3.

Retail banking
Deposit schemes
Loans & advances

• Personal loan

• Housing loan

• Cards

• Consumer durables

• Auto loan

Mis at axis bank

INFORMATION SYSTEM

Axis Bank has implemented a new derivatives system -- Summit FT by

global financial applications provider -- Misys. The system will provide the
bank with the ability to structure derivative products in real time, reduce
time to market, and give a single view of the entire transaction to the
customer. According to Prabhakar Saxena, general manager (India) of
Misys, "A lot of banks are providing derivative products on a back to back
basis. But these are plain vanilla products, which are uniform in nature.
Summit FT will help Axis to structure its derivative products differently and
offer its customers products that are different from the run-of-the-mill
derivatives. Thus, it can charge a premium for its dynamic services." The
bank hopes to leverage the ability to rationalize its currently dispersed
functions to provide a single view of every transaction to customers.
Derivative transactions can expose the bank to three broad categories of
risks: counterparty credit risk, market risk, and operational risk. With
derivatives and structured products operations currently served by a range of
third party vendor solutions, spreadsheets, and customer built platforms, the
bank is predicting that rationalizing systems across front, middle, and back
office operations will provide significant competitive advantage. "Apart
from helping the bank to create new derivative products without having to
resort to developers each time, it also helps from a regulatory compliance
standpoint," said Saxena. The RBI favors transparent online systems that can
track every transaction and report it exactly as it is. Currently spreadsheets
are being used to record information, which leaves room for misreporting,
errors etc. An automated system will remove this anomaly and improve
compliance to a great extent. The Summit FT product was evaluated against

products by competitors Murex and Calypso before it was finally adopted by

Axis Bank.

ORGANISATION COMPUTING RESOURCES:

SOFTWARE RESOURCES

Risk Management solutions provider for derivatives market, Pyxis Systems,

has announced that UTI Bank has selected its RisKompass as the software
solution for financial derivatives risk management.

A software system for derivatives valuation and risk management,

RisKompass enables clients to manage derivative trades in a further
controlled way from the front to back office. Supporting the industry
standard FpML (Financial Product Markup Language) protocol, it can
manage valuation and risk management of a broad range of derivatives
instruments.

The system will handle derivatives such as interest rates and foreign
exchange for UTI Bank.
The implementation will provide the bank with an automated system that
reduces manual effort to streamline its operations.

The benefit envisaged by the bank is that everybody being on the same
system, it can be accessed by anyone on the different locations of the bank.
The users at the bank would include marketing staff, traders, dealers and risk
managers.
The solution will result in smoother deal processing, with verifying and
online risk monitoring mechanism. It will streamline all operations and the
risk mechanism can be monitored centrally.

UTI will be replacing their Crystal Xcelcius system with this solution. Pyxis has developed
utilities for data migration to this system. The solution is on a .Net platform, and will operate
on the Windows operating system.

The database employed is Oracle 9i.

Pyxis has already conducted a training programme for the users at UTI, and their personnel
will be present at their premises, providing on-site support, for a further period of three
months.

According to R.V.S. Sridhar, VP - Treasury, UTI Bank, The system is user

friendly, and the software offers good portfolio management features and
pricing capabilities required to meet the increasingly complex requirements
of customer business.

The process of implementation started in June 2006, and UTI will go live
with the solution by mid-October, said Sunil Nikhar co-founder, &
President, Pyxis Systems.

Pyxis will offer full implementation, customization and maintenance support

services for the solution. It is a very complex system, and it took Pyxis 18
months to develop it, added Nikhar.

UTI Bank is the first customer for Pune based Pyxis and the company is into
talks with some other large private banks for implementation of
RisKompass.

Axis BankeShop NetBuy is developed by Axis Bank and is used by 2 users

of Software Informer. The most popular version of this product among our
users is 1.0. The product will soon be reviewed by ourinfor mers.
Axis bank testing new mobile payment method
Axis Bank is in advanced stages of beta testing a new method of using
mobile phones to make payments. The service is expected to be fully
launched in just three months. A pilot study involving 500 customers of Axis
Bank is currently being conducted at various locations. If this mobile
payment method is implemented, users can swipe their mobile phone and
conduct various transactions, which were earlier possible using the credit
cards.

Atom Technologies, a subsidiary of the BSE-listed Financial Technologies

(India) Ltd (FTIL), which runs the Multi Commodity Exchange of India has
innovated a technology, which will enable mobile payments. Atom card- a
product developed by the company and the accompanying software can
embed a user's credit card data, over-the air like SMS into his mobile phone.

A 2-D bar code will store this credit card detail, which will be unreadable for
the user and will keep the credit card details safe even when the mobile
phone is stolen or lost. Whenever, the mobile phone user has to make a
payment he will have to provide his PIN details. After embedding the credit
card details into the mobile phone, the instrument can be used in place of
credit cards.

Purchases can be made at a merchant establishment, which has the requisite

software to implement the transaction. The company has called this swiping
model as 'optical payment' and has received a patent in US for this payment
mode. A simple webcam is required to read the 2-D bar code and can be
implemented at merchant establishments at a very low cost.

