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The success of electronic banking in a cash heavy society Iraq Finance 2014 Usman Qureshi Head – International Busines

The success of electronic banking in a cash heavy society Iraq Finance 2014 Usman Qureshi Head – 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

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The success of electronic banking in a cash heavy society Iraq Finance 2014 Usman Qureshi Head – International Busines

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  1. The success of electronic banking in a cash heavy society Iraq Finance 2014 Usman Qureshi Head – International Business Development

  2. 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

  3. 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

  4. Dotin’s Lineage IT Subsidiary of Fanap and Pasargad Bank providing banking solutions and services to Banks Payment organizations Enterprises • The ICT Subsidiary of Bank Pasargad • Providing ICT Solutions and services to • Banking • Insurance • Transportation • Telecom Two times winner of “The bank of the year Iran”

  5. Products Dotin’s Core Banking System • Fully web-based • Centralized/Decentralized • Clientless • Intensive change management • Service Oriented Architecture (SOA) • Integrated Straight Through Processing (STP) • Reduced time to market • High Performance

  6. Products Islamic Banking • Ijarah • Istisna’a • Murabaha • Musharaka • Mudaraba • Tawarruq • Hajj Loan • QardHasan • Finance • Other personal • finance without • interest

  7. Products Dotin’s Payment Platform • Service Oriented Architecture (SOA) • Straight Through Processing (STP) • Supports all the common standards • ISO 8583 • IFX • NDC+ • Multilingual • Multi currency

  8. Products & Services Dotin’s Payment Platform • Tailored Services on: • Mobile • Internet • POS • ATM • Kiosks • Vending Machines • Smart Cards

  9. Services • Consulting • Outsourcing • Business process review • Technology integration • Payment processing • Project financing

  10. The history of a Cash Based Society Now Plastic is preferred Till 2010 The preferred mode of payment was cash The initiative to Promote electronic banking and use of cards

  11. 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.

  12. The introduction of Electronic Banking Dotin’s Advantage…A comprehensive total banking suite

  13. The advent of a cash-less society 225 million cards by the summer of 2013

  14. The advent of a cash-less society A 55% increase in ATM transactions between 2011 and 2012

  15. The advent of a cash-less society – Nilson

  16. Nilson report 5th editions “Largest Payment Card Issuers and Merchant Card Acquirers Worldwide”

  17. Transformation of banks by Dotin Other Migration cases • 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 Bank Resalat Bank Toseh and Taavon Imam Khomeini relief foundation

  18. A migration setup Central Switch

  19. Bank Pasargad

  20. Bank Pasargad 2012 266th Top 1000 World Banks 2010 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. 435th 2008 574th

  21. Bank Pasargad Bank of the Year 2010 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.

  22. Bank Pasargad Bank of the Year 2012 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.  

  23. 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.

  24. Our Message

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