Implementing Networks in Banking and Financial ServicesThe objective of this book is to provide banks and the financial industry at large with an analysis of what is and what is not a network at their service. The background to the book is electronic banking, and the foreground brings into perspective what has been done by forward-looking financial industries and the benefits they have achieved. While banking is today an industry, it cannot be satisfactorily compared to other industries as it operates too much by its own rules. Examples in the text have therefore been restricted to banking only and, more precisely, to the four generations of online financial networks which have evolved over the past twenty years in Japan. This book is a study addressed to the management of financial institutions. Computers and communications technologists will also gain from it both insight and foresight. |
Contents
From Coins to Electronics | 18 |
Generations of Online Systems | 36 |
Rethinking the Telecommunications Network | 54 |
UBINET the Worldwide Network of the Union Bank | 70 |
Communications Challenges as Seen by Top Man | 77 |
Four Generations of Payment Systems in Japan | 99 |
Top Performers of Japanese Banking Industry | 121 |
National Payment Systems Research on Artificial | 143 |
INS | 150 |
An Extended Notion of Integration | 158 |
Advanced Networking Solutions by American Banks | 166 |
Artificial Intelligence and Expert Network Systems | 185 |
Using Computers for Online Auditing | 202 |
Security in Financial Networks | 219 |
Glossary | 233 |
Other editions - View all
Implementing Networks in Banking and Financial Services Dimitris N Chorafas,Heinrich Steinmann No preview available - 2014 |
Common terms and phrases
ANSER applications artificial intelligence auditor automated automated teller machines bank's banking industry banking products banking services capabilities centre client communications network communications system competitive computers and communications cost data communications data processing database debit deposit account EFT/POS electronic banking electronic funds transfer electronic mail engineering environment equipment executive expert systems facsimile Figure financial institutions financial networks functions goals GOLS hardware implementation information systems integrated interactive interfaces internal audit ISO/OSI ISO/OSI reference model Japan Japanese banks layer local area network logical mainframe Merrill Lynch MHTC needs network design online system operations organisation packet switching payment personal computers private branch exchanges problem procedures programs protocols requirements Sanyo solutions standards strategic Sumitomo system architecture technical telecommunications telephone terminals third generation online tion transactions UBINET videotex voice workstations