Thesis About Computerized Banking System Creon Tragic Hero Essay
The launch of United Payments Interface (UPI) and Bharat Interface for Money (BHIM) by National Payments Corporation of India (NPCI) are significant steps for innovation in the Payment Systems domain.UPI is a mobile interface where people can make instant funds transfer between accounts in different banks on the basis of virtual address without mentioning the bank account.The value of transactions through PPI Cards (which include mobile prepaid instruments, gift cards, foreign travel cards & corporate cards) & mobile wallets have jumped drastically from Rs.105 billion and Rs. Many private banks are planning to deploy Robots for customer service, investment advisory and credit-approval process to improve the services and be cost effective in the long run. Digital Banking will be the most preferred form of banking in the coming years. The need for computerization was felt in the Indian banking sector in late 1980s, in order to improve the customer service, book-keeping and MIS reporting. Banks began using Information Technology initially with the introduction of standalone PCs and migrated to Local Area Network (LAN) connectivity.
Online banking has changed the face of banking and brought about a noteworthy transformation in the banking operations. Real Time Gross Settlement (RTGS) is primarily used for high-value transactions which are based on 'real time'.
According to the RBI Report in 2016-17 there are 2,22,475 Automated Teller Machines (ATMs) and 25,29,141 Point of Sale devices (POS).
Implementation of electronic payment system such as NEFT (National Electronic Fund Transfer), ECS (Electronic Clearing Service), RTGS (Real Time Gross Settlement), Cheque Truncation System, Mobile banking system, Debit cards, Credit Cards, Prepaid cards have all gained wide acceptance in Indian banks.
TABLE OF CONTENTS Title page - - - - - -- - - - i Declaration - - - - - - - - - ii Approval page- - - - - - - - - iii Dedication - - - - - - - - - iv Acknowledgement - - - - - - - v Abstract - - - - - - - - - vi Table of content - - - - - - - - vii CHAPTER ONE 1.0 Introduction - - - - - - - 1 1.1 Background of the Study - - - - - 2 1.2 Statement of the problem - - - - - 3 1.3 Objective of the study - - - - - - 5 1.4 Hypothesis - - - - - - - - 6 1.5 Significance of the study - - - - 6 1.6 Scope of the study - - - - - - 7 1.7 Historical background of the case study - - - 8 1.8 Definition of Terms - - - - - - 10 CHAPTER TWO - Literature Review 2.0 Introduction - - - - - - - 13 2.1 Functional Financial Control in a Computerize Accounting System and effectiveness in First bank Nigeria Plc.
- -14 2.2 Limitation of Financial Control in a Computerized Accounting System in First Bank of Nigeria Plc.