Indian Banking Ecosystem
White Paper
Indian banking ecosystem
Automating data flow as a strategic initiative
We put the banking into business intelligence www.icreate.in indian banking ecosystem
indian banking ecosystem
Automating data flow as a strategic initiative
Frauds in the banking sector in india the public sector banks, with their massive presence across the country, reported an annual average of more than 3,000 cases of frauds and cheating during the past four years. their better equipped counterparts in the private sector reported almost five times the number of cases. icici bank alone accounted for almost half of the total scams reported to the Rbi. of the total 21,244 cases reported in 2007-08, a whopping 10,976 were from icici. similarly, in 2008-09, icici reported 13,221 of the total 23,579 cases. the bank reported 15,074 of the total 24,788 fraud cases in 2009-10. the second highest number of cases were reported by hsbc (3,770, 3,481, 2,741, 2028); followed by citi bank (1,647, 1,182, 1,277, 666); american express banking (499, 703, 817, 637) and the distant fourth was state bank of india (561, 745, 545, 615) during the past four financial years 2007-08, 2008-09, 2009-10, 2010-11 respectively. the figures for the current fiscal are till December, 2010.
Users
Application Server Report Server Cubes/Analytics Server
1. CBS 2. Treasury & Investment 3. Other IT Solutions 4. Text & Excel Files 5. RBI Docs Transaction Data / Snap Shot Data Data is moved into Staging Server on “As is where is basis” with a temporal cut off Historiacal Data Master Data New Accounts Data is moved into Temp DB validated on mapping of Source Masters with CRisMac Masters
The increasing complexity in the banking industry has made monitoring of transactions and operations a herculean task. This is especially in light of the rising cases of frauds that have tarnished the image of the sector as the ancillary to the economy’s growth.
As per some estimates, the frauds in Indian
Indian banking ecosystem
Automating data flow as a strategic initiative
We put the banking into business intelligence www.icreate.in indian banking ecosystem
indian banking ecosystem
Automating data flow as a strategic initiative
Frauds in the banking sector in india the public sector banks, with their massive presence across the country, reported an annual average of more than 3,000 cases of frauds and cheating during the past four years. their better equipped counterparts in the private sector reported almost five times the number of cases. icici bank alone accounted for almost half of the total scams reported to the Rbi. of the total 21,244 cases reported in 2007-08, a whopping 10,976 were from icici. similarly, in 2008-09, icici reported 13,221 of the total 23,579 cases. the bank reported 15,074 of the total 24,788 fraud cases in 2009-10. the second highest number of cases were reported by hsbc (3,770, 3,481, 2,741, 2028); followed by citi bank (1,647, 1,182, 1,277, 666); american express banking (499, 703, 817, 637) and the distant fourth was state bank of india (561, 745, 545, 615) during the past four financial years 2007-08, 2008-09, 2009-10, 2010-11 respectively. the figures for the current fiscal are till December, 2010.
Users
Application Server Report Server Cubes/Analytics Server
1. CBS 2. Treasury & Investment 3. Other IT Solutions 4. Text & Excel Files 5. RBI Docs Transaction Data / Snap Shot Data Data is moved into Staging Server on “As is where is basis” with a temporal cut off Historiacal Data Master Data New Accounts Data is moved into Temp DB validated on mapping of Source Masters with CRisMac Masters
The increasing complexity in the banking industry has made monitoring of transactions and operations a herculean task. This is especially in light of the rising cases of frauds that have tarnished the image of the sector as the ancillary to the economy’s growth.
As per some estimates, the frauds in Indian