impact of telecome on financial institites
TRANSCRIPT
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Impact of Telecom on Financial Institute
• Alok Prakash
• Ashwini Gangala
• Hrishikesh Mundhe
• Roman Rathod
• Shristi T
• Shweta
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Financial Institutions
Reserve Bank of India
Commercial Banks in India
Securities and Exchange Board of
India
Insurance Companies in India
Credit Rating Agencies in India
Specialized Financial Institutions in India
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Telecom expansion
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Telecom expansion
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For Banks
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For Banks
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How does it Work
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One bank philosophy
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• Telecom audit to eliminate waste
• Financial Institutions like banks , Insurance companies etc can examine existing invoices and equipment records. The gap between actual usage and payment can be found out. Hence , reducing telecom waste within organization and cut it for good.
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Customized Solutions :
• Allows you to keep all your existing careers (such as bell, telus and Allstream), but send you a single invoice for all services.
• Enable all your telecom invoices to be sent to one location, multiple locations or whatever needed.
• Interconnect offices with latest type of Fiber connections for faster file and data sharing.
• Eliminate the costs associated with Long Distance between all your locations
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SERVICES OFFERED
Voice Services
• Business Lines
• SIP truncking
• Long Distance
• PRI
• Toll-Free & Inbound Long Distance
• E fax
• Calling cards
• Centex
• Xcell Mobile
• Phone Installation services
Internet Services
• ADSL High-Speed
• T1Dry Loop
• E10/E100
• OC3
• Dial-up
Data Services
• Switched Ethernet Private Lines
• SIP trunking
• MPLS
• IP VPN
• Digital Private Line
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CONSUMER DRIVEN FRAUD
• Counterfeit currency
• Phishing, SMS spoofing, fake SMS (Various)
• Unauthorized PIN Access
• Voucher fraud
• Unauthorized denial of funds
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AGENT DRIVEN FRAUD
• Imposition of unauthorized customer charges
• Unauthorized use of customer’s transaction code
• Unauthorized access to customers’ transaction PINs
• Parallel money transfer on the network
• Money laundering on mobile financial service platform
• Registration of non-existent/fake consumers
• Instant Commission Fraud
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BUSINESS/SYSTEM DRIVEN FRAUD
• Employees and fraudsters link wrong mobile numbers to bank accounts
• Illegal reversal of customer payments to the business
• Abuse of passwords
• Individual users with multiple rights
• Fraud on multiple access channel
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