Page 127 - DMGT303_BANKING_AND_INSURANCE

Banking and Insurance

Notes

Notes The Institute for Development and Research in Banking Technology (IDRBT),
Hyderabad, an autonomous centre for development and research in Banking established
by the Reserve Bank of India in 1996, aims at providing Indian Financial Network (INFINET)
as a reliable communication backbone for National Payments System catering to inter-
bank applications like RTGS, government transactions.
6.4 Delivery Notification, Message Query and Viewing Facilities

SFMS system provides for delivery notification in respect of
every user message

Inter-Bank Messages
Intra-Bank Messages

Inquiry regarding the status of a message
Query of Archived Messages
Report Generation
The following report generation facility is enabled in SFMS:

Delivery Reports

Message History
Message Traffic Report
User Profile Report
Entities in SFMS

Hub
Gateway

Branch Servers
Thin or Thick Clients
Privacy and Confidentiality

Sender encrypts the message
Receiver decrypts the message

Nobody other than the sender and receiver will be able to understand the message
Provides evidence of genuineness of the sender
Identity of the sender is established
Integrity and Non-Repudiation

Confirms that the message received is not tampered by anyone in the middle

Prevents the sender from claiming at a later date that the message was never sent by him/
her.

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