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Mba Digital Banking

The document discusses digital banking including how it provides online and mobile banking services. It outlines the process of digital banking and lists pros like convenience and cons like security issues. It also discusses threats to digital banking like phishing, pharming and spoofing where hackers try to steal user credentials.

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shreestationery2016
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14 views12 pages

Mba Digital Banking

The document discusses digital banking including how it provides online and mobile banking services. It outlines the process of digital banking and lists pros like convenience and cons like security issues. It also discusses threats to digital banking like phishing, pharming and spoofing where hackers try to steal user credentials.

Uploaded by

shreestationery2016
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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APOORVA .

GOMBI
MBA 'I' SEM
INTRODUCTION:
 Digital banking is part of the broader context for the move to online
banking, where banking services are delivered over the internet.
 It provides the ability for users to access financial data through desktop,
mobile and ATM services.
 A digital bank represents a virtual process that includes online banking
and beyond.
 As an end-to-end platform, digital banking must encompass the front end
that consumers see, the back end that bankers see through their servers
and admin control panels and the middleware that connects these nodes.
PROCESS OF DIGITAL
BANKING:
BANKS/SMB’S /PAYMENT BANK’S INITIATE’S A
REQUEST OR CUSTOMER SIGNS UPA.
THE REQUEST ONCE ACKNOWLEDGED IN THE
BANKING SYSTEM PRODUCES VALID CREDENTIALS.
ENJOY A BOUQUET OF BANKING SERVICES.
PROS AND CONS OF
DIGITAL BANKING:
PROS:~
• An online account is simple to open and easy to
operate.
• It's convenient, because you can easily pay your
bills and transfer your funds between accounts
from nearly anywhere in the world.
• You can keep an eye on your transactions and
account balance all the time.
• More online services include loans and investment
options.
 CONS:~

• Understanding the usage of internet banking might


be difficult at the first.
• Without the availability of internet access, it may
not be useful.
• Security of transactions is a big issue. Your account
information might get hacked by unauthorized
people over the internet.
• If the bank’s server is down, then you cannot access
your accounts.
• You might become annoyed by constant emails and
updates.
DIGITAL BANKING
THREATS/CYBERCRIME/FR
AUDS:
Phishing:-
• A common way for Internet scammers to obtain
your personal information is through a method
called phishing. Usernames, passwords, banking
information and credit card details are phished
through email or instant messaging. Phishing works
by sending communications, which appear to be
from your financial institution, but they’re not.
Pharming:-
• Another way for hackers to get their hands on your
personals details is by pharming them. Pharming
occurs when hackers use a malicious code on your
PC, which compromises your computer’s host file
and redirects you to fake websites.
• Once there, you’re asked to enter your online
banking credentials or account information, which
hackers take and use for criminal activity.
SPOOFING:-
• A newer type of cyber security threat is spoofing –
where hackers will find a way to impersonate a
banking website’s URL with a website that looks
and functions exactly the same. When a user enters
his or her login information, that information is
then stolen by hackers to be used later.
Inside Attacks:-
• Malicious attacks or hacks are often launched inside
an organization by a disgruntled employee. But the
inside threat also may be posed by an outside
person who uses false credentials to pose as an
insider to illegally gain access to internal servers
and systems.
Spamming:-
• spontaneous messages sent to a mass population
trying to constrain the message in individuals who
might not get it.
 CONCLUSION:
• The mobile and wireless market has been one of
the fastest growing markets in the world.
• The arrival of technology and the escalating use of
mobile and smart phone devices, has given the
banking industry a new platform.
• Connecting a customer anytime and anywhere to
their money and needs is a must have service that
has become an unstoppable necessity.
• Meeting all challenges including safety and security
are perfect examples of good banking strategies.

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