How is storage of data done and how is its integrity ensured throughout the loan lifecycle?
Srivastava says the system has strong access controls. Data inputting is based on maker/checker concept while documents are stored in PDF format. "Access control ensures that the integrity of data is maintained all throughout the loan life cycle," he adds.
Arivazhagan too says in the HDFC system there is a very tight hierarchy-based access controls. The system is also protected through the usual firewalls and anti-virus systems. The customers are given user IDs and passwords to access the system.
"The data is basically in PDF files. However, I must say that compared to banks or mutual funds, our transactions are not huge. It could be just IS transactions at the maximum per account. Hence storage is not a major issue for us," he says.
Kalia says the system the bank has opted for uses SQL data base and security features of SQL database are used to ensure data integrity.
Union Bank of India is using a scoring system based on credit scores evolved by credit information agencies. "We also give
Srivastava says the system has strong access controls. Data inputting is based on maker/checker concept while documents are stored in PDF format. "Access control ensures that the integrity of data is maintained all throughout the loan life cycle," he adds.
Arivazhagan too says in the HDFC system there is a very tight hierarchy-based access controls. The system is also protected through the usual firewalls and anti-virus systems. The customers are given user IDs and passwords to access the system.
"The data is basically in PDF files. However, I must say that compared to banks or mutual funds, our transactions are not huge. It could be just IS transactions at the maximum per account. Hence storage is not a major issue for us," he says.
Kalia says the system the bank has opted for uses SQL data base and security features of SQL database are used to ensure data integrity.
Union Bank of India is using a scoring system based on credit scores evolved by credit information agencies. "We also give
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