CATEGORIES

CