulatory compliance • Module C – Blockchain & Digital Currencies o Blockchain is redefining trust and transparency in financial transactions. This module provides an elaborate overview of blockchain, including its types, key features, consensus mechanisms, and transaction flow. The section discusses the rise of digital currencies like Bitcoin and their influence on global finance, highlighting the decentralised nature of blockchain technology and its role in securing financial transactions. It also examines how smart contracts, interoperability, and distributed ledger technology are being implemented in banking to reduce fraud, automate processes, and facilitate seamless cross-border payments • Module D – Machine Learning (ML) in Banking o Machine learning, a cornerstone of artificial intelligence, transforms how banks predict trends, personalise services, and detect fraud. This module introduces the concepts and types of machine learning, covering supervised, unsupervised, and reinforcement learning. Readers are guided through different stages of machine learning, the categorisation of algorithms, and practical examples of how banks use ML for predictive analysis, customer segmentation, credit scoring, and more. It also explores the future trajectory of ML in financial services and its potential to reshape the industry • Module E – Artificial Intelligence (AI) o Artificial Intelligence (AI) has become integral to modernising financial services. This module covers the basics of AI, discussing neural networks, deep learning, natural language processing, and text classification. It examines the architectural framework of neural networks, the role of deep belief networks (DBNs), and generative adversarial networks (GANs) in financial modelling. The book explains the real-world applications of AI, such as chatbots, virtual assistants, fraud detection, automated underwriting, and risk assessment, demonstrating how AI is improving efficiency and customer service in the banking sector. • Emerging Technologies –IoT & Robotic Process Automation (RPA) o Supplementary chapters discuss the Internet of Things (IoT) and Robotic Process Automation (RPA) and their impact on the financial world. By enabling interconnected banking solutions, readers will learn how IoT devices enhance customer experiences. Meanwhile, RPA's role in automating repetitive tasks, reducing manual errors, and increasing operational efficiency is explored, alongside the ethical and practical implications of hyper-automation in banking
Author: Iibf
Publisher: Macmillan
ISBN: 9780230632561
Category :
Languages : en
Pages : 218
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Book Description
This book is a part of the courseware for Diploma in International Banking and Finance offered by Indian Institute of Banking & Finance. Liberalisation of overseas investment norms for Indian corporates has brought with it business opportunities for India
Author: Madanmohan Rao
Publisher: Routledge
ISBN: 113638961X
Category : Business & Economics
Languages : en
Pages : 444
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Book Description
Knowledge management (KM) - or the practice of using information and collaboration technologies and processes to capture organizational learning and thereby improve business performance - is becoming one of the key disciplines in management, especially in large companies. Many books, magazines, conferences, vendors, consultancies, Web sites, online communities and email lists have been formed around this concept. This practical book focuses on the vast offerings of KM solutions—technology, content, and services. The focus is not on technology details, but on how KM and IT practitioners actually use KM tools and techniques. Over twenty case studies describe the real story of choosing and implementing various KM tools and techniques, and experts analyse the trends in the evolution of these technologies and tools, along with opportunities and challenges facing companies harnessing them. Lessons from successes and failures are drawn, along with roadmaps for companies beginning or expanding their KM practice. The introductory chapter presents a taxonomy of KM tools, identifies IT implications of KM practices, highlights lessons learned, and provides tips and recommendations for companies using these tools. Relevant literature on KM practices and key findings of market research groups and industry consortia such as IDC, Gartner and APQC, are presented. The majority of the book is devoted to case studies, featuring clients and vendors along the entire spectrum of solutions: hardware (e.g. handheld/wearable devices), software (e.g. analytics, collaboration, document management) and content (e.g. newsfeeds, market research). Each chapter is structured along the "8Cs" framework developed by the author: connectivity, content, community, commerce, community, capacity, culture, cooperation and capital. In other words, each chapter addresses how appropriate KM tools and technologies help a company on specific fronts such as fostering adequate employee access to knowledge bodies, user-friendly work-oriented content, communities of practice, a culture of knowledge, learning capacity, a spirit of cooperation, commercial and other incentives, and carefully measured capital investments and returns. Vendor history, product/service offerings, implementation details, client testimonials, ROI reports, and future trends are highlighted. Experts in the field then provide third-party analysis on trends in KM tools and technique areas, and recommendations for KM practitioners.
