Girish Bajaj, Blockchain Evangelist
I have seen tremendous improvements in the use of blockchain technology in India, particularly in the BFSI and other sectors. NITI Aayog has done a wonderful job and done several case studies in the fertilizer and healthcare industry. It has done POCs and pilot projects on the blockchain. Further, they are moving in to live projects in the next few months. In 2016, ICICI Bank did its first blockchain transaction and in 2018 HSBC did it's for Reliance Industries.
Indian banks are moving forward in the adoption of blockchain. Startups are vibrant and have given very revolutionary ideas on the use of blockchain. There are plenty of opportunities for blockchain because it is transparent, corruption-free, cost-effective, and operationally efficient. Blockchain will eliminate corruption completely and with required data to store, you can control what you want to release. Currently, the Telangana government has incorporated blockchain for land record registries. There are POC and live projects going on in the other Indian states.
The ROI for the blockchain technology is good in India. About 2-3 years ago, it was expensive to use blockchain. It is important to understand which sector you are in and what blockchain will suit your requirements, then move towards your aim and mission. The cost of blockchain technology will come down in 2- 3 years and banks, enterprises, and even end-users will demand blockchain. As a service, it is available from Amazon and Google. Blockchain helps to avoid security leaks, in terms of controlling what data can be seen by the stakeholders and which can be controlled.
Vikram Pandya, Director Fintech at SP Jain Global:
هذه القصة مأخوذة من طبعة August 2020 من Banking Frontiers.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 2020 من Banking Frontiers.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
It's a bank and a brokerage - FinecoBank
FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:
A model for cloud adoption - Zurich Cantonal Bank
The bank is had opted for cloud to offer better service to its customers:
RBI Governor urges NBFCs to adhere to fair practices code
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
Automated, Adaptive, Al-enabled Architecture is a must
Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:
Fraudsters too gain ground as real-time payment systems grow
There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.
Fino sparkles with technology & brand upshift
Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.
Savington Upshifts: 48% Faster, Churn down 31%
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.
Zoroastrian Bank: Multiple awards for being the Best
Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.
