Volume 3

The Specilization

CONSUMER AND
COMMERCIAL
BANKING TECHNOLOGY

Volume-1
Volume-2

What is Banking

Banking refers to the business conducted or
services offered by a bank, including holding
deposits, providing loans, and facilitating
payment transactions. Banks play a crucial role in
the financial system by managing money for
individuals and businesses.

This volume will
cover:

01
Introduction to Banking
02
Core Banking Functions
03
Technology in Banking
04
Modern Banking Methods
05
Specialized Services
06
Future Trends
07
Building Technology for Modern Banking Solutions

Types of Banks

Retail Banks:

Serve individual customers with personal banking services like savings and checking accounts, personal loans, and credit cards.

Commercial Banks:

Provide services to businesses, including business loans, credit facilities, and treasury services.

Central Banks:

Regulate the money supply and oversee the stability of the financial system (e.g., Federal Reserve, European Central Bank).

Core Banking Functions

Card image cap
Deposits and
Accounts

  • Savings Accounts
  • Checking Accounts
  • Fixed Deposits
    (Certificates of Deposit)
  • Joint Accounts
  • Recurring Deposits

Card image cap
Lending and
Credit

  • Personal Loans
  • Home Loans (Mortgages)
  • Auto Loans
  • Student Loans
  • Business Loans
  • Lines of Credit

Card image cap
Payments and
Transfer Services

  • Electronic Funds
    Transfers (EFT)
  • Automated Clearing
    House (ACH)
    Transfers Wire
    Transfers
  • Bill Payments
  • Peer-to-Peer (P2P)
    Payments

Card image cap
Card Services
Card Services

  • Debit Cards
  • Credit Cards
  • Prepaid Cards

Technology in
Banking

Core Banking Systems
These are the software platforms that
manage the bank’s day-to-day
operations, including transaction
processing, customer account
management, and financial reporting.

Digital Transformation
Banks are increasingly adopting digital
technologies to improve efficiency and
customer experience. Key aspects
include:

  • Online and Mobile Banking:Allow
    customers to perform banking
    activities via the internet and mobile
    apps.
  • Self-service Banking:Includes
    ATMs and interactive kiosks that
    provide banking services without
    human intervention.

Technology in Banking
FinTech Innovations:
Blockchain: Enhances security and
transparency in transactions. Used in
applications like cross-border payments
and smart contracts.

  • Artificial Intelligence (AI): Powers
    chatbots for customer service, fraud
    detection systems, and personalized
    financial advice.
  • Big Data Analytics: Helps banks
    analyze large volumes of data to gain
    insights into customer behavior and
    tailor services accordingly.

___

Modern Banking
Methods

Mobile Banking

Internet
Banking

Telephone
Banking

ATM
Banking


Digital
Wallets

Contactless
Payments

Future Trends

Neobanking

Digital-first banks like Chime and Revolut offer seamless online banking without physical branches.

Open Banking

Banks open their APIs to third party developers, fostering innovation and competition in the banking sector.

Decentralized
Finance (DeFi)

A blockchain-based financial ecosystem offering traditional services without central intermediaries.

Green Banking

Banks are increasingly adopting sustainable practices and offering products that promote environmental responsibility, such as green loans and investments in renewable energy.

RENT A DESK, Hitech City RAM SVR,
Plot No4/2 Sector 1, Madhapur,
HUDA Techno Enclave, HITECH City,
Hyderabad, Telangana-500081

+91 9959888622 [email protected]

Volume 3

The Specilization

CONSUMER AND
COMMERCIAL BANKING
TECHNOLOGY

Volume-1
Volume-2

What is Banking

Banking refers to the business conducted or services offered by a bank, including holding deposits, providing loans, and facilitating payment transactions. Banks play a crucial role in the financial system by managing money for individuals and businesses.

This volume will cover:
01
Introduction to Banking
02
Core Banking Functions
03
Technology in Banking
04
Modern Banking Methods
05
Specialized Services
06
Future Trends
07
Building Technology for Modern Banking Solutions

Types of Banks

Retail Banks:


Serve individual customers with
personal banking services like
savings and checking accounts,
personal loans, and credit cards.

Commercial Banks:

Provide services to businesses,
including business loans, credit
facilities, and
treasury services..

Central Banks:

Regulate the money supply and
oversee the stability of the financial
system (e.g., Federal Reserve,
European Central Bank).

Core Banking
Functions

Card image cap
Deposits and
Accounts

  • Savings Accounts
  • Checking Accounts
  • Fixed Deposits
    (Certificates of Deposit)
  • Joint Accounts
  • Recurring Deposits

Card image cap
Lending and
Credit

  • Personal Loans
  • Home Loans (Mortgages)
  • Auto Loans
  • Student Loans
  • Business Loans
  • Lines of Credit

Card image cap;
Payments and
Transfer Services

  • Electronic Funds
    Transfers (EFT)
  • Automated Clearing
    House (ACH)
    Transfers Wire
    Transfers
  • Peer-to-Peer (P2P)

Card image cap
Card Services

  • Debit Cards
  • Credit Cards
  • Prepaid Cards

Technology in
Banking

Core Banking Systems
These are the software platforms that manage the bank’s day-to-day operations, including transaction processing, customer account management, and financial reporting.

Digital Transformation
 Banks are increasingly adopting digital technologies to improve efficiency and customer experience.
Key aspects include:

  • Online and Mobile Banking:
    Allows customers to perform banking activities via the internet and mobile apps.
  • Self-Service Banking:
    Includes ATMs and interactive kiosks that provide banking services without human intervention.

Technology in Banking
FinTech Innovations:
Blockchain:
Enhances security and transparency in transactions. Used in applications like cross-border payments and smart contracts.

  • Artificial Intelligence (AI):
    Powers chatbots for customer service, fraud detection systems, and personalized financial advice.
  • Big Data Analytics:
    Helps banks analyze large volumes of data to gain insights into customer behavior and tailor services accordingly.

Modern Banking
Methods

Mobile Banking

Internet
Banking

Telephone
Banking

ATM
Banking

Digital
Wallets

Contactless
Payments

Future Trends

Neobanks

Digital-first banks like Chime and Revolut offer seamless online banking without physical branches.

Open Banking

Banks open their APIs to third party developers, fostering innovation and competition in the banking sector.

Decentralized Finance (DeFi)

A blockchain-based financial ecosystem offering traditional services without central intermediaries.

Green Banking

Banks are increasingly adopting sustainable practices and offering products that promote environmental responsibility, such as green loans and investments in renewable energy.

RENT A DESK,Hitech City RAM SVR,
Plot No4/2 Sector 1,Madhapur,
HUDA Techno Enclave, HITECH City,
Hyderabad,Telangana 500081

+91 9959888622
[email protected]

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