E-banking as a modern form of banking.

TASHKENT, February 25 (UzReport.com): Due to active development of IT technologies, both large corporations and individuals want to spend less time on making financial operations. This is why distant banking online servicing has been a foreground direction of local internet banking system development for many years.

To give a better picture about E-banking opportunities we offer our readers to learn more about different solutions of local banks.

Presently, the number of PC with Internet connection is growing daily. Thus, in 2010 the number of Internet users increased 1.6 times and exceeded 7.4 million individuals. Due to gradual reduce of tariffs for internet services (they decreased by 20% in 2010) the terms for users are constantly improving.

In its turn, e-banking is one of the most dynamically developing sectors of e-commerce. The Internet opportunities in the sphere of banking are constantly increasing with the launch of new services and technologies.

Internet technologies can not only supplement but also directly support development of certain banking directions. Thus, "plastic" business wins if information about transactions is available for a card holder any time.

Thus, the launch of internet technologies for client servicing shall not be considered individually but only in connection with different aspects of banking business, since only complex solution of difficult issues can provide more effective result.

Today internet technologies of banking services attract more and more new clients due to increasing trust to banks, increased spectrum of banking services and distant account management.

Commercial banks have been experimenting with different forms of online access for many years. To be noted, since the information about internet banking systems between agents is transferred online, bank experts pay special attention to database safety.

Analyzing major directions of e-banking, its key moments, we can assure that internet technologies take an important niche in e-banking development and worth narrow attention as a phenomena able to change banking business as a whole.

To be noted, Internet banking (or E-banking) means any user with a personal computer and a browser can get connected to his bank -s website to perform any of the virtual banking functions. In internet banking system the bank has a centralized database that is web-enabled.

At that online banking is a better modification of Client-Bank system and provides additional advantages for bank clients.

Thus, Asaka state joint-stock commercial bank uses e-banking to make settlements with clients in real time mode. A user can track all stages of payment on the desktop of his PC. Information about payments is renewed regularly.

Asaka bank uses international cryptography forma to protect the information from unauthorized access. Sides also use electronic digital signatures to protect the information.

Identification system guarantees the authenticity of sides conducting the operation, while electronic documents sealed with digital signatures have a legal force along with paper documents, sealed and stamped by both sides.

Alokabank open joint-stock commercial bank was one of the first banks to launch online banking for individuals. This service of distant account management was launched as corporate client service few years ago. Launching online banking for individuals became the next step.

The clients do not have to make daily visits to bank and other institutions carrying out payments. The client can use banking services by creating automatic workplace at home or at work and tracking all stages of payment procedure in real time mode, thus saving money and time.

Mikrokreditbank open joint-stock commercial bank launched online banking for rendering user-friendly online banking services to corporate clients and subjects of entrepreneurship.

The client can track the state of his accounts, regularly receive information about money receipt on accounts, send and receive banking documents, registered in bank's database, make extracts from personal accounts, balance reports, information about account for certain period of time and on wide range of criterion, check archive of payment documents, select documents on different criterion, import payment documents, prepared by such systems as 1C, convert documents from Internet-banking system to text file to import into accounting system, check out information at directories (currency directory, bank directory, etc).

Turon open joint-stock commercial bank's clients can use online-banking to track accounts, receive information, send payment documents, check out document archive, make extracts on personal accounts, etc. Moreover, SMS-banking service helps to track current operations by exchanging sms with the bank.

Trastbank private open joint-stock commercial exchange bank also offers online banking service for its clients. According to bank experts, one of main advantages of this system is that it allows not to refrain from mistakes at filling the payment order since the system checks out the correctness and indicates the mistakes.

Moreover, SMS-bank system is extremely popular among bank clients who can request current balance of their account, information about change of their account and latest operations.

Samarkand open joint-stock commercial bank offers SAM.online system that gives an opportunity to make and receive payments from any agent with or without connection to SAM.online. To be noted, the bank additionally offers such services as mobile-banking and SMS-banking.

SAM.online is available both for legal entities and individuals. In 2011 Samarkand bank launched new service E-deposit on the basis of SAM.online system, enabling the clients to deposit funds 24/7, from home or office and manage accounts online.

Using online-banking at Asia Alliance private open joint-stock commercial bank, managers and accountants can manage their accounts and make banking transactions online. Moreover, in 2011 the bank launched Online bank system of automated banking notification to inform bank clients through SMS, email, FAX, IVR in real time mode.

Hi-Tech closed joint-stock commercial bank offers its client i-bank system of distant client servicing. To connect to this system one should apply to the bank in written with identification of an individual on whom digital signature should be registered, make an agreement for this service and receive digital signature. Moreover, the bank has SMS-informers and Mobile-informers.

Further development of modern telecommunications and online services is one of primary tasks in 2011. It is planned to upgrade telecommunication network by launching modern broad band and optical technologies, 950 kilometers of fiber-optical communication lines.

It is planned to increase carrying capacity of international access to Internet over four times, increase the number of fixed internet users from 3 to 3.5 million users, double the number of broad bank communication network users. All this will open new opportunities for banks. Online banking has a huge potential for further development and can become a virtual financial supermarket of banking products for individuals and legal entities.

It is about the creation of full-fledged online office with an opportunity to make financial transactions online. In the future online banking services can become a single virtual space for financial services and products, necessary and convenient both for individuals and big business.

(THROUGH ASIA PULSE)