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ADVANCING ROLE OF TELECOMMUNICATIONS IN BANKING
Role of telecommunications in banking as in other businesses nowadays is extremely important. We can even say that this field is critical success factor for the modern bank or banking system.
There are two different approaches in terms of ownership to building banking communications in the world. One approach that is chosen for example by banking system of Russia and some other former Soviet Union countries is building of private banking networks from the start. This approach has certain benefits, mainly from security prospective. On the other hand building private banking networks requires permanent and serious involvement of banks in financing, support and development of telecommunications systems. Other approach is building banking communications over existing public services in the country. Some of main benefits of this approach are relatively low level of investments in communications and possibility of sharing achievements in this field with other businesses. At the same time in the future it will be easier for central bank to minimize it's involvement is this field then in the case of private banking communication systems.
There are number of most important banking systems and services that are based on communications.
Electronic Funds Transfer System - System facilitating electronic transfer of domestic interbank and intrabank (interbranch) payment instruments.
International Financial Telecommunications - Same as EFTS but for international operations.
National Money markets and auctions - System allowing electronic trading of financial instruments and stocks within the banking system.
Centralized accounting and analysis of available reserves and government budget across country
Centralized electronic processing of personal Credit-and-Debit card operations.
The importance of fast and reliable electronic information exchange between financial institutions grows with economy of country and requires deployment of modern technologies in the banking system.
RUSSIA'S TELECOMMUNICATIONS ROADS GET WIDER, MORE EXPENSIVE
In the last days of 2000 the government approved "in principle" of a draft concept for developing the market of telecommunications services, extending till the year 2010. What are the likely implications of that decision?
Under the approved project further efforts in the telecommunications market must be geared to meet the growing demand for communications services. According to the Ministry of Communications, 54,000 communities in Russia have not a single telephone. Communications networks development has been and still is the job of traditional operators. Bills paid by retail subscribers cover a mere 77 percent of local telephone communications costs.
According to the most conservative estimates, the development of the national telephone infrastructure will require an investment of $33 billion over a period of ten years. The number of ordinary telephones will grow from 31.2 million in 2000 to 47.7 million in 2010, and of mobile telephones, from 2.9 million to 22.2 million. The army of Internet users by 2010 will go up from 2.5 million to 26.1 million.
For communications operators to be effective control will be established of the fair access of one operator to the other operator's network. No operator will be allowed to refuse access to its infrastructure to another operator. And tariffs for all market participants should be the same.
Having examined the concept the Ministry of Communication, the Ministry of Economic Development and Trade and the Anti-Monopoly Policies Ministry ordered finalizing the document within a two-month deadline and present it in one package with a plan for implementation measures to the Cabinet of Ministers. In the meantime, the Russian communications market is booming. Investments in 2000 exceeded by far those witnessed by pre-crisis 1997. National industrial operators are in the growth phase.
For the past few years the telecommunications divisions of several giants (such as the Ministry of Railways, Gazprom and others companies) have stormed the domestic market, but none has gained full access to this day. The possibility remains, though, that these companies next year may gain the status of a full-fledged operator. However, before they can count on the right to provide communications services in the domestic market, the operators of corporate telecommunications networks must settle their debts to the government, Communications Minister Leonid Reiman told Vek. He believes that these operators may settle their liabilities by transferring part of their shares to the State Property Ministry.
The Communications Ministry has conducted negotiations with the Defense Ministry on using certain frequencies for civilian purposes. Reiman said four percent of the radio frequencies were used by civil services, 20 percent, jointly by military and civil services, and the others were exempt from conversion. The Communications Ministry does not dismiss the possibility of operators' financial participation in the conversion of frequency ranges to civilian uses altogether. The issue of licenses to use vacant frequencies through contests may prove a means to raise funds for the mobile communication sector. The government has approved of issuing contested licenses for frequency ranges above 1800 MHz, and for third generation cellular systems.
Реферат опубликован: 12/03/2008