1.1 - Presentation - B Samba Murthy - 22-03-2010

7/30/2019 1.1 - Presentation - B Samba Murthy - 22-03-2010

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INSTITUTE FOR DEVELOPMENT AND RESEARCH

IN BANKING TECHNOLOGY

RBI-OECD Workshop

Delivering Financial LiteracyMarch22-23, 2010. Bangalore

Presentation by:

Mr. B. Samba MurthyDirector, IDRBT.

Website: www.idrbt.ac.inEmail: [email protected]


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Established by RBI in 1996 for

promoting use of technology in

Banking Sector.


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MISSION

Explore and Exploit technology for commongood


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FINANCIAL EXCLUSION

A FEW DIMENSIONS

Over 100 Million house holders had no

formal access to credit.

Nearly 600 million new accounts to be

opened.

Out of 6,25,000 villages there are bank

branches only in about 30,000 villages.


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REAL CHALLENGE

Provide basic financial services to over

300 million excluded people spread over600,000 villages.


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Use of I.T. is inevitable to provide access to

formal Banking services.


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BUSINESS NEEDS

Increase outreach Scale up number of users

Reduce Opportunity cost/time

Ensure Reliability

Integrity of Account and Information

Ensure Security

High Degree of Assurance

Inter-operability


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ROLE OF IDRBT IN FINANCIAL INCLUSION

Encourage Banks to develop an

appropriate ICT platform.

Facilitate development of common and

inter-operable standards for critical

components of ICT.


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IDRBT INITIATIVES

Working closely with UIDAI,NPCI. Developed Common and Inter-operable standards

for smartcards. Accepted by Indian BankingAssociation (IBA).

Common and Inter-operable standards for Micro.ATM in final stages. Working withUIDAI,NPCI,IBA,RBI.

Developed inter-operable standards for mobile

banking in association with Banks, Telco, ServiceProviders. Lab tests are in progress at IITChennai.

Working with NABARD-FITF to technicallyevaluate proposals for viability GAP funding inICT-FI initiatives of Banks.


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MENU OF SOLUTIONS

Business Correspondent Enabled.

Smart Card BasedMobile Banking (Bank Led Model)


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Customer Bank

Terminal

F. I. ServerCore Banking

Solution


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MOBILE BANKING

Over 500 million subscriber base.

Low transaction cost.

Regulatory Framework in place.

Bank Led Model to begin with

collaborative models are explored.


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BC Micro ATM Merchant PoS

Bank A Bank B

UIDAI

Settlement

Agency

Customer

( Smart Card / Mobile Phone)

NPCI

MOBILE BANKING SOLUTION BANK LED MODEL


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OFF US CHART OF UIDAI


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AGENCIES INVOLVED IN IMPLEMENTATION

IDRBT

Institute for Developmentand Research in Banking Technology

Role: Technical Standards / Frameworks

Development, Inter-operability and security.

NPCI National PaymentCorporations of INDIA.

Role: Build and operate switch for Inter-Bank transactions and settlement.


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UIDAI

Unique Identification Authorityof INDIA.

Role: Build and operate bio metric database

for the entire population. Helps inauthentication and Identity Management.

IBA Indian Banks Association.

Role: Propagate Standards / Frameworks.


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I.I.T.

Indian Institute of Technologies--Chennai and

Kanpur

Role: Help Develop frameworks and conductlab tests.

R.B.I Reserve Bank of INDIA.

Role: Regulatory Framework to ensuresafety and security.


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EMERGING SCENARIO

Branchless Banking Model


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RESERVE BANK OF INDIA

RBI PLAYS A CATALYSTIC ROLE ANDORCHESTRATES THE EVOLUTION OF

BRANCHLESS BANKING TO ACHIEVE

FINANCIAL INCLUSION


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1.1 - Presentation - B Samba Murthy - 22-03-2010

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