How Do I Sign Oklahoma Banking Presentation

How do i industry sign banking oklahoma presentation now

thank you for being here today it's a pleasure having you we're going to spread the word about unique achievement over the blockchain for the banking industry and I would like to start with something let me say far away about technology but at the end it's it's related in this picture I like it though it's a gray nothing unique about it but any idea what's what is this what we've seen in the screen anyone can guess what is this a chain yeah any ideas okay I've seen it as from my point of view as a family chain what I mean by this family members you know they trust each other and trust each other's and protect each other's back no the they share same blood right no guests are allowed in without the former agreement of all family family members right so true family members they keep private information within the family it's data privacy they update each other's with all informations so they can protect each other's and make their house secure so this is the family chain it is the blockchain from my point of view look chain is all about security efficiency and data privacy it has to enhance our life it has to enhance the processes we were using and duty rising in the banking industry and in several industries so by the way let me introduce myself this is gasp answer sack I'm the chief technology and innovation officers of ICS financial systems I will be with you today with my colleague ride Malka we he is the digital banking product product manager in our company I would like just to start with a quick brief about our company the services we provide for the banking industry and the use case we're going to give you more insights about it and the good thing you will see a live demo for fund the transfer and cross-border payments between two subsidiaries for one of our customers in their proof of concept and POC environment at the end of of the show so today ICS financial systems is leading universal core banking provider with over 100 customers across Middle East Africa Southeast Asia Central Asia and Europe we we've been in business with Oracle since the early nineties when we created our flagship project ICS banks and today we have support and implementation offices the world we are focusing on emerging markets in different countries ICS banks is a universal sweet today covering universal banking wholesale retail corporate commercial banking Islamic banking no Islamic banking now is taking a considerable stake in the market also we cover investment banking finance leasing and the full-fledged digital banking platform which is going to be part of the live demo you are going to see today ICS is considered ICS financial systems is considered one of the first Oracle is V partners who certified its full financial services stack to run on the Oracle cloud and today we are still adding more cloud offerings to our streamline of products including products like blockchain and artificial intelligence in fact we we participated in the early access program of blockchain early this year and we were able to perform a successful proof-of-concept with one of our customers in Jordan Arab Jordan investment bank to utilize the Oracle cloud service to enhance the cross-border process for a job and we are able to enhance the customer experience for for the bank and at this moment I would like to thank mr. diamond at do me he is the CIO of Arab Jordan investment bank for for being a pioneer and giving all the support and the initiative for us to start this process of proof-of-concept with them Thank You Ayman for being here we will come back to you later thank you also this is some of our references in in the region covering many products and services some of them they do Islamic banking some of them corporate some of them almost digital banking with a few branches and the greater meter meter representatives this is the certificate we received from Oracle for our early achievement on Oracle cloud now our offerings on all its fledge are supported and listed in Oracle marketplace also in quake back in August this year we conducted high water performance benchmark with Oracle Exadata and exadata cloud at customer machines and achieved unmatched results in the industry in in brief the system supported a sixty thousand concurrent tellers for the back-office posting thirty six thousand financially transactions in a second across five thousand branches for end of day processing and you know this is one of the major Bane's customer and banks have today the system processed two hundred thousand sixty two interest accounts per second by this you can imagine how the end of day processing is going to be even for the largest banks it's going to be a matter of few minutes for digital banking the system allow two hundred thousand concurrent online users to log in to our digital Bank in the platform posting over one hundred forty five thousand transactions per second and the system supported over a million logins and connections within a 30 minutes window this is a brief of the results it's publicly available going back to our customer Arab Jordan investment bank this is part of the announcements and campaigns we've done together we've done with with Oracle to publish this achievement as being the first one the first one in Middle East and Africa to adopt oracle e blockchain for a use case valid for the banking industry so we're glad to share this experience with you now I I will just give give a small brief about the challenges banks have today in their current processes and where does the blockchain fit the most you know the challenges are many as you are aware the current process of cross-border payments involves third parties and intermediaries and this in fact bringing so many challenges to banks and customers as well banks today they are competing to enhance their customer experience by providing a real-time payment against same-day use of fund as in the current process also they are looking to significant reduction of cost and processing time while still providing a trusted and secure payment network without sharing data with third parties you know when we when we talk about sharing private data in the banking sector it's a red line in terms of regulations and central bank's approval so one of the main targets we wanted to achieve is to provide a secure payment network real-time almost real-time payment payment network without sharing data with any third parties so what makes blockchain and Oracle blockchain and specific attractive for our customers here I I would like to discuss a couple of key elements I think it makes the blockchain the new normal for the payment industry first of all is to enhance the customer experience and to automate their processes outside the organization boundaries another main factor is be able being able to it the payment end-to-end tracking of their payments and enhance their decision-making in a real-time situation another key element is reducing the operational cost how we achieve this we eliminate third parties we eliminate any mediators in the process and by this we achieved more data privacy and more data security so in blockchain once you get in you can see that you can eliminate many processes or many stages in the current a process to enhance the throughput of your transactions at the end and I believe that the underlying major factor for all of this to work is security efficiency and of course data privacy for example Oracle today provides an enterprise ready platform where security scalability high availability and most importantly the ease of integration all of this are made standard today within the Oracle platform especially with the rest a be eyes they are providing for the integration so Oracle also provide a secure platform your critical records can be replicated securely and data and the blocks are cryptographically links and this well of course protect you against any single point of failure as in the current process and enhance your reconciliation process all this together will also help you achieve the highest levels of data privacy by eliminating the intermediaries at the first place so what we did how we started this project and what finally we're going to show you today is all about the blockchain adapter we created as the heart of our engine integrated with all our digital banking channels integrated with our core banking and other third parties and sanctions and AML systems of course this is urban adapter it can be integrated with any other third party it might be part of the process for other use cases so our a blockchain adapter provides a seamless integration for for the entire process now we will give you more insights about more technicality about the use case and here I would like to invite right to start with detail the discussion and the work if law for the process then we continue with the live demo ok hello okay okay that's great [Music] my name is banking we provide full fledge digital banking platform including internet banking mobile banking all integrated into an omni-channel which which gives all of the customers an omni experience now we are going to talk about the blockchain adapter that we have created which is part of our engine from our only channel enter that we going to to present today this event aware that avoided the seamless integration between all of the third parties to give it a bank the access to write and breathe from the blockchain so we we have created this blockchain adapter in order to give all of the demands this seamless integration to integrate with any third party and also to communicate all of the transactions any type of transactions between poaching and any third parties and also with our code banking system so this is logic adapter actually works with electrical supplies also which can read and write from the recipients with our core banking system in addition to our digital banking platform also with with a.m. and systems for any am and system including safe huge and and all of other payment systems this is the engine architecture that we have today and the top of the the top of the picture we can see our digital platform including all of the touch points that we that we can present for or we can provide for our customers including ATM and chaos machines internet banking mobile banking and in general including SMS and were up in Paris Bank so customers now can initiate payments from any channel including internet banking now today we are going to present from internet banking this transaction of the digital banking we have the blockchain adapter which which code which handles all of those communications between the core mantain the blockchain and Raj Chetty notes in addition to the 8 and all if we have any regulatory system that means needs to be integrated with we can integrate them so this is not change adapter will handle all of those all of this communication now also customers can also create payments throughout the counter so if I go to the counter for example now everything has gone to the digital the plant and I want to also initiate the payment I can initiate this favorite what I can do the transfer from also our core banking system from the counter now what's the use case that we have created with our Abdullah investment bank they have multiple subsidiaries across the world they have a subsidiary in Jordan that main main and quarters are in Jordan we also have the also have a subsidiary in Cyprus in addition to copper so they wanted to create payment system to eliminate all third parties to initiate payments and make one of those payments near real time actually so this is the high-level architecture of the system where we have a back one back two and back three every each at each node is on a different subsidiary in a different continent so customers touch point and this this channel this those communication will be done through the doctor and we will have the blockchain so we will have the adapter on each now this is this will demonstrate actually the workflow how how the transaction will be done exactly know now for example I am on the internet banking or the mobile banking and I want to initiate the transaction so I will fill out before I would fill out their a transaction for the transfer form so I will initiate this transaction first we will have to check all of the transaction details with our core banking system so we need to check the balance we need to check the iPad with the customer that beneficiary all of the details of the transfer so this is the first level of checking for for the pain now after checking and if there is no violation we will communicate through our REST API that we have created okay from and then we will we will communicate or we integrate we will submit this transaction to the air and orders cleaning system to validate the issuing bank they're showing customer to validate the beneficiary at our number beneficiary named everything related to regulations in order to have a given transaction so after that if there is no violation from the hey man okay then the transaction will be submitted to our core banking system to have a reference number and to make everything clear it the core banking and to the joined accounts okay that we have so the transaction has been issued into the core banking system now after we get a successful response we would submit the transaction into the rest api's when the oricon blockchain server now after the after submitting the transaction and getting a successful message from the creating the blockchain the transaction will be replicated to the other side the other Bank now after this we have created the lesson so as here in the other part okay we have another node of the blockchain which has a listener or an event listener that connects all of the payments or any block okay and then we will have we would collect the system you've got that that we that has been executed okay now after that the blockchain adapter will read change now after that with the transaction for example in the issuing customer was not listed on the on the phone the issuing Bank but it was blacklisted so we have to recheck again with the EM and system or antimony removal system that the transaction is clean and there is nothing related to blacklisting customers or anything else so if there is no violation here then the transaction then the blockchain adapter will submit the transaction to the core banking system and beneficiary account directly now into the harbor so the customer or the beneficiary now on the other bank can just forget his money from from so after that all of those notifications customer will be notified a customer will be notified I mean officially will be notified that has been that his account has been credited with less amount and everything will be clear and almost near real-time transaction will be done instead of two to three days okay before before thank you for sharing this insight about the use case while right is trying to launch the real demonstration let me take you through how we started this use case with with Oracle no we chose Oracle as I mentioned because of the enterprise ready platform they are providing which was Oracle because it's it's like a natural continuation to our business with them since the inception of our services we were able to launch our blockchain services in record time starting the Fram participating in the early access program to the mastering the technology and right now you will see the use cases and the products we are offering to our customers to enhance their processes and operational experience please right now let's go to what I I guess everybody is looking for right now ok now we are connected actually to the bank test environment now because we have completed the POC and now we are trying to make the life to make the use case on the light environment so this is the test on the environment of the bank now it's actually 2 3 2:30 a.m. and back in Jordan okay so the guys are just waking up with us ok now we are going to look to our internet banking this is the bank test environment internet banking ok I have to do the captions now me as a customer I will log in into them of an internet banking and I will go to transfers now the transfer stop there is a new functionality or a new service o our platform which is transferred to another item subsidiary now I will have to select my debit account this is my account so I only select my debit card ok I will select my the subsidiary that I want to transfer to so I want to transfer to Cyprus now I will just I'm just copying the item because it's too big ok so this is the idea of the customer of the beneficiary that I want to transfer to let's say I want to transfer 180 Jordanian dinars okay now I have to also select charge type is the charges will going to be on the beneficiary or me as a national customer or it is it assured transfer so let's see for the beneficiary let's say here Mike for example again I will put the beneficiary address I press ok and I will put some remarks here from a man okay next now here by clicking next here we have communicated the transaction or we have submitted the transaction to our callback for checking now we have checked the balance if we have exactly if we have an available balance we have checked the idea of not beneficiary if it's correct or not we have checked if the customer has limits so for example I have to limit I have to do transactions for example buying only $1000 per day so all of those checks have been checked by the core banking throughout our digital platform ok so now I have all of the details ok now magic I think they have very light charges for this for those for this type of transactions to enhance to encourage actually customers to to submit those transactions and to open accounts in both a man and Silas okay now I have to put my password the transaction password or the OTP or whatever ie I have with the bank now I will submit the transaction now once I submit the trans actually we are calling now the REST API that we that we have created and the transaction will have been submitted to the core banking and as we can see we have a success message here okay and we have this transaction ID okay we are showing the transaction ID now because of the because of the demo to show you that the transaction has been submitted into the blockchain so now this is the console of that blockchain that we have here so just a second let me just prove to other another car refresh okay so now we have a transaction okay which this is the transaction that we have created okay and ends with vn9 just a second sorry about that okay let me go to the internet banking and recheck the transaction so this is the blocks that have been created this is the transaction ID that we have so now for customers they will have a different reference number okay which is generated from the core banking related to the country and there is a sequence for each transaction so there is a new there is a unique transaction ID for each transaction okay now I am going to show you also which was the account okay let us see the account that we have debited let's see the statement that account okay let's see last twenty transactions for example versus me so this is that transaction that we have created from a man okay with 118 Jordanian dinars okay now this has to be in okay so this is the transaction it has been debited from my account and it has been created credited also to the mission okay okay thank you right it's chair this thank you very much let me let me close with this statement from ICS financial systems in fact over the years we believe in technology as a business providing avenues for revenue generation technology should support the business at better so we're driving the business by picking up the most innovative technologies its ever existed technology lower the cost of the transaction for everyone involved banks finding startups or even end customers so our final word to you it's now a good time to start with your cloud journey if you haven't started yet and always remember that the new world is moving faster than the old gods this is an inevitable evolution happening today we shouldn't get a blind eye to it we should be disruptive and use it to enhance the experience of our customers regardless of industry this is our use case thank you for being here thanks Ryan thanks to mr. I'm Alfred Dooley who gave the full support during this journey to cloud to Oracle blockchain and I'm telling you today that we are building many use cases still with a gem this is just the beginning we are not due yet so hopefully you will see and hear from us more achievements surrounding the blockchain so thank you for being here I hope you got what you wanted at the end thank you very much [Applause]