Digitization embraces the senior citizens
Banking Frontiers|December 2024
Among other projects, Shriram Capital completely transformed the 2-wheeler loan origination system, reveals the company's Chief Digital Officer Ajay Thomas:
Digitization embraces the senior citizens

Smriti Pandey: Since when are you a Chief Digital Officer?

Ajay Thomas: I took on the role of Chief Digital Officer at Shriram Capital in November 2021, with the mission of leading digital transformation initiatives across the Shriram Group.

With over 20 years of expertise in digital transformation, product and process management, and business development, I focus on creating digital assets that leverage data to enhance consumer experiences. This includes optimizing our websites and Super App, as well as driving innovations in sectors such as lending, insurance, investments, and payments.

Briefly describe your first major project as CDO?

The first significant project I undertook was the 'Shriram One Super App. Upon joining as Chief Digital Officer, my primary focus was on the digital transformation of Shriram Finance's services, which included the development and implementation of this all-in-one Super App.

During the fiscal year 2023-24, we launched the Shriram One app, fundamentally changing how users manage their financial activities.

Designed as a comprehensive solution for our customers' financial needs, the app consolidates services such as loans, payments, investments, insurance, and credit score checks. This integration minimizes the necessity for multiple app downloads, aiming to centralize everything from social networking to shopping and banking services - into one platform. The Shriram One App was recognized as the best product, receiving numerous accolades, including the 'Best Mobile App' award from Banking Frontiers and the 'Best Digital Transformation Initiative' award from BFSI in 2024.

Briefly describe one experimental/ innovative project that you have recently completed or are in the process of completing, that is associated with a new technology or new financial products. What is its expected impact?

هذه القصة مأخوذة من طبعة December 2024 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.

هذه القصة مأخوذة من طبعة December 2024 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.

المزيد من القصص من BANKING FRONTIERS مشاهدة الكل
Key Russian central bank official leaves
Banking Frontiers

Key Russian central bank official leaves

The First Deputy Governor of Bank of Russia Olga Skorobogatova is leaving the central bank in early December.

time-read
1 min  |
December 2024
Better prospects for Swiss banking in 2024, says new study
Banking Frontiers

Better prospects for Swiss banking in 2024, says new study

The year could see revitalization of the banking to some extent, finds the study by Swiss Bankers Association:

time-read
3 mins  |
December 2024
Ease of use, personalization & consistent engagement promotes digital loyalty
Banking Frontiers

Ease of use, personalization & consistent engagement promotes digital loyalty

Murari Lal, Head - Digital Initiatives, Shivalik Small Finance Bank, delves into platforms, loyalty and Al:

time-read
4 mins  |
December 2024
From Feet on Street to Fingers on Screen
Banking Frontiers

From Feet on Street to Fingers on Screen

Nippon India Mutual Fund is driving into newer customer segments by leveraging voice and vernacular as the drivers, reveals the company's Chief Digital Officer Arpanarghya Saha:

time-read
9 mins  |
December 2024
Digitization embraces the senior citizens
Banking Frontiers

Digitization embraces the senior citizens

Among other projects, Shriram Capital completely transformed the 2-wheeler loan origination system, reveals the company's Chief Digital Officer Ajay Thomas:

time-read
8 mins  |
December 2024
Making of the most connected bank in Bangladesh
Banking Frontiers

Making of the most connected bank in Bangladesh

A stream of digital initiatives is transforming Mutual Trust Bank and its customer engagement, reveals Khalid Hossin, who heads the bank's digital banking division:

time-read
7 mins  |
December 2024
Digital embraces Archaeological Tourism
Banking Frontiers

Digital embraces Archaeological Tourism

Chief Digital Officers are leading tremendous transformation initiatives. Five CDOs reveal their fascinating journey and their ambitious goals:

time-read
4 mins  |
December 2024
Tech will bridge Advisory and Education
Banking Frontiers

Tech will bridge Advisory and Education

Venkatesh Naidu, CEO, Bajaj Capital Insurance Broking:

time-read
5 mins  |
December 2024
AI bridges Protection and Prevention
Banking Frontiers

AI bridges Protection and Prevention

Gyanendra Singh, Chief Technology Officer, Aviva India:

time-read
3 mins  |
December 2024
Bridging Products & Distribution for Rural Markets
Banking Frontiers

Bridging Products & Distribution for Rural Markets

Vikas Mittal, Deputy CEO, and Amit Thapliyal, Chief Technology Officer, Magma HDI General Insurance:

time-read
4 mins  |
December 2024