CATEGORIES

EC tests the prowess of DLT through a sandbox

The European Blockchain Regulatory Sandbox is helping regulators to understand the benefits of blockchain in financial services domain:

GDPR vs DPDP & what it means to BFSI

The recently enacted Digital Personal Data Protection Act, 2023, of India, has cast itself as a game-changing framework for addressing the privacy and data protection needs of a rapidly digitizing nation.

Insurance, investments & financial planning for women to rise

What percentage of your customers are women? What percentage of your overall business comes from women customers? How have both these figures changed over the last few years?

AIMING WITH AI

An organization can have multiple goals with Al. We have selected 3 key goals Front Office, Back Office and Strategic Decisions. Six CIOs/CTOS/ CDOs from India, Sri Lanka, Uganda, Nigeria and Ecuador share their perspectives on these 3 goals and on skills, consultants and partners:

SBI launches Har Ghar Lakhpati & SBI Patrons deposit schemes

The State Bank of India (SBI), the two new deposit schemes-Har Ghar Lakhpati and SBI Patrons-designed to offer customers greater financial flexibility and value.

L&T Finance collaborates with Amazon Finance India for innovative credit solutions

L&T Finance (LTF) has entered into a multi-year strategic partnership with Amazon Finance India to co-develop cuttingedge credit solutions designed to enhance affordability for eligible Amazon customers and merchants.

Pay Later extended to stocks

Paytm Money has launched the 'Pay Later' margin Pay trading facility, allowing investors to buy and invest in stocks by paying just a fraction of the total value upfront.

30% for EV, 30% for Solar

ADB has invested US$25 million in Vivriti Capital's first climate bond for renewable energy and EV infrastructure. Smitha Jain Arora, Head Sustainability & Impact, lays the road ahead:

Professional competencies must complement AI

Anooshka Soham Bathwal, CEO & Founder of Dhanvesttor, navigates the challenges of costs and skills shortages along with the opportunities of AI and innovation:

RBI issues stringent guidelines to combat mobile number fraud in digital transactions

The widespread adoption of digital transactions, while providing unparalleled convenience and efficiency, has also led to an increase in fraudulent activities, raising serious concerns that require collective action.

From chatbots to virtual agents

Chatbots and virtual assistants in banks are transforming to assume the role of virtual agents:

Action Over Ideas: Leadership Lessons from My Journey

Throughout my professional journey from my early days at Allahabad Bank to Punjab National Bank and now in a leadership role as Chief Technology Officer & Chief Digital Officer at Union Bank of India - I have realized that success is not driven by ideas alone but by the ability to take decisive action.

Protectors and their Practices

Ravi Lalwani: Given the massive shift towards mobile banking what kinds of cyber frauds have increased the most?

Excelling by partnering with Fenergo, SBS, Aurai, Avanade & others

The Netherlands-based NIBC Bank defines itself as an entrepreneurial asset financier for companies and individuals, having funded private housing ventures, rental property, commercial real estate, infrastructure and cars and claims it makes a difference for its clients through long-term relationships based on knowledge and expertise.

Drive by Connectivity, Automation & Analytics: SEB

Skandinaviska Enskilda Banken, or SEB, promotes digitization as much as it operates as an established bank:

Afterhour Passions

Professional success is often shaped by what a person does afterhours. Let us look at a few such people and what hobbies recharge their body, mind and spirit:

A colossal rise in agri credit

A study by 3 academics on the impact of bank credit for agricultural sector reveals very encouraging trend:

The Future of Cybersecurity: Balancing AI & Human Expertise

There is no denying the fact that the continued evolution in AI will redraw the landscape of cybersecurity. In this respect, the future of digital defences rest on how effectively AI capabilities are balanced with human expertise.

REINFORCING BRAND COOPERATIVE

Banking Frontiers organized its annual Frontiers in Cooperative Banking Awards and Conference in Lucknow in October where stalwarts from the sector shared insights into progress achieved and gave guidance on the road ahead.

Magma HDI & Mahindra Finance collaborate to expand insurance access nationwide

Mahindra Finance, a leading player in India's non-banking financial services sector, has forged a strategic partnership with Magma HDI General Insurance Company to deliver customized general insurance solutions to its extensive customer base.

AI for underwriting, personalization, claims & more

Sunil Jain, Chief Digital Technology Officer, Pramerica Life Insurance:

IoT & Chatbots - a rich data trove

Aditya Mall, Appointed Actuary at Future Generali India Life Insurance reveals new opportunities in insurance and the enablers:

Marching hand-in-hand: Innovation & Automation

In the January 2024 issue of Banking Frontiers, Gyanendra Singh, CTO of Aviva India, had shared about how the company excels at RPA through governancebased implementation and pragmatic vendor selection. He shares more initiatives since then:

India Insurance: Review 2024, Outlook 2025

The insurance sector in India underwent substantial changes in 2024 as a result of comprehensive regulatory changes. These initiatives are laying the foundation for a cleaner, more transparent industry with affordable products that ultimately benefit the end policyholders.

India fintech sector sees substantial growth

The fintech sector of India has seen Subftantia en 3 of 2024, securing US$778 million in funding - a 66% increase compared to Q3 2023 (US$471 million) and a 165% surge from Q2 2024.

LenDenClub: Innovation Navigates, Tech Accelerates

Bhavin Patel is skillfully leading LenDenClub to tap the growing credit opportunities across India and Bharat:

5 solutions for financing sustainable agriculture

Sustainable agricultural practices may not be possible without accessible, affordable financing, says RBI Deputy Governor:

Thriving on Technology & Talent

Girish Kousgi, MD & CEO, PNB Housing Finance and Kalpesh Dave, CEO, Star Housing Finance reveal achievements in growth, expansion, funding, digitization and talent:

Securities Sandbox - a first from UK regulators

The Digital Securities Sandbox, set up by Bank of England and Financial Conduct Authority of the UK, can be a gamechanger in the securities market domain:

Federal Bank Boosts its Commercial Rooftop Solar Financing for MSMEs in association with Ecofy

Federal Bank, one of India's leading private sector Bank has announced a partnership with Ecofy, India's first greenonly NBFC, backed by Eversource Capital, to offer innovative financing solutions for MSMEs investing in commercial rooftop solar installations.