Impact of Telecom on Financial Institute

• Alok Prakash

• Ashwini Gangala

• Hrishikesh Mundhe

• Roman Rathod

• Shristi T

• Shweta

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

Telecom expansion

Telecom expansion

For Banks

For Banks

How does it Work

One bank philosophy

• 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.

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

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

CONSUMER DRIVEN FRAUD

• Counterfeit currency

• Phishing, SMS spoofing, fake SMS (Various)

• Unauthorized PIN Access

• Voucher fraud

• Unauthorized denial of funds

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

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