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The points mentioned by Shri C K Haridas, Convener, APEX Forum & South Zone Mentor
About the response received from more than 100 prominent persons from various fields
about the First time conduct of the Meet at Palakkad.
About the participation of NINE Expert panelists from 8 diverse sectors.
Vision and Mission of IETE according to the need of changing times.
Various student oriented activities organized by IETE for motivating the youth of the
Nation.
The importance of the theme chosen at the time of the nation at the door steps of 5G
services.
The points mentioned by Dr. K Geetha, Chairperson, IETE Centre Palakkad
About IETE Centre Palakkad
Activities of Palakkad Centre
Events conducted by the Centre in 2017‐18
Future Plans
Importance of the Theme chosen for the IETE Apex Forum Meet.
Introductory remarks by Dr. K Francis Jacob, ITS ,GM , BSNL
Advantages due to emergence of high end smart phones
Tremendous services in day to day affairs of a common man
Importance of mobile wallets
Security due to OTP transactions
Commercial applications like OYO money
Transaction alerts and security
Less wastage of paper and time
Multiple services provided by banking sector
Security enhancement due to Adhar and PAN liking in transactions
Technological changes envisaged by BSNL
How to be cautious in using mobile services
Dividend to be paid for cashless transactions
BIG data management and its security
Advantages in using Rupay cards
Digital transaction a symbol of honesty
How to be cautious in using mobile transactions
Points mentioned by Shri. M Jayaram, Regional Manger, SBI
Every paisa becomes accountable
Growth in GDP is expected
Digital Banking is secure
Cost of mobile banking is less
Points mentioned by Shri. Sumesh K Menon ,MD Winds Business Solutions & Vice President, Palakkad Management Association
Security space will be changed by new banking technology
Block chain effect in new banking technology
Disruptive management will affect banking sector
Even 128 byte encryption of the bank is cracked
Approach to security should be completely changed
Cost per transaction has to be reduced
Concern on P to P banking which is coming up
Infrastructure of banks not capable to handle the change.
Importance of antivirus for mobile handsets
Consumer is transferred with all responsibility with regard to security.
Points shared by Mr.K Manoj, ASP, Postal Department
Postal Bank using mobile banking
Importance of financial inclusion
Create awareness for rural community on advantages of Cashless transactions/Mobile banking/net banking.
Points mentioned by Shri. M S Ajayan , Divisional Engineer, BSNL Mobile is a gateway, not just for Banking, but also for a heterogeneous range of services like multiply, telemedicine, e shopping, education..etc When it comes to Banking service, two considerations are top important a) Network readiness, Seemless connectivity, Preparedness of apps, augmentation of servers to suitable scale etc b) Security. This aspect should be examined in 3 layers. i) End user level. User awareness on password management and security measures is most important ii) App level. The mobile apps for E Banking should follow some mandatory guidelines of security. Standardization is a must in this area iii) Government/Regulatory agency level Legal enforcement and monitoring of security measures to be ensured.
Points shared by Mr. V Manikandan, System Admin, KSEB
KSEB switching over to mobile services for
Bill Payment
Payment via Paytm
Complaint registration
SMS alerts on bill information/outages/ interruption alert
Points made by Shri. M B Chandrasekaran,CGM, PL Group of Companies, Kanjikode
Payment problem of unorganized sector
Mobile banking system should ensure to enhance customer confidence
Customer base will increase due to the same
Introduction of E way bill will wipe out black money/ assets.
Points shared by Shri.. Schiller Stephen, President Press Club, Palakkad
Usage of local language to communicate and create awareness
Bank charges has to be reduced
Requirement of proper technical support
Reduce the tax for all digital transactions
Youth power to propagate advantages of mobile based financial services
Security of Digital Financial transaction must be included in the curriculum.
Points mentioned by Dr.Jisha K K, Asst. Prof. Govt. Victoria College Palakkad
Concern on the ripple effect in economy
How Mobile banking drives economic growth
Affecting informal sector
Digital infrastructure should be created before implementing E‐ transaction
Un‐organized sector affected by cashless transaction
Points mentioned by Shri. N Ramachandran, Sr.DSTE Southern Railway ,Palakkad
Comforts of digital communication and transactions
Digital usage and cyber security should be included in school syllabus
Railways using mobile services through IRCTC
Biometric verification will be a solution for enhancing security
Points mentioned by Prof. C Pradip, Immd. Past Chairman, IETE Palakkakd The forum is coming to an end with thought provoking remarks on the various issues of mobile based transactions. The deliberations successfully debated issues like cyber security and the impact that can happen due to technological changes .The forum stressed the need for financial inclusion for all citizens. The forum suggests the authorities to propagate and educate the common man on the advantages of cashless transaction and how it can be achieved easily through the usage of mobile services.
Active participation from the audience side
Concluding Remarks
1. Awareness campaign on usage and security issues of mobile transactions is very important
2. Peer to Peer and Disruptive management going to introduce sweeping changes in
transactions
3. Concept of adopted village –helps in propagating and educating people
4. There should not be any digital divide
5. Financial inclusion should be made
6. Propagating Rupay card will further reduce the transaction cost.
7. Included digital transaction and cyber security in school syllabus
8. Make use of local language in communicating with rural and uneducated sector.
9. Honesty charge to be given for those who do digital transactions
10. To percolate digital transaction and give incentive for digital transactions
11. Usage of youth power to propagate the advantages of mobile based financial services
