online banking of ab bank limited

8/8/2019 Online Banking of AB Bank Limited

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Online Banking System of Online Banking System of AB Bank Limited AB Bank Limited



IT Division at a glanceIT Division at a glance



Business developed after OnlineBusiness developed after Online

Implementation: Year 2009Implementation: Year 2009Total assets of the bank stood at TakaTotal assets of the bank stood at Taka 10,691.20 crore10,691.20 crore

(growth of 27%)(growth of 27%) while total capital crossed the thresholdwhile total capital crossed the threshold

and reached the level of Takaand reached the level of Taka 1,079.0 crore1,079.0 crore at the year at the year

end. Key business areas registered significant growthend. Key business areas registered significant growthwhich ultimately resulted in a bottom line (PAT) growth of which ultimately resulted in a bottom line (PAT) growth of

over 46 percent compared to last year. EPS stood atover 46 percent compared to last year. EPS stood at

Taka 131.13 showing a growth of 46 percent over lastTaka 131.13 showing a growth of 46 percent over last

year as well.year as well.



IT I nfrastructureIT I nfrastructure

The different elements of onlineThe different elements of online

infrastructure of AB Bank can beinfrastructure of AB Bank can be

distributed into the following categoriesdistributed into the following categories²²--Network ManagementNetwork Management

--Hardware ManagementHardware Management

--Data centre MaintenanceData centre Maintenance--Mail & Internet SupportMail & Internet Support

--Branch SupportBranch Support

--Desktop Application SupportDesktop Application Support



N etwork Management N etwork Management

--Fault managementFault management

--Accounting management Accounting management

--Configuration managementConfiguration management--Security managementSecurity management

--Performance ManagementPerformance Management



Banking Software SupportBanking Software Support

AB Bank Limited incorporated AB Bank Limited incorporated

several notable core bankingseveral notable core banking

software, provided bysoftware, provided by Misys PLCMisys PLC,,

a leading multinational softwarea leading multinational software

company providing softwarecompany providing software

solutions and services to financialsolutions and services to financialand healthcare sectors.and healthcare sectors.



Banking Software SupportBanking Software Support

EBS (Equation Banking System) EBS (Equation Banking System)

EBA (Equation Branch Automation) EBA (Equation Branch Automation)

TI (Trade Innovation) TI (Trade Innovation)

Bangladesh Bank SoftwareBangladesh Bank Software

Other SoftwareOther Software



ANAL YSIS & FINDINGSANAL YSIS & FINDINGS

1) STRENGTHS1) STRENGTHS

--Unique Web LocationUnique Web Location

--Cheap than traditionalCheap than traditional

--Very wide area coverageVery wide area coverage--Less time limitsLess time limits

--Personalized servicesPersonalized services

--Reduced customer service costReduced customer service cost

--Fast transaction processingFast transaction processing--Easy to manage by banksEasy to manage by banks

--Multifunctional for banksMultifunctional for banks



2) WEAKNESSES2) WEAKNESSES

--Costly to develop and upgradeCostly to develop and upgrade

--Operational risk due to weaknesses in system designingOperational risk due to weaknesses in system designing

--NonNon--enforceability of contractsenforceability of contracts

--Sometimes compromise on data quality especially of Sometimes compromise on data quality especially of

qualitative dataqualitative data--Reputation risk due to nonfunctioning or poor functioningReputation risk due to nonfunctioning or poor functioning

than competitorsthan competitors

--Technical staff needed to troubles shoot problems and toTechnical staff needed to troubles shoot problems and tomaintain effectivelymaintain effectively

--Chances of unauthorized data alterationChances of unauthorized data alteration--More organizational commitment neededMore organizational commitment needed

--Unavailability of self ATM BoothUnavailability of self ATM Booth



3) OPPORUNITIES3) OPPORUNITIES

--Continual stress on international tradeContinual stress on international trade

--Rapid internet boom in countryRapid internet boom in country--Improving infrastructureImproving infrastructure

--Outsourcing of jobsOutsourcing of jobs

--Wireless technological advancementWireless technological advancement



4) THREATS4) THREATS

--Security risks of hacking systems.Security risks of hacking systems.

--Risk of fraud and cyber crimes.Risk of fraud and cyber crimes.

--Legal risks due to uncertainty of informationLegal risks due to uncertainty of information

--Competitors can easily copyCompetitors can easily copy

-- Continual need of up gradation.Continual need of up gradation.

--Season/weather can also influence the electronicSeason/weather can also influence the electronic

bankingbanking



RecommendationsRecommendations

--Core Centralized Banking SolutionCore Centralized Banking Solution

--Implementation of proper project planningImplementation of proper project planning

--Approved ICT Policy Approved ICT Policy

--Proper project planningProper project planning

--Training on sensitive IT activitiesTraining on sensitive IT activities

--Insurance of all sensitive Hardware & softwareInsurance of all sensitive Hardware & software

--An integrated single solution across all An integrated single solution across all

-- Standard Data Center Standard Data Center



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online banking of ab bank limited

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