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MTech IT Placements 2013.pdf - IDRBT

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anks (online Cheque Truncation System) and<br />

attempt to provide new methods for secure<br />

communication in financial messages.<br />

We work on Biometrics to generate a new and secure<br />

user authentication method, (Palm-print<br />

Authentication) for banks.<br />

Cloud Computing<br />

Cloud computing is the use of computing resources<br />

that are delivered as a service over a network<br />

(typically the Internet). As it offers advantages like<br />

on-demand self-service, broad network access,<br />

resource pooling, rapid elasticity, etc., we are<br />

working on dynamic resource allocation strategies in<br />

order to address the various risks related to cloud<br />

data security and implementation issues to adopt<br />

cloud computing for financial sectors.<br />

Financial Network<br />

The INdian FInancial NETwork [INFINET] is the<br />

communication backbone for the Indian Banking and<br />

Financial Sector. All banks in the public sector, private<br />

sector, cooperative, etc., and the premier financial<br />

institutions in the country are the members of the<br />

INFINET. Various applications running over the<br />

INFINET network for accomplishing transactions,<br />

require some bandwidth. We are working on building<br />

a model for forecasting the network bandwidth<br />

required for these transactions.<br />

Payment System<br />

Today banks face big challenges to reduce cost of<br />

services, provide services to unbanked people, etc.<br />

Therefore, we proposed a new Payment System<br />

which would enable electronic transfer of money. In<br />

this system, we proposed to create an electronic<br />

purse for every mobile phone owner. Mobile phone<br />

owners may transfer value from their purses to other<br />

purses without the intervention of banks. The value<br />

would be held in a central server. The project is to<br />

specify the system using formal methods and prove<br />

its security features and properties. Formal methods<br />

are a means of ensuring mathematically software<br />

quality.<br />

Unique Qualities of <strong>IDRBT</strong> Students<br />

<br />

<br />

<br />

<br />

Students are GATE qualified<br />

Exposure to the banking domain<br />

Technically competent in <strong>IT</strong><br />

Managerial (and decision making) skills.<br />

M.Tech.(<strong>IT</strong>) <strong>Placements</strong> 2013<br />

12

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