SIM 112: Banking Technology

Learning Outcomes

Upon completion of this course, student should be able to:

1. narrate the significant features in the evolution of electronic banking;
2. discuss the significant roles of modern technologies in the operations of banking services for proper management of organizational operations;
3. explain various Digital Products and their implementation in Banking Industry and probable leverage of Digital Banking for enhancing the profitability of Banks;
4. explain the importance of new technologies and their usage as well as digital disruptions and transformation of new business models in Banking; and
5. demonstrate requisite practical skills in application of these technologies and use of various social platforms in the processes of securities and investments management.

Course Contents

Banking technology defined; Electronic Banking, definition, evolution (basic informational, simple transactional, advanced transactional and virtual transactional), benefits and challenges; Electronic money – nature and applications; Electronic Transfers – processes and procedures; ATMs – types, benefits and challenges, POS, Mobile Banking, Internet, extranet & Intranet Banking, the computer and banking – adoption, promises and peril of the technologies to management of securities and investment. Overview of global and domestic payment systems. Changing Trends and Innovations in Payment Systems. Digital disruptions and its concepts, transformation in Banking, creation of new business models. Overview to Blockchain technology, Artificial Intelligence, Cloud Computing, Big Data.