6 BFSI CEOs discuss the current scenario, technology adoption & digital transformation strategies at Finnoviti Conference 2021:
Rajeev Yadav, CEO, Fincare Small Finance Bank
Covid has significantly changed the directions of the digital transformation. Digital has become the way of doing business, not just for the institution, but for the customers and the ecosystem around us. Fincare Small Finance Bank is a technology-driven bank and our focus is on rural banking. Our employees were using digital tools to do all the activities in the field with the customers using business solutions, but they were employee-laid models, which was a challenge for us. But nowadays, due to the rise in the smartphone adoption in the urban areas, customers are comfortable in using mobile application and they are able to do active transactions using mobile banking software, loan origination software, account opening software. So, fundamentally there is a huge journey to cover in digital for the future.
One of the best outcomes for our businesses is digital because we do not deal with physical assets. If we digitize the way we work, then fundamentally whole models can be changed. Smartphones are the oxygen for the business; it has helped in knowledge transfer and understanding of the technology.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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:
