30-08-2013, 04:48 PM
Financial Inclusion & Branchless Banking Initiatives
Financial Inclusion .ppt (Size: 3.61 MB / Downloads: 42)
Financial Inclusion Survey - Need
Need for I T Support
Branches to open large number of small value accounts
Facility for the branches to upload the data
Exception Reports when the balance exceeds or the
turnover exceeds the parameterised amount
Survey details directly generates an uploadable file
All accounts maintained in the Bank’s Server
Survey Automation
Village Information:
Each Village linked to a particular Branch
Each Branch can be linked to multiple Villages
Village Profile to be captured once
Number of Households
Availability of Infrastructure
Advantages of Survey Automation
Data Capture can be either Online or Offline
Enables creation of Database of all households
Provides the ability to Query the database
Prevents Loss/ Destruction of Information
Facilitates Consolidation of Data
Can be a Single Point of Reference
Enables access of Information from anywhere
Technology Initiatives
Need for Technology
Offers high levels of Security
Reduced Transaction Cost
Prevents loss or destruction of data
Reduces rigidity
Increases Efficiency
Branchless Banking
Types of Technology Used
Card Based Device
Support for Fingerprint Authentication
Redundant Power Sources for continuous operation
Mobile and easy to carry
Voice Guidance in Local Language
Support for multiple communication Channels
Device should store minimal data
Ability to support multiple products and services
Receipt printing
Scalable