online banking

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Online Banking

Introduction

Aim

The aim of this presentation is to let the class understand how the online banking service system was introduced and its present and likely future

Sequence

History Features How To Access Online Banking in Bangladesh HSBC Bank Bangladesh Advantages of Internet banking Disadvantages of Internet banking Security Risks Sample Safety Measures

History

The concept

First Internet banking service

Banking service in United States

Features viewing account balances viewing recent transactions downloading bank statements viewing images of paid cheques ordering cheque books transaction approval process register utility billers and make bill payments investment, purchase or sale download periodic account statements

How To Access

Online Banking In Bangladesh Bangladeshi companies, organizations are facing problem to

start full swing e-business.But still they are trying hard for the betterment of the e-business.According to a report published in The Daily Star(4th April, 2010) Bangladesh ranked 118th in the global Network Readiness Index in 2009-10 up from 130th.Bangladesh has to go long way to develop its network for arranging Digital Bangladesh by the year 2021 and public and private co-operation and strategic alliance is required to develop e-business system in the country

HSBC Bank Bangladesh

General Background: The Hong Kong and Shanghai Banking Corporation (HSBC) Ltd

Opened first Bangladesh branch in December 1996 Network of 14 offices, 40 ATMs, 6 Customer Service Centres, an

offshore banking unit, and offices in 8 EPZs.

Key Business Areas: Retail Banking and Wealth Management Commercial Banking Corporate and Institutional Banking Global Markets

Advantages of Online banking

Offer internet banking as long as there is internet connection anytime & anywhere.

Ease of monitoring Service is available 24x7 Reduction in cost of transaction Allow easier updating and maintaining of

direct accounts Available account balance & information at the touch of a

button

Disadvantages of Internet banking

Transaction problems High cost of technology Banking relationship Technical breakdowns Security concern, like “hackers” accessing your bank

account Must have basic computer skills and internet knowledge

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Online Banking Chart

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Security

Security is a primary concern in internet banking SSL(secure sockets layer) protocol is used to ensure data

security between customer browser and web server Customer database is protected by double firewalls Signature based online banking User name and pins Anti-virus

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Risks

Operational risk Security risk

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Sample Safety Measures

Change your password periodically Review your bank accounts frequently Try to use low limit credit card for internet

transaction

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Conclusion

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Q&A

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Thank You

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