dwi ebanking

DWI eBanking

„Interacting with banks has never been that easy...“

Copyright © 2008 DWI Technologies

African banks schema, nowadays

Where banks are available and at the reach of the people, people still pays their bills by mail and deposit checks at their bank branch.


Problems with the actual african banking schema

• Waiting time: Sometimes, all one needs to do is a quick and simple transaction. It could be a check deposit, a quick cash withdrawal, or just check the balance of ones account. But customers end up wasting time queuing up just to do it over the counter.

• Closing hours: When bank closing hours approach, one ends up rushing around just to do ones transaction within normal banking hours.

• Assurance: After making a check deposit, one has to go again to the bank to see if the deposit has been effective in his account.

• Oversea transfers: Oversea transfers are such a cumbersome because of the lack of connectivity between African and oversea banking institutions.


Which banking solution could be made

• 24/7 available• Easily and from every device reachable• Connected and interacting with other banks. • Easy-to-understand• Secure• Reliable• Standardized


Driving forces of the new economy

Customer

focus

Reduced

barriers to entry

Increased

customer

expectation

Mass

customization

Death of

distance

More accurate

information

More competition

Political

Managerial

Societal

Environmental

Economical

Technological


Online banking and its implications on banks

Low barriers to entry

Greater competition

Changes in Organization structure

Collaboration and Outsourcing

Challenge from Non-Bank Financial Institutions


Overview of the online banking

Online Banking uses today's computer technology to give people the option of bypassing the time-consuming, paper-based aspects of traditional banking in order to manage finances more quickly and efficiently. This is why DWI Technologies is offering the possibility to handle transactions with your customers simply, quickly and conveniently per online bank transfer. Online bank transactions have clear economic and strategic advantages: Quick settlement, increased security for the merchant at a lower rate (compared to credit card transactions) and guaranteed payments since thecustomer can not refund the transaction once the order was executed by the bank.


Advantages of online banking

• Convenience: Unlike corner banks, online banking sites never close; they're available 24 hours a day, seven days a week, and they're only a mouse click away.

• Ubiquity: If out of the country when a money problem arises, one can log on instantly to his online bank and take care of business, 24/7.

• Transaction speed: Online bank sites generally execute and confirm transactions at or quicker than ATM processing speeds.

• Efficiency: One can access and manage all of his bank accounts, from one secure site.

• Effectiveness: Many online banking sites now offer sophisticated tools, including account aggregation, stock quotes, rate alerts and portfolio managing programs to help you manage all of your assets more effectively. And most are also compatible with money managing programs such as Quicken and Microsoft Money.


What will the customer gain with online banking

• Secure and easy payment, using the well known PIN/TAN method (the use of OTP keys can be implemented)

• SSL-encoded communication

• Direct control of payment

• Time-critical payments can be released

• Direct control of turnovers

• Convenience, thanks to pre-completed forms


What will the customer do with DWI eBanking

• View account balances

• Access account history

• Transfer funds between accounts

• Schedule future transfers

• Pay bills electronically

• Schedule automatic recurring bill payment

• Make oversea transfers

• View images of bill statements, checks and deposit slips

• Receive alerts vie e-mail, wireless devices and private banking site (changes of services, movements regarding the account)


What will the bank gain with the eBanking

• Provision of a widely used and established mode of payment (online banking)

• Simple implementation in existing shop systems• Access to new target groups. No Credit Card needs to be available.• No risk of bad debts due to return debits• Fast availability of customer payments• Improved liquidity thanks to secure receipt of payments• Wide bank coverage


What will the bank do with the eBanking

Banks view online banking as a powerful "value added" tool to attract and retain new customers while helping to eliminate costly paper handling and teller interactions in an increasingly competitive banking environment.

• Better transmission of the customer data to the respective online bank• Real-time confirmation of the transfer transaction triggered• Account monitoring and payment received message• Posting and accounting of all transactions, including reporting, debtor status and delivery of balance sheet data in a format suitable for auditing


What will DWI eBanking solution provide

• Customized interface: to interact with the eBanking solution according to one’s language and preferences

• Job scheduling system: to perform overnight transactions within banks through a secure channel

• Backup system: to keep track of the whole system and minimize, if not nullify, loss of data

• Encryption: A 128-bits encryption for each and every transaction

• Database: A centralized database for all the system


What will DWI eBanking solution guarantee

• Security: Through a secure connection to the server, the eBanking solution is meant to be secure and has been proof tested against the most common attacks against web-applications (SQL Injection, Cross Site Scripting, Application Buffer Overflow…).

• Ease of understanding: The interface and solution of the eBanking solution are straight forward, built to meet the needs and requirements of the customer to avoid him the aches of mastering a new environment.

• Privacy: Built upon the Virtual Private Database paradigm, the eBanking will comply with high level of privacy policies both on the customer and on the bank side.

• Effectiveness: The eBanking solution is meant to be available, and up and running 24/7/365 (Every hour of every day throughout the year).

• Reliability: The eBanking solution is built in a manner to minimize all crash and bottlenecks.


DWI eBanking

We give you all that, made and customized for you, and we increase your business trust in your partners‘ eyes.

Interacting with banks has never been that easy...


We are waiting and keen to build a partnership with you.


dwi ebanking

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