DIGITAL BANKING

Course

Learning outcome (at course level)

Learning  and Teaching Strategies

Assessment Strategies

Course Code

Course Title

CBFS 401

24BFS 10124101

Digital Banking (Theory)

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

Approach in teaching: Blended Learning, Collaborative approach, Interactive Lectures, Discussion, Group Projects, PowerPoint presentation.

Learning activities for the students:

Self-learning assignments, Seminar presentations, Case Study Analysis, Brainstorming activities

Class tests, CA Test,

Semester end examinations, Quiz,

Evaluation of student Presentations,

Evaluation of Individual and group projects,

Assessment of Project Reports and viva voce.

Contents:

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 Hours)

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 Hours)

Unit III

E-Payments: Definition, digital token-based e-payment system, types of E-Payment systems,

• Popular Electronic Payment Instruments, Risks, and Issues related to e-payment system

• Payment gateways: Meaning, Payment Gateways in India

(12 Hours)

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 the Information Technology Act 2008

(12 Hours)

Unit V

Digital Finance: Crowdfunding – Regards, Charity and Equity

• Regulations and Policies Balance between regulation and innovation: using financial technology, digital currencies like bitcoin and blockchain,
• Risk Management in Digital Financial Services, Fraud Management in Digital Financial Services

(12 Hours)