4. Three Dimension of Change
Technology Behavioral Business Model
Changes Changes Changes
• Faster speeds and • Everyone has a • Fragmenting
mobile voice channels
• Content is eternal • New communities • Traditional media
and sharable are forming is being absorbed
• New tools make • Expect a and changed
everyone customizable, • Loss of control
• a content creator personalized with over brands
• Media is modular high standard
experience on
their terms
• Time shifting
• Information is
free…Information
overload
7. Islamic Finance Challenges
• Limited Allocated Budget/IT Investment
• Lack of single set of Islamic Banking Standards
• Limited Core Solution Offerings
• Strong Islamic module/customization in Conventional system
• Mature Pure-play system
• Lack of specialized competent talents
• Fragile overall infrastructure
8. Technological future Competition
“Religion-based banking, equity trading, mutual funds, financial
services and so forth (including Islamic banking, takaful insurance and
the Dharma Global Index) require new applications, products and
heavy software customization, thus creating a role for religion domain
experts.“
Asheesh Raina, principal research analyst at Gartner
12. [ as at 28 May 2012 ] [ as at 28 August 2011 ] [ as at 20 March 2011 ]
Temenos** Temenos Temenos
Silverlake Axis Oracle FSS Oracle FSS
Oracle FSS **(Oracle Financial Silverlake Axis Infosys
Services Software)
Misys** Misys Path Solutions
Path Solutions* Path Solutions ITS (International Turnkey
Systems)
Infosys** Infosys Misys
TCS FS** ITS (International Turnkey TCS FS
Systems)
ITS *(International Turnkey TCS FS Silverlake Axis
Systems)
FIS *(Fidelity) FIS (Fidelity) FIS (Fidelity)
BML Istisharat * BML Istisharat BML Istisharat
Source: inntron.com
13.
14. 2012 Banking Technology Trends Focus
1. Convergence of Mobile and Online Technologies
2. The Rise of Business Process Management
3. Goodbye Email, Hello Message Center
4. The 'Tabletization' of Banking and the User Experience
5. Security increasingly is A Moving Target
6. Integrating Toward a Brave, New Post-Channel World
7. Pushing Self-Service Products to Generate Revenue
8. Reaching the Next Level of Mobile Evolution
15. The Bankers Technology Awards 2012
• Best Green IT Initiative by a Financial Institution
• Best Industry Infrastructure Initiative
• Best Internet Banking Services Provider
• Best Payments System Initiative
• Best Security Initiative
• Best Trading Platform or Venue
• Best Transaction/Wholesale Banking Initiative
• Best Use of IT in Retail Banking
• Best Use of IT in Investment Banking
• Best Use of IT in Wholesale/Transaction Banking
• Best Use of IT for the purposes of regulatory change
• Best Use of Mobile Technology in Financial Services
• CIO of the Year
• IT Team of the Year
• Outstanding Contribution by a Female in Financial Technology
• Outstanding Individual Contribution to the Industry
16. Top 10 Ten Trends 2013 (Gartner)
Trend 8: Trend 9: In
Trend 1: Mobile
Actionable Memory
Device Battles
Analytics Computing
Trend 2: Mobile Trend 10:
Trend 7: Strategic
Applications and Integrated
Big Data
HTML5 Ecosystems
Trend 6: Hybrid
Trend 3: Personal
IT and Cloud
Cloud
Computing
Trend 4:
Trend 5: Internet
Enterprise App
of Things
Stores
17. Key Technology Drivers (Always on)
Convergence of these forces: Entering an “Always on” era
Everyone Anytime
Leveraging human Access anytime we
networks need it
Social Mobile
Always on
Information Cloud
Anywhere
Anything Delivery Platform
Any information that that allows people to
matters come together
anytime, anywhere
19. Mobile Banking
Mobile devices
Connector using TCP
Socket, HTTPs, etc
Multiple mobile
access method
Mobile Banking Core Banking
SMS Application System
gateway /
SMSCs
Outsource / bank premises bank premises
SMS 3G/GPRS/I
nternet
J2ME
Other banks
WAP Payment
Aggregators Visa, Master,etc
3rd parties
20.
21.
22.
23. IT Strategy
Change Culture of
Management Innovation
Pioneered
Competent
Budget
Team
“Always on”
