STANDARD BANK LIMITED
Head Office, Dhaka
MIS department, present duties, challenges, purpose, future plan and recommendation: Management Information System:
A management information system (MIS) is a computerized database of financial information organized and programmed in such a way that it produces regular reports on operations for every level of management in a company. It is usually also possible to obtain special reports from the system easily. The main purpose of the MIS is to give information from where top management can monitor the bank as a whole. Information displayed by the MIS typically shows "actual" data over against "planned" results and results from a year before; thus it measures progress against goals. The MIS receives data from system ie. Core banking software and functions. Some of the data are collected automatically from computer-linked software others are keyed in at periodic intervals. Routine reports are preprogrammed and run at intervals or on demand while others are obtained using built-in query languages; display functions built into the system are used by to check on status at desk-side computers connected to the MIS by networks. Many sophisticated systems also monitor and display the performance of the Bank as Management Das Board.
Relevance of Data Ware housing and Data Mining for our Bank:
Banking being an information intensive industry, building a Management Information System within a bank is a gigantic task. It depends on the wide network of bank branches spread all over the country. At present, banks generate MIS reports largely from periodic paper reports/ statements submitted by the branches and regional/zonal offices and Head Office different divisions. Except for a few banks which have been using technology in a big way, MIS reports are available with a substantial time lag. Reports so generated have also a high margin of error due to data entry being done at various levels and the likelihood of varying interpretations at different levels specially starts user.
Though computerization of bank branches has been going on at a good pace, MIS requirements have not been fully addressed to. It is on account of the fact that most of the Total Branch Computerization (TBC) software packages are transaction processing oriented. They have been designed primarily for day-to-day operations at the branch level and day-end balancing of books.
Need for building MIS:
The need for building MIS at the corporate level has increased considerably during the last few years because of the following reasons:
• Regulatory requirement for timely submission of Rationalized Input Templates to be filled in different data accumulated from different divisions/branches.
• Regulatory requirements indicated by the Bangladesh Bank for preparation of Off-site Monitoring Surveillance (OSMOS). Reports on a regular basis in electronic format for Integrated Supervision System (ISS).
•Fulfill the requirement of the Management as and when necessary.
•Regulatory requirement of filing of Interbank Transaction Matrix designed by Bangladesh Bank working out Banking Financial Institutions (BFI) and Non-Banking Financial Institutions (NBFI) to monitor loans and advances, Investments, Off-Balance Sheet exposure and Memorandum in electronic format.
•Asset Liability Management (ALM) guidelines for banks being implemented by Bangladesh Bank with the stipulation that the bank should capture 100 percent of their business through the ALM system.
•Need for timely submission of Balance Sheets and Profit & Loss Accounts.
•Focus on transaction costing and a need for relating the service charges levied on the customers to be based on cost of servicing.
•Need for Inter-Branch Reconciliation of Accounts within a definite time frame.
•Need to undertake risk management strategies and for this purpose build up appropriate sets of data and market intelligence reports....
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