Technology in International Banking
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Bank Financial Management — CAIIB.
One-liners from this chapter
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Ensure organisation readiness?
re-assigning, re-training and, if needed, recruiting fresh resources.
Operations — Benefits / Limitations?
Benefits: Accuracy, speed, lower transaction cost, ease of doing business; Limitations: Infrastructure cost, technical glitches, system downtime
Customer reach — Benefits / Limitations?
Benefits: 24×7 service, global access, anywhere banking; Limitations: Awareness gap, digital literacy issues, customer service complaints
Compliance & MIS — Benefits / Limitations?
Benefits: Built-in regulatory reporting, real-time MIS, audit trail; Limitations: Control-limit configuration can inconvenience customers
Workforce — Benefits / Limitations?
Benefits: Reduction in manpower, business continuity even in crisis; Limitations: Need for re-skilling, fear of job losses
Security — Benefits / Limitations?
Benefits: Encrypted channels, OTP/two-factor, role-based access; Limitations: Cyber-crime, phishing, external frauds, data breach risk
1866 — Milestone / FinTech Version?
Milestone: First trans-atlantic cable laid between New York and London — infrastructure for intense financial globalisation.; FinTech Version: Version 1.0
1918 — Milestone / FinTech Version?
Milestone: FEDWIRE — first electronic funds transfer using telegraph and Morse Code.; FinTech Version: Version 1.0
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