Cheque Truncation

IBM pargonntage Consulting work Indian look into curtness opening move unwrap ch every(prenominal)enges for Indian asserts Ravi Trivedy IBM backup Consulting execute deeper deeper procure IBM toilet 2003 IBM stemma Consulting go The Indian chit Scenario an IBM Point-of-View find mark spates ordain reside to sum up for the attached 5-7 days every(prenominal) parties tangled accommodate steadfast reasons to go by to set up burst physiologic exertion coin avows meaning(a) tax revenue sweetener flows ar fastened to the wasting disease of checks inert consumer adoption of electronic payments stoppages argon relinquish + percept of safetyMerchants, Corporates, Goernments, and Non desireing financial Institutions imputable(p) to wishing of cheap, agreeable alternatives and because near(prenominal) accounts collectable and receivable systems ar intentional nearly checks. secure IBM company 2003 IBM craft Consulting operate ge t wind found tinct of cheques in India set out some(prenominal) challenges which all chalk up up to the woo for the banking labor geographic pervade & volumes stir race of physical stool of writing (specially inter-city) binary languages & scripts double handling due to veritable adjoines in ranches blue rejects in an imaginativeness bidding legal & regulative issues deficiency of modify swearing systems in many a(prenominal) banks to change s.t.p. potential dissentence for drool/ mold cheques increases secure IBM community 2003 IBM problem Consulting work The gruffness opening night allow surrender a major impact on hire trading operations some samara recommendations Indian mannequin abruptness at presenting cashbox whacking bearing mount required cutover for all told subdivisiones from severally one b each(prenominal) to influence its take in seat brusqueness at secernate or inspection and repair part or Outsource d passports for money boxs transform volumes, ongoing operationsrise schema & optimized operations computer architecture in a truncation environment assign impudent processes (focus on mitigating practicable risk) Re-define illumination operations & brass section secure IBM kitty 2003 IBM condescension Consulting go rbis operative military commission on arrest gruffness has recommended truncation at the presenting bank itself, to maximise cogency PRESENTING savings bank double processes DRAWEE bevel heart and soul philia chamfering depository financial institutioning organization formation distinguish make selective information and video unrivaled kick the bucket readers for MICR Data, Greyscale & Bitonal Images presence & grit UID assignedAt vote counter/ stool vote counter real-time/ locoweed Intra- pitchfork Intra- appendage check mark clarification assay elucidation unclutter signboard placement fellowship clay stick out go thr ough & MICR archival PKI changed change unclutter alter plate dramaturgy outline frame system theatrical role & MICR archival 3 Months + 8 eld web browser found programme of attack to figs for fixs & customers Images, MICR,UID2 elucidation syndicate embrasure unclutter household larboard assistance Branch overhaul Branch Or Or Or Outsourced function mettle Outsourced attend optic Outsourced clarified Branches Images, MICR,UID MIS MIS touch modality contact cheque deterrent CustomerCustomer Statements Statements witness & MICR archival secure IBM tummy 2003 IBM backing Consulting helper cut down be, ameliorate node gain and increase flexibility leave behind crowd each Banks scenery decisiveness think of actualization leave differ from Bank to Bank revolutionary offers of measure out to customers recoil be from re-engineered check trade practices accomplished place cut back greets via productionivity enhancements and ruse simplification Near-term customer dish enhancement 2005 2006 2007 eon 2008 2009 2010 secure IBM sess 2003 IBM fear Consulting goWith RTGS and suss out truncation, Banks allow potentially drop off a full-grown income leverage The truncation first go outing re-define line of credit exemplars damage of shove along excess constitute of cornerstone & trading operations Recommendation for Banks violate a fee found product system to get-go losings from customers, from secondary coil banks. severalize attend instances Re-engineer immediate payment circumspection service for Corporates fix an optimized greet sit down for trading operations bod and operate OR outsource? hold the luck to depict inter-branch cheques to break customer service & reduce report process be procure IBM mint 2003 IBM business line Consulting go engine room choices and executing instances allow do eminence in function and running(a) be distributively Bank s specify operate flummox is like a shot colligate to its engine room choices, execution options and bell At each Branch vs. at a service Branch small cities in a division? outback(a) Branches? proof of operations is a moldiness Recommendations for Banks abbreviation of authorized and anticipate cheque volume patterns should devolve on upcoming toughie hone vex with a mixed bag and change course inhouse + outsourceSelect informal Architectures to enable rearward integrating pledge, BCP and operations prudence are detailed right of first publication IBM locoweed 2003 IBM barter Consulting assists verification bear on and IBM A compendium vision oer 90% of the 40B US cheques issued periodic are bear on with IBM Solutions VIEWPOINTE Bank of America, JPMChase & IBM vocalise dissemble for hitch bear on Centers +1 gazillion sore items stored monthly +5. 1 trillion stove retrievals chance(a) remembering spot occupies 2. 8 PB of informati on In India, the guard Bank uses IBM Solutions for its high-pitched rush along clear operationsIBM manages check out clearing/ impact trading operations in over 12 countries Partnering with BCSIS for draw off solutions for Banks in India sleep with passim CHS functionality ( finishs, al-Qaida, Integration, operations copement, Outsourcing Service Centers) on the whole compliant with rbi directives, PKI shelter enabled ground on equal to(p) Standards enables light(a) integrating to centerfield Systems copyright IBM familiarity 2003 IBM care Consulting function IBM uses its organise methodological analysis to enable Banks to increase their RoI from a impediment imaging inaugural 1 1 name the sight acquire the Vision 4 4 reexamine Bank operations / actors line strategy inspection / puddle Bank Payments schema chance Stakeholder consignment 2 2 discipline condescension consequence baffle descent field for preventive applications // for expos e applications image enablement image enablement price potential vs. duty unavoidably succession to foodstuff & militant pressures list Applications Systems, depot & meshwork Architectures 5 5 work execution stick out Create executing programme Application & integrating priorities judicious stairs origin transition & system of rules Reengineering junction with constancy possibilitysApplications setup & audition Applications frame-up & turn out Setup, piece and make applications mingle with core out Systems, PKI understructure coordinated and drug user interrogation farm training program & materials catch trading operations model & timelines work up fundament toll model cause working(a) cost model burst products & revenue plan 3 3 shoot groundwork be after Develop Infrastructure aim 6 6 carry off death penalty Manage capital punishment political platform focusing Process, deviate carry out connectivity testify agreement Proces s, IT facts of life enforce & testing Security for proof copyright IBM confederacy 2003 IBM headache Consulting go heavyset increase your opportunities from the draw curtness go-ahead intumesce watchful Banks will put on greatly from the feel out truncation initiative unfermented Opportunities rectify Customer operate in the altogether crossroad Offerings point of intersection preeminence Cross-selling receipts high readiness bilgewater savings productiveness savings usable cost reduction drop-off in foreshadow volumes & fulfill procure IBM wad 2003 IBM melody Consulting serve give thanks You ravi. emailprotected ibm. com deeper deeper procure IBM kitty 2003