The software required to implement mobile transactions will be provided

free of cost to merchants, banks and customers by Atom. However, this
technology will be available for JAVA enabled phones at present. Many
other companies like Bharti Airtel, Reliance Communications and C-Sam
were also looking at offering mobile commerce solutions, but the Reserve
Bank of India (RBI) is yet to give its clearance for a mobile wallet service in
India.
•

Electronic Clearing Service (ECS Credit)

ECS Credit is an electronic clearing system that facilitates paperless

transaction through an offline system. Axis Bank facilitates ECS
Credit at all ECS designated locations. We accept the electronic file
and arrange obtention of settlement date (date of credit to benefiary
account) from RBI/SBI/Local Clearing House as the case may be. The
funds gets debited from a centralized account and credit is accorded to
the respective beneficiaries as per settlement cycle. A detailed MIS
about the transactions is provided to the customer.
•

NEFT

To establish an Electronic Funds Transfer System to facilitate an

efficient, secure, economical, reliable and expeditious system of funds
transfer and clearing in the banking sector throughout India. The
customer willing to avail the NEFT facility offered by us shall submit
an "NEFT Application Form" authorising the sending bank to debit
the sender's account and transfer funds to the beneficiary specified in
the NEFT Application Form. The Beneficiary's account will be
credited on the same day by crediting the specified account of the
beneficiary or otherwise placing funds at the disposal of the
beneficiary.
•

Real Time Gross Settement (RTGS)

RTGS System is a payment settlement system that minimises the

credit risk in the prevalent cheque clearing system. Under RTGS the
funds are settled on a near real time basis across Banks in different
locations. Bank offers this immediate electronic fund transfer facility
to RTGS enabled bank branches across through the country its
designated RTGS enabled locations.

ORGANISATION TRANSACTION PROCESSING

SYSTEM:
Team Inertia The way people do business has been changed significantly
with the advent of the Internet Revolution. Today customers have an option
to choose from a plethora of options while shopping for that favourite item.

Web Commerceor Ecommerce has witnessed a significant increase in

revenue year on year. You can now integrate this option to your website in
the various Secured Payment Gateway Options we have to offer.
Technologies are the authorized reseller for Axis Bank Payment Gateway
Services in the state.
EBS (E-Billing Solutions) is the Merchant Account providing company

partnered with Axis Bank that visualizes you how to become more
competitive and help you to make the changes to your online payment
processing for risk free business.
EBS "Payment Gateway" is specifically designed to accommodate the

increasing demand by e-commerce companiesfor sophisticated payment

solutions to tap the enormous opportunities for global Internet
transactions. The system also includes several exciting new technologies

that enable e-commerce businesses to make the things more customized and
backend more user friendly with advanced features and technical know-how.
How It Works.
Step 1: Customer select and adds item in the shopping cart And places the order on your
(merchant) website.
Step 2: Customer selects to pay via credit card .
Step 3: Customer is redirected through EBS Payment Gateway to Transaction Processing
Bank.
Step 4: Customer enters credit card details on Secured Payment page.
Step 5: Credit card information is transmitted securely to the corresponding bank for
approval.
Step 6: Corresponding bank sends appropriate information to the transaction Processing
bank .
Step 7: The result is forwarded to EBS (via the Transaction Processing Bank).
Step 8: Customer receives a confirmation and is redirected to your (merchant) website.
EBS has taken tremendous steps to secure your transactions from fraud, data
piracy and hacking. Some of the steps taken are as follows


An automated risk management system which triggers for all

transactions and flags the transaction for risk involved.


High Risk Transactions are manually investigated by our intelligence team and Risk control
unit at your customers and their issuing banks working hours.


RMS parameters.


Verisign 128 bit SSL encrypted.



Hacker safe certification.



PCI Audited servers.



Robust secured highly strategic data servers and network design for
sustaining heavy traffic transaction and data load.
•

Extensive Network

Axis Bank has its own branches in various locations. Above this our
arrangement with reputed correspondent banks covering more than
900 locations ensures that most of your cheques are covered under our
network and the realisation status can be known at the earliest.
•

Lower Interest Costs & Improved Liquidity

A dedicated HUB ensures that you receive funds in your designated

account within transit time thereby reducing interest costs and
improving your liquidity position.
•

Centralised Service Desk

A dedicated service desk has been started at our Centralised

Collection and Payment HUB (CCPH) to ensure that your queries are
resolved quickly and efficiently. The Customers can contact CCPH
regarding any query about the MIS or the process flow.
•

Web CMS

Web CMS provides you with all the information at a click. Detailed
MIS like location wise collection and return, product-wise pooling,
pooling in pipeline (due credit report) etc. can be viewed and
downloaded from web interface through internet.
•

Comprehensive MIS

We provide comprehensive MIS reports like daily report, transaction

report future credits reports and cheque returned unpaid report. On the
payments side we provide daily paid - unpaid status for the demand
drafts, cheques or warrants issued by your Organisation.
•

Mobile Alert Service

The CMS clients availing our collection products now have the
facility to subscribe to Mobile Alert Service for receiving alerts on
registered mobile phone numbers instantly after the funds are pooled.
To avail this facility, please visit nearest CMS designated branch or
log on to our Web CMS to download the form online and send it to
our branch where your account is maintained.