Bankers make interesting presentations at the time of annual & quarterly results for investors and analysts, which contain treasures of information. Here is an account of how leaders at some of the leading banks analyze their own IT & digital initiatives, undertaken through out the FY 2022-23.
API STACK, UPI, WEB
Yes Bank, the 6th largest private sector universal bank, has a pan-India network of 1192 branches, 150 BCBO (business correspondent banking outlets) and 1300+ ATMs across 300+ districts of India. The bank has been leveraging advanced scorecards and analytics across underwriting and engagement.
It has adopted the account aggregator ecosystem as Financial Information User (FIU) / Financial Information Provider (FIP) to capitalize on consent layer of India stack. It recorded 70% y/y growth in API banking throuput with leading market share in UPI, NEFT (Rank #1), NACH, RDA & IMPS. It registered 99.45% success rate on UPI transactions.
Prashant Kumar, MD & CEO of YES Bank, said at earnings call for Q4FY23: "We are building as new age professionally run, granular retail franchise. We are preferred banker to Digital India with best-in-class technology / API stack."
هذه القصة مأخوذة من طبعة June 2023 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 June 2023 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
Finance gears up for festivities
BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:
Non-cash transactions can touch a phenomenal level by 2028
Capgemini Research Institute’s World Payments Report 2025 highlights the era of account-to-account an instant payments:
The Confluence of Artificial Intelligence and Cybersecurity: AI as the Game Changer
In an increasingly interconnected world, safeguarding our digital assets has become paramount. Enter the dynamic duo: Cyber security and Artificial Intelligence (AI).
A new trinity in digital lending space
Three platforms in the lending space are poised to change the way lenders offer credit and borrowers access funds in India:
Finance gears up for festivities
BFSI companies are charging their online and omnichannel strategies with personalized festive deals this season:
Small MFI, International Engagements
Mitrata Inclusive Financial Services in the midst of transformation growth
MFIs: Big Impact Big Changes,
Even as MFIs are fueling economic growth for the underprivileged, what is interesting is that they are transforming themselves in areas like HR, technology, funding, leadership, collections, and more. Banking Frontiers presents the initiatives and initiatives at 9 such organizations:
Climate Risk Forum for CROS
Excerpts from a discussion on shaping the future of climate change resilience in India:
Seamless Supply Chain Finance
Deep insights emerge from this fireside chat at NBFC's Tomorrow Conclave.
Star Health sees strong demand from the IT sector
Biju Menon, Chief Business Officer at Star Health Insurance, looks at the evolution of employee health insurance from multiple perspectives: