CATEGORIES

Banks gearing up to buy Cyber-insurance

Recent years have seen a concerning uptick in cyber incidents against banks. In 2023, a data breach at Bank of America exposed over 57,000 customer accounts.

The Power Punch

Highly trained commandos equipped with hi-tech weapons and backed by a command-and-control center drive are used to recover valuable national assets. Ajay Bansal has seen the same approach work for recovering NPAs in different stages of stress:

Quest for Perfectionism

BFSI organizations have an ambitious goal: 100% digitalization. What will deliver this is technology and who will deliver this is IT professionals. IT professionals are on a continuous learning curve and pursuing lofty goals. Do they need the power of perfectionism? Do they have it within? Should they strive for it? 13 IT leaders from varied financial organizations reveal their experiences and thoughtful perspectives about perfectionism. All opinions expressed by the participants are their individual opinions and not necessarily those of the organizations they represent.

Quest for Perfectionism

BFSI organizations have an ambitious goal: 100% digitalization. What will deliver this is technology and who will deliver this is IT professionals. IT professionals are on a continuous learning curve and pursuing lofty goals. Do they need the power of perfectionism? Do they have it within? Should they strive for it? 13 IT leaders from varied financial organizations reveal their experiences and thoughtful perspectives about perfectionism. All opinions expressed by the participants are their individual opinions and not necessarily those of the organizations they represent.

Kamdhenu & Sammrudhi loans top rural customers

Unnayan Bharat Finance Corporation (UBFC) Director & Co-Founder Avneesh Trivedi shares the company's attempts to enhance the rural lending environment & deliver better services to its consumers:

It's going to be a 'world' of CBDCs

Practically, every central bank in the world is testing and readying a CBDC system:

Training for behavioral & social skills is key

3 CHROs from the top BFSI companies in India open up about their training and motivation programs aimed at enhancing employee effectiveness. The story is divided into 4 parts: (i) functional and behavioral training, (ii) manager to leadership training, (iii) learning-based training, (iv) motivational programs:

THE AI COMPASS

Artificial Intelligence has risen to be the hottest topic of discussion today. It is expected to impact everyone, and the impact could exceed that of war, global warming, supply chain disruptions, geopolitics, and much more.

To mentor & coach emerging leaders

Manish Shah, MD & CEO of Godrej Capital, outlines his focus areas today and in the future:

Innovation will unlock India's Mission 'Atmanirbhar’

Sunita Handa is Chairman, Toyota FSIN and Principal Advisor & TLAB Chairman, Protectt.ai Labs. She shares her current activities and her deep insights on innovaiton in an interaction with Manoj Agrawal:

Algorithm is the Boss

Irem Sayeed, Chief Credit Officer at U GRO Capital, dwells into business focus and modernization at the lender:

Fintech and Neobank under the same Umbrella

It was started in 1902 to build what came to be called Israel:

Bajaj Allianz Revolutionizes Employee's HR and IT Experience with WhatsApp, MS Teams, Al and Automation

A productivity booster shot at BALIC:

Small Beginning for a Big Opportunity

AMU Leasing's focus on serving the underserved market of individuals and fleets looking for financing for electric 3-wheelers and 2-wheelers:

NBK sparks off a digital banking wave

Kazakhstan's banks are striving to keep pace with global developments in digitization:

Banks build huge NextGen tech architecture

Bank of Maharashtra, IDFC FIRST Bank and Axis Bank are flexing technology muscle to beat the competition:

Rural India - A major source of women deposits

'The Trinity Act' is a report, authored by Dr. Soumya Kanti Ghosh, Group Chief Economic Adviser at State Bank of India. It presents an interesting analysis on women deposits:

Top 10 Emerging Technologies In BFSI

INTRODUCTION - In the past decade, the financial and banking industry has undergone significant transformation due to rapid technological evolution. The widespread adoption of the internet has propelled digitization, compelling the Banking, Financial Services & Insurance (BFSI) sector to embrace innovative technologies.

FI, Digitization, Open Banking & Human Connections - WOCCU 2023

Тhe 2023 Conference World Credit Union in Vancouver, British Columbia, saw the World Council of Credit Unions (WOCCU) discussing the potential of the credit union cooperative model to facilitate financial inclusion for marginalized communities amidst the digital revolution.

Bank of Japan conducts CBDC PoC Phase 2

The Payment and Settlement Systems Department of the Bank of Japan (BOJ) conducted its Proof of Concept (PoC) Phase 1, building an experimental environment using several design alternatives for a Central Bank Digital Currency (CBDC) ledger as the foundation of a CBDC system, to evaluate whether its basic functions could be processed appropriately.

75% of customers have embraced digital platforms

Advanced analytics, AI and ML help the Nigerian commercial bank to identify and manage risks more effectively:

Private sector banks accounted for 45% of incremental loans

The Reserve Bank of India (RBI) has publication titled 'Quarterly Basic Statistical Returns (BSR)1: Outstanding Credit of Scheduled Commercial Banks (SCBs), March 2023' on the Database on Indian Economy (DBIE) portal. The report presents data from 89 SCBS, excluding Regional Rural Banks, categorized by bank groups, population groups, and states.

Seamless & scalable tech delivers 61% rapid issuance

Kotak Mahindra Life Insurance Company has accentuated its tech bandwidth by deploying digital solutions through AI/ML, Data Analytics, Portal Framework, BPM, COTS and RPA:

Strong digital usage continues for Bank of America

Bank of America has just released its second-quarter financial report, showcasing outstanding growth and strong digital adoption across its platforms.

SBI dreams big: YONO for Every Indian

Dinesh Khara says that analytics has created significant value through income leakage recovery, risk mitigation & operational efficiency

Das launches RBI's next generation data warehouse

The Reserve Bank organized its 17th Annual Statistics Day Conference as a part of the National Statistics Day' celebrations in memory of the Late Professor Prasanta Chandra Mahalanobis, who made invaluable contributions to the Indian statistical system and economic planning.

Compliance boost with Automation, Testing & Training

Conjeevaram Baradhwaj, Executive Vice President (Legal & Compliance) & Company Secretary at Future Generali India Life Insurance, delves into compliance aspects and impacts:

Future of Credit Underwriting in MSME lending by NBFCs

Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in the Indian economy, contributing significantly to employment generation and economic growth. Access to timely and adequate credit is essential for them to sustain and expand their operations.

Kookmin Bank has a human-based AI avatar

The bank uses AI extensively and has created a virtual human to interact with its customers:

Account Aggregator: The Lynchpin of Open Banking

Tejinder Pal Singh Manchanda is the Chief Business Officer (CBO) of CAMS Financial Information Services Ltd. (CAMSfinserv). He is responsible for design and execution of the overarching business strategy of the company and has been associated with CAMS since February 2022.