A.Manimekhalai feels it has been a most rewarding experience for her to be able to extend her work and service to her fellow citizens as a banker and as a woman of India. She has always believed in sustainable growth and service with value generation for all concerned. She describes: "This powerful platform has allowed me, not only to realize my potential but also to make dreams come true for many others. We are at a crossroads today when organizations are creating designations around DEI (diversity, equality, and inclusion) and in this environment, I am proud to say that the ethos of equality, diversity and inclusion are in-built into my organization."
FIN PRODUCTS DEMAND SHIFTS
One may say that there have been some barriers like social norms, lack of financial literacy and digital literacy which prevented women from coming forward and using financial services. Post-pandemic, the financial ecosystem witnessed a cultural shift from brick & mortar banking to phygital and to fully digital banking. Now women are empowered to capture opportunities and build resilience through financial independence. In the days to come, the demand shall be beyond a mere bank account.
Manimekhalai explains: "In the last two years, the number of women entrepreneurs seeking financial assistance for business growth has increased and the same trend seems to continue going ahead. We expect to see greater demand for investment products for long-term savings, personalized products & cards, wealth management services as well as partnership with fintechs for door-to-door and end-to-end digital services."
WOMEN CUSTOMERS UP
Esta historia es de la edición March 2023 de Banking Frontiers.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición March 2023 de Banking Frontiers.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
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.