the success of electronic banking in a cash heavy society iraq finance 2014 usman qureshi head –...
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The success of electronic banking in a cash heavy society
Iraq Finance 2014
Usman QureshiHead – International Business Development
Agenda
Who we are
Our Products and services
The history of a cash based society
The introduction of electronic banking
The advent of a cash-less society
Transformation of banks by Dotin
Bank Pasargad
Our Message
Who we are
Providing comprehensive front office,
back office and middleware for the
financial market.
We strive to lead in the development of
the industry’s most advanced Information
technologies. Through our solutions and
services, we translate these advanced
technologies into value for our customers
Dotin’s Lineage
Two times winner of “The bank of the year Iran”
The ICT Subsidiary of Bank Pasargad
Providing ICT Solutions and services to
BankingInsuranceTransportationTelecom
IT Subsidiary of Fanap and Pasargad Bank providing banking solutions and services to
BanksPayment organizations Enterprises
Products
Fully web-based
Centralized/Decentralized
Clientless
Intensive change management
Service Oriented Architecture (SOA)
Integrated Straight Through Processing (STP)
Reduced time to market
High Performance
Dotin’s Core Banking System
Products
Ijarah
Istisna’a
Murabaha
Musharaka
Mudaraba
Tawarruq
Hajj Loan
Qard Hasan
Finance
Other
personal
finance
without
interest
Islamic Banking
Products
Service Oriented Architecture (SOA)
Straight Through Processing (STP)
Supports all the common standards
ISO 8583IFXNDC+
Multilingual
Multi currency
Dotin’s Payment Platform
Products & Services
Dotin’s Payment Platform
Tailored Services on:
Mobile
Internet
POS
ATM
Kiosks
Vending Machines
Smart Cards
Services
Consulting
Outsourcing
Business process
review
Technology
integration
Payment processing
Project financing
The history of a Cash Based Society
Till 2010The preferred mode of payment was cash
The initiative toPromote electronic banking and use of cards
NowPlastic is preferred
The introduction of Electronic Banking
How to make electronic banking attractive?
Bankers initiative
Make the merchants
happy
0% MDR
Real time settlements
Make the card holders
happy
No fee for standard
transactions on
channels
Value added services on
different channels
The regulators consent
The regulators came on
board and defined
regulations to help the
banks in working with
merchants, payment
organizations, telco’s…
The technology providers Role
The local technology
providers had to step up
and provide the necessary
technology to make all this
work.
The advent of a cash-less society
BrandATM
TerminalsATM Trans.
(Million) ATM Vol.
(Billion USD)Melli Bank, Iran 5,641 1,042 $88.83Saderat Bank, Iran 3,716 672 $53.59Keshavarzi Bank, Iran 2,183 259 $6.06Mellat Bank, Iran 3,117 211 $18.04Tejarat Bank, Iran 2,474 150 $14.47Maskan Bank, Iran 1,155 117 $6.50Pasargad Bank, Iran 631 64 $10.16Eqtesad Novin Bank, Iran 731 50 $3.88Saman Bank, Iran 700 40 $2.59Parsian Bank, Iran 450 17 $1.32Totals 20,798 2,622 $205.44
ATM Transactions in Iran Fiscal Year ended March 2012
A 55% increase in ATM transactions between 2011 and 2012
Transformation of banks by Dotin
Migration of Bank Pasargad
Started in 2008
180 Branches
13 million GL accounts
1.2 billion issued
documents
1.4 million customers
2.4 million deposits
2.1 million issued cards
130,000 generated loans
Other Migration cases
Bank Resalat
Bank Toseh and Taavon
Imam Khomeini relief foundation
574th
435th
266th
2008
2010
2012
Top 1000 World Banks
The growth in its Tier 1 capital saw it occupy the number one spot as the fastest moving Middle Eastern bank in The Banker’s annual Top 1000 World Banks ranking published in July. It climbed from 471st position in the 2011 ranking to 266th this year.
Bank Pasargad
Established in 2005 as Iran's fifth private bank, Bank Pasargad is now the nation's fastest-growing privately owned bank and the sixth largest bank in the country in The Banker's latest Top 1000 World Banks listing, with a Tier 1 capital in March 2010 of $1265m.
Among the larger Iranian banks, most of which suffered declines in capital and assets, Pasargad is an exception, showing continued growth in all main indicators. Its results for the 2009-10 financial year showed a 25% rise in Tier 1 capital, following a 43% increase the previous year, outstripping its competitors.
Bank of the Year 2010
Bank Pasargad
Pasargad Bank stood out
as the best bank in Iran
for achieving impressive
results across the board.
Its net profits for 2011
surged by 62.19% to
IR9836bn ($803m), its
Tier 1 capital by 30.82% to
IR43.41bn and its assets
by 23.76% to
IR221,808bn .
Bank of the Year 2012
Bank Pasargad
Our Message
We work with you to select the best business model for your business needs.
We believe that every customer is different hence we partner with you to understand and address your unique transformation imperative.