Technology is a key business driver for the bank, and its proficiency in this endeavor has attracted a large number of corporate and retail customers. After conducting market research, DBBL discovered that 87 percent of the potential customers in Bangladesh did not have a bank account of any type due to the lack of any branch office near where they live. The study also revealed that 50 percent of this market-segment possessed a mobile phone. In addition to making banking more convenient for customers, this approach also offered a low-cost transaction methodology for DBBL.
Mobile Banking System Model Mobile banking is seen to be an extension of the existing payment infrastructure of a bank to mobile phones as a channel for the leveraging of the mobile network and its reach, to deliver banking services to consumers. The mobile banking infrastructure thus sits in a similar technical environment to the banks ATMs, POS, branch and internet banking service offerings.
This translation is normally performed by an EFT channel switch. The EFT channel switch would switch transactions from the channel to the appropriate area within the core banking system. Mobile Banking Bearer Technology This section addresses the front-end component or consumer-facing mobile banking technologies.
This component of the end-to-end mobile banking value chain is typically supplied or customized by either a mobile banking vendor or the specialized technology unit within a bank. These Mobile Banking Technologies can be categorized into two environments: Client-Side Technologies Client-side technologies are those applications, solutions and service offerings built or Embedded on a consumer SIM or mobile handset.
These consumer-facing technologies each have differing characteristics and processes. This registration process is defined by the service provider and serves as an Dbbl mobile banking benefits identification of the consumer to ensure ongoing trust in, and security of, the transaction.
There are numerous methods of registering or activating customers in existence, all of which require the endorsement of the bank offering the service.
Consumer registration often creates a barrier to consumer adoption, but serves as a necessary step in the process of eliminating fraud and potential transactional risk in the offering as well as being a regulatory requirement.
Evolution of Mobile Technology The first radio telephone was discovered in US at the late s and the main reason behind that was to connect mobile users in vehicles to the public network. For an easier and more adequate explanation of mobile technology, the innovation has been simplified and categorized into 4 groups of generations.
Each one of these generations is an advancement or improvement of the previous generation. These generations are categorized as, first generation 1Gsecond-generation 2G and 2. Ashiho stated that the first generation of mobile technology or 1G had only voice facility as the main feature and that the mobile phones were based on the analogue system.
During the s, 1G analog system for mobile communications saw two significant developments: In addition to that, the semi-conductor technology and microprocessors made mobile systems smaller, lighter, and more sophisticated a reality.
Besides that, since the introduction of 1Gphones to the world, the mobile market experienced an annual growth rate of 30 to 50per cent, subscribers rising to nearly 20 million by Ashiho, In Europe in the early s, 2G phones using global system for mobile communications GSM were used.
Ashiho mentioned that the motivation behind developing 2G cellular systems was the need to improve transmission quality, system capacity, and coverage.
The GSM has also the ability to operate as dual-band or tri-band phones, as they are adaptable to the local frequency system in the region the user travels through. The Mobile Phone Directory.
Just like 1G, the main transmission that controls the airways is speech transmission, but it has been mentioned that the demand for fax, short message, and data transmission is growing rapidly Ashiho, Like SMS, it transports small messages of up to characters between the mobile handset and the network.
In other words, both sides of the dialogue happen during a session whereas an SMS based interaction is broken into each segment of communication between the client and the service. With USSD2 it would be held in the same session and allow for a flowing conversation between the user and the service.
This is similar to e-mail and instant messaging, e-mail waits for the recipient to read and respond while as instant messaging allows for immediate dialogue.Dutch-Bangla Bank Ltd stands to give the most innovative and affordable banking products to Bangladesh.
Amongst banks, Dutch-Bangla Bank is the largest donor in to social causes in monstermanfilm.com stands as one of the largest private donors involved in improving the country. Dutch-Bangla Bank Limited (DBBL) is a joint-venture bank in Bangladesh, launched by local shareholders as well as the Dutch company FMO.
The bank focuses on financing high-growth manufacturing industries in Bangladesh and has won numerous international awards because of its unique approach as a socially-conscious bank. DBBL’s Mobile Banking has removed all these barriers for the UP staffs in Sylhet, Sunamgonj and Jamalpur districts.
Dutch-Bangla Bank Ltd (DBBL) and Delta Life Insurance Company Limited have recently signed an agreement on Mobile Banking Services at the Head Office of Dutch-Bangla Bank Limited. The agreement was signed by Mr. K. Shamshi Tabrez, Managing Director of DBBL and Mr. Md. Jalalul Azim, Managing Director & CEO of Delta Life Insurance Company Limited on behalf of their respective organizations. Dec 06, · DBBL Agent Banking A to Z including benefit,limits and interest rate What is Agent Banking? Agent banking is a % secured new banking process where every transaction is completed by verification. DBBL Mobile Banking at a glance Banking for the unbanked What is Mobile Banking? Mobile Banking is a Banking process without bank branch which provides financial services to unbanked communities efficiently and at affordable cost.
The district authorities disburse the UP staff salary through DBBL mobile banking every month and the UP staffs withdraw their money from their nearest DBBL mobile banking agents. Benefits of DBBL Student Banking Services. No type of charge to open DBBL account. If the account is canceled for any reason, Tk BDT will be refunded completely.
Free DBBL Nexus Card will be provided for lifetime. DBBL Nexus Card have not an annual charge. If DBBL Nexus Card is lost, you will get a card again at the cost of only Tk BDT. DBBL Mobile Banking Facility: What is DBBL Mobile Banking? Mobile Banking is a Banking process without bank branch which provides financial services to unbanked communities efficiently and at the affordable cost.
To provide banking and financial services through mobile technology devices i.e. mobile phone called Mobile Banking of Dutch-Bangla Bank. Mobile Banking is a Banking process without bank branch which provides financial services to unbanked communities efficiently and ataff ordable cost.
To provide banking and financial services through mobile technology devices i.e mobile phone called.