DIGITAL BANKING

Paper Code: 
SBFS 302
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Learning outcome (at course level)

Teaching and Learning Activity

Assessment Strategies

Upon successful completion of this course, the student will be able to:

  1. Analyse the concept of Electronic Commerce, money and payment system.
  2. Appreciate digitization of Financial Services and financial Technology
  3. Differentiate between various Digital Payment system and Payment gateways and their implementation in Banking Industry.
  4. Evaluate the security and privacy issues of Digitization of Financial Services.
  5. Critically Evaluate the role Digital Finance and the effectiveness of the Regulations related to Information Technology

Approach in teaching: Interactive Lectures, Discussion, Tutorials, Practical cases Demonstration, Power point presentation.    

 Learning activities for the students:                              Self learning assignments, Effective questions, Seminar presentation, Live practical problems analysis

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects
 

 

12.00
Unit I: 
Overview of Electronic Commerce–

Introduction to Electronic Commerce–Internet and Transactional Security–Infrastructure for Electronic Commerce.

 Money and Payment Systems: Instruments of payment systems–Dematerialized currencies–Transactional properties of Dematerialized currencies

12.00
Unit II: 
A Brief History of Financial Innovation

Digitization of Financial Services,
Meaning of Financial Technology, Aspects of Financial Technology,
 Concept of Insurtech, Role of Insurtech
Digital Money–Building blocks–Digi Cash (Ecash)–Net cash.
 Security of Integrated Circuit Cards: Smart cards and their applications–Multi application smart cards–Limits on security

12.00
Unit III: 
E-Payments:

Definition, digital token based e-payment system, types of E-Payment systems,
 Popular Electronic Payment Instruments, Risk and Issues related to e-payment system
• Payment gateways: Meaning, payment Gateways in India

12.00
Unit IV: 
Security and legal Aspects of E-Commerce

Threats to E- Commerce,
 Measures to ensure security; Cryptography, digital signature and certificates, certification authority, SSL, malware, firewall
 Objectives and main provisions of Information Technology Act 2008

12.00
Unit V: 
Digital Finance

Crowd funding – Regards, Charity and Equity
 Regulations and Policies Balance between regulation and innovation: using financial technology, digital currencies like bitcoin and block chain,
 Risk Management in Digital Financial Services, Fraud Management in Digital Financial Services

Essential Readings: 

• T.N. Chhabra, R.K.Suri “E-Commerce new vistas for business” Dhanpat Rai & Co.
• Sanjeeb Kumar Dey, Manoj Kumar Behera, Ashutosh Prayas Dash “ An Introduction to E-Commerce”, VK Global Publications Pvt. Lmt.
• Indian Institute of Banking and Finance, Digital Banking, Taxmann Publications P.Ltd.
• Vasudeva, E-Banking, Common Wealth publishers, New Delhi.

References: 

Suggested Readings:

• StallingW., “Network Security Essentials”, Pearson 3.CharlesP.P fleeger,Shari Lawrence P fleeger,“Security in Computing”,Fourth Edition,2006.
• KurtBauknecht,SanjayK.Madria,Günther Pernul,Electronic Commerce and Web Technologies, Lecture Notesin Computer Science, August 27, 2001
• Weidong Kou,Payment Technologies for E-Commerce,Springer,December1, 2010.
• E-BusinessR (Evolution)-Daniel Amor(Pearson Edude)

e-RESOURCES
• https://raceinstitute.in/wp-content/uploads/2018/08/Download-RECENT-UPDA...
• http://www.ismsedu.com/E-Banking%20Management.pdf
• https://www.hitachivantara.com/en-us/pdfd/ebook/digital-nexus-in-banking...
• https://www.idrbt.ac.in/assets/publications/Best%20Practices/Digital%20B...
• https://www.niti.gov.in/sites/default/files/2021-11/Digital-Bank-A-Propo...
• https://rbi.org.in/commonperson/english/scripts/digitalbanking.aspx

JOURNALS
• Journal of Internet Banking and Finance
• Journal of Digital Banking
• Journal of Electronic Banking Systems

Academic Year: 
2023-2024
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