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CONTRIBUTIONS- Volume II" was released at Banknet India's Second International Bank Tech Summit’06 ON 21st September at Taj Lands End, Mumbai.
Survival in a dynamic and competitive business environment is not restricted to mere implementation of Information Technology solutions across the organisation. It calls for well documented procedures, policy frameworks and risk management tools to make these systems more efficient. Over time, these result in higher expectations from the implemented systems in addition to the newer areas of business.
‘Contributions – Vol. II’ is a compilation of 8 research papers by distinguished authors, which focuses on these aspects and provides guidelines to address these issues. The basic objective of bringing out this publication is therefore to disseminate the knowledge that could be utilised by professionals in the areas of banking, finance and technology.
Paper – I
The paper on ‘Banking on Technology to Meet 21st Century Challenges’ by Mr. K N C Nair, Practice Head, Banking & Financial Services, Enzen Global Solutions, discusses the future challenges of technology in banking. The author also points out how IT poses a bright future in rural banking, but is neglected as it is traditionally considered unviable in the rural segment.
Paper – II
The paper ‘Operational Risk Management in Banks: Measurement and Modelling Techniques – Some Implementation Issues’ by K. Kameswara Rao, Asst General Manager, State Bank of India explains the importance of monitoring and managing operational risk using various methods.
Paper – III
The paper on ‘Fat Tails in Indian Debt Market: Implications for Risk Modeling’ by Mr. Sunando Roy, Assistant Adviser, Dept. of Economic Analysis and Policy, Reserve Bank of India, challenges the basic normality of the distribution of daily returns in Indian Government Securities on which the implications for risk modeling are based. The paper presents some surprising results based on various tests conducted using three G-Sec indices.
Paper – IV
‘The Reach of Risk Management in Outsourcing of Financial Services by Banks’ by Ms. Simranjit Kaur, Consultant, Deloitte Touche Tohmatsu and Dr. Mandeep Kaur, Sr. Lecturer, Dept. of Commerce and Business Management is a jointly authored paper highlighting issues like data-theft that happens in outsourcing of financial services. It presents RBI’s regulatory framework on outsourcing and also provides guidelines to the financial institutions to choose the right approach to outsourcing.
Paper – V
‘I Spy You – The Corporate Espionage Saga’ is a paper by Mr. Tushar Vishesh Srivastava, Deloitte and Touche Audit Services India, explains how the employees who are adversaries of the company undertake malpractices, such as leaking information to competitors, which has just become simpler by use of modern technology. The author has also detailed on how to safeguard the company against such activities.
The paper on ‘Mobile Banking: The Concept, Opportunities & Challenges’ jointly authored by Rajnish Tiwari, Stephan Buse and Cornelius Herstatt, Hamburg University of Technology, Germany, explores the various avenues using the mobile technology for expanding online banking services, as mobile-based applications gain popularity. The paper presents the global scenario and technology used in mobile financial services.
Paper – VII
The paper ‘Penetration of New Private Sector Banks in the Rural Areas: Threat or Motivation – Future Strategies for the Survival of Indian Public Sector Banks’ by Dr. R.K. Uppal and Rimpi Kaur, DAV College, Malout highlights the impact on the public sector banks due to the entry of private sector banks in the rural segment. The paper elaborates the structure and operational efficiencies of PSBs and provides guidance with possible strategies for meeting these challenges.
Paper – VIII
‘Retail Lending’ presented by Ms. Leena Prabhu, Indus is a paper on the process involved in lending and focuses on the aspects like loan origination and loan servicing. The author highlights that handling different types of loans across various business environments require flexible and ‘smart’ systems, which would help banks to enhance business and control risks in a dynamic environment.
LIST OF PAPERS
1. Banking on Technology to Meet 21st Century Challenges
2.Operational Risk Management in Banks: Measurement and Modelling Techniques – Some Implementation Issues
3. Fat Tails in Indian Debt Market: Implications for Risk Modeling
4. The Reach of Risk Management in Outsourcing of Financial Services by Banks
5. I Spy You – The Corporate Espionage Saga
6. Mobile Banking: The Concept, Opportunities & Challenges
7. Penetration of New Private Sector Banks in the Rural Areas: Threat or Motivation – Future Strategies for the Survival of Indian Public Sector Banks
8. Retail Lending