Report on Ibbl

The bank integrated its remote service channels with the Aeroflot system, which allowed the company to provide its customers with convenient service for purchasing air tickets. A service for transferring funds through its own information and payment terminals was introduced to repay loans received from other banks. Sberbank also introduced a self-learning fraud monitoring system that monitors financial transactions and authorizations in real time. A new product, E-invoicing, was launched - a service of paperless legally significant electronic document management, including the submission of reports to government agencies. This service is integrated into the Internet banking platform for corporate clients. Another new product of the bank was SMS-acquiring. This is a payment system that allows sellers to receive payment for their services via SMS messages without the client presenting a bank

Due to technological innovations and competition among banks customers have a wider choice of banking products and services through electronic distribution channel referred to as E-Banking. E-Banking has a global acceptance due to the convenience it is providing, many of the services can be availed at the click of a mouse. Innovations in banking processes have reduced possibilities of human error. Banking has become more customers friendly and flexible.Every coin has two sides so does E-Banking with its various advantages has disadvantages too. The study is an investigation on the advantages, security problem of E-Banking and perception of customer towards E-Banking.

Internet banking refers to an online facility which provides an alternative channel for delivering banking or financial services and enables individuals to access their accounts anytime and anywhere through a bank’s web site (Z. Liao, Z., and M. T. Cheung, 2012). In other words, online banking named as E-banking, internet banking or virtual banking. Generally, the operation of online banking is connect to the core banking system designed by bank and then contrast to branch banking which refer to traditional way of bank customers accessed to banking services. Nowadays, internet banking is one of the most important businesses in electronic business around the world (Ariff et al, 2012). Most of the conventional banks have to operate and provide the online banking service to their customers as needs by

In the world of banking and finance nothing stands still. The biggest change of all is in the, scope of the business of banking. Banking in its traditional from is concerned with the acceptance of deposits from the customers, the lending of surplus of deposited money to suitable customers who wish to borrow and transmission of funds. Apart from traditional business, banks now a days provide a wide range of services to satisfy the financial and non financial needs of all types of customers from the smallest account holder to the largest company and in some cases of non customers. The range of services offered differs from bank to bank depending mainly on the type and size of the bank.

The World Wide Web has changed our culture in so many ways. People are able to do so many activities over the World Wide Web, it is unbelievable. You can pursue a degree through online universities, communicate with users around the world, purchase goods and services online, and yes, you can bank and pay your bills online. This new technology has enabled us to make payments, maintain a checking/debit card account, balance transfers, all via the web. You can maintain your entire financial portfolio through online banks that provide this feature. There are online banks that can provide interactivity between popular financial management software programs, such as Quicken and Microsoft Money. When using

The service is available in multiple payment modes, online and through a network of agents. An instant confirmation is generated for the bill payments. The BBPS will transform the society from cash to electronic payment system, making it less dependent on cash.

You have the following information from the Statement of Financial Position and current ledger accounts in the electronic accounting system (MYOB AccountRight).

The function are for accounts and banking, investments, insurance, loans, mobile banking, buy online and bill and statements. These functions are usually use by the users for multipurpose.

Secure Banking System (SBS) is a dynamic web application which assists secure banking transactions and user

As their name suggests, they only execute their operations online. Customers can only be in contact with their money over the internet since they do not have any physical branches. Because online-only banks require lower overhead costs, they have the capability to offer more free services and higher interest rates compared to a traditional bank. Online banking provides many customers the convenience of handling their business at any physical location as long as they have access to internet. This is possible because of the variety of services that online banks provide despite limiting interaction to only the internet. Some of their services include applying for loans online, transferring funds and paying bills online. While the convenience of being able to access banking through the internet is worthwhile, there are limits to it. For example, making large deposits to the bank is limited and can only be made through the mail, they don’t service cashier checks for transactions, and withdrawing money from the account is very inconvenient. Luckily, the role of the internet in financial transactions is becoming increasingly prominent so that spending money online is more accessible, but it is important to understand both the benefits as well as restraints of online banking. Nowadays, many large brick-and-mortar banks have caught on and provide some online services in attempts to

The creation and proper management of all user based accounts for the successful operation of First World Bank Savings and Loan entire database.

1983, Friedman, 1993). This is an important role, and an advantage of IBB, because it will allow each party to work towards an agreement and help the continuation of IBB in following negotiations.

It has 46 member countries: 26 borrowing countries in Latin America and the Caribbean, and 20 non-borrowing countries including the United States, Canada, Israel, Japan and 16 European countries. [2] Moreover, the Information Technology Department (ITE) is the focal point for delivery of information technology, information management and telecommunications solutions and services at Headquarters and Country Offices to facilitate the bank 's mission. The acting CIO Simo Nuria stated that: “Based on feedback from all levels of the IDB, it was clear that the information technology area needed to evolve. Throughout the past year, the ITE department kept its collective ear to the ground to identify how it can better address the information technology needs of the organization and be aligned to help advance with the IDB’s mission.” They started an organizational change.

Internet Banking (Internet banking): Computerized service that allows a bank’s customers to get Internet with the bank via internet or telephone lines to view the status of their account(s) and transaction history. It usually also allows them to transfer funds, pay bills, request check books and so on (Business dictionary., 2011)

HBL’s Cash Balance with treasury bank over all has an increasing trend during the analysis period in net amount and percent of total asset. This means that the bank relies more on depositing cash with treasury bank, rather than relying on its deposits to other banks.