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Session 11 - FIN 441 Bank Management Electronic Banking...

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Bank Management & Electronic Banking FIN 441
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Session 11 Electronic Banking & IT Policy
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Core Banking Solution The financial sector of Bangladesh is dominated by the banking system. Majority of banks are planning to introduce ICT for integration of banking services and new e-finance services The banks providing automated or computerized banking services in Bangladesh are working basically in two approaches: • Centralized Database System • Distributed Database System
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In Centralized system all sorts of customer information as well as their transaction histories or ledgers are stored in the Central Server at the Head office Data Center. Branches having proper authorization procedures log on to this central server through remote networking media like Radio Link or VSAT and make business transactions as well as fetch reports of various kinds In distributed operations every branch has their own server at their premises. In need of on-line transaction one branch has to logon to the responding branch’s server and do the transaction. Centralized Database System Distributed Database System Core Banking Solution
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Finacle Mysis i-flex Temenos Florabank Bexibank PCbank Foreign Banking Software in Bangladesh Local Banking Software in Bangladesh Core Banking Solution
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LAN stands for Local Area Network, which is a collection of computers interconnected with each other in a small area. In a bank branch, most of the computers are interconnected with each other via network cables . Branch LAN In Centralized Banking operation, to access the core banking software at the central server, the local LAN has to get connected with the LAN at the Head Office Data Center via remote connectivity media like Radio Link or VSAT. Core Banking Solution
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Head Office LAN for branch banking network is also a small network where computers are interconnected with each other. Head Office LAN HO LAN holds the Central Server that hosts all sort of customer related information of all the branches along with the data of Head Office transactions. Core Banking Solution HO LAN can hold a Router to route all the requests from the branches coming through different channels to the central server.
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In a Centralized Database based core banking scenario the LANs of the branches are to be connected to the LAN at Head Office where the Central server is placed and that constitutes the Wide Area Network or WAN.
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