C Forum 2014 – ‘BIT COINS’
Future of Banking & Finance - Technology Perspective
Daya Hettiarachchi
Chairman/CEO
Our Gratitude!
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Our humble Beginning in 1991
We were in a Journey of Quality
Without sacrificing Time & Cost
The Triple constraints of SOFTWARE!
Systems Management with Open Architecture
Innovative solutions for Banking & Finance,
Security Markets & ERP domains
• OpenArc School - Education is not-for-profit
• Thank you very much for being with us
‘BIT COINS’
• Bitcoins redefined !
Banking with Innovative Technologies - Currencies
of Invisible Nano Space
• Crypto Currencies – Talk of Cash less world
• Need to explore Bit Coins?
•Bitcoin wallet
•Coinbase.com
•Localbitcions.com
•Bitcoinmining.com
• Go to Virwox – Virtual World Exchange : USD ↔ BTC
‘BIT COINS’ – know more about it
How To Buy-Get Your First Bitcoins.mp4
What is a BitCoin Explained - Tech Tips.mp4
BIT COINS - CEO Presentation 2014\Bitcoin- All the Facts.mp4
BIT COINS - CEO Presentation 2014\What is Bitcoin Mining.mp4
BIT COINS - CEO Presentation 2014\What is Bitcoin.mp4
Why Mining Understanding Why Bitcoiners Mine is
Fundamental.mp4
‘BIT COINS’ Web Links
About Crypto currency
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http://en.wikipedia.org/wiki/Cryptocurrency
History of Bitcoin
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http://en.wikipedia.org/wiki/History_of_Bitcoin
About Bitcoin
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http://bitcoin.org
Other Info
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http://www.theguardian.com/technology/2013/apr/07/bitcoin-scares-banksgovernments
http://www.bankrate.com/financing/banking/what-does-bitcoin-mean-for-banks/
http://moneymorning.com/2013/12/20/impact-bitcoin-u-s-dollar/
http://www.coindesk.com/warren-buffett-investors-stay-away-bitcoin/
‘BIT COINS’
• Where are we heading?
• Good & Bad of Bitcoins
• Banks’ future in a Cashless digital currency
world?
• Cannot be traced – can be used for illegal
transactions
• Need to be watchful & redefine our banking &
finance strategies for the future
Banking in Sri Lanka
• When are we going to stop cheque writing?
• When can we make online recoveries of dues
from client accounts – any bank, any account?
• Mobile banking – with multiple banks
On Internet - Yes
On Mobile Phone - No
• Mobile Payments
Telco Lead model - Yes
Bank Lead model - No
• Transaction Cost?
• Technology infrastructure of LankaClear
Your Future Customer
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Need convenience
Need better systems
Don’t want to waste time
Mobile banking with one PIN – customer
definable
Multiple Banks, Multiple Account types
Anywhere, Anytime banking
Any mobile phone
Shift from seller’s market to buyers market!
Are we ready to face the challenge?
Constraints
• Financial Institutions - are they strictly following the
regulations?
• Suggest - Industry Regulation through software
companies
• Need relationship between regulators & software
suppliers
• Need relationship between Infrastructure providers &
software solution providers
• Suggest - PPP
• Not enough data for customer screening & credit
control – Not using credit bureaus
OpenArc Solutions
SkySwitch – ISO 85/83 connectivity tool for
SkyPay
– Mobile & Internet payment platform
– A bank lead model
SkyTeller – ATM solution to all finance companies
SkyWallet
Unbanked customers mobile solution that can be
linked to SkySave savings system
SkyBank
Truly integrated Core Banking initiative from Sri Lanka
SkyMessenger – instant alert engine
OpenArc Solutions – Stock Market
UniSETS
Unified platform for Securities Trading
UniIPO
An Internet platform for IPO management
Linked to SkyPay online payment system
First time in Sri Lanka
OpenArc IPO on Internet
OpenArc – Road Map
SkyBank
A complete, Integrated Core banking
solution from Sri Lanka to global markets
UniSETS
A complete integrated solution for Stock
markets
MyERP
Open Source ERP for multiple virtual industries
Ex : My School / MyHotel
Software based future diversification
Thank you !
For being with OpenArc - a truly Sri Lankan
software company.
We need your much valued partnership &
support in this journey of promoting high quality
Sri Lankan software for the global markets
Local First – Global Next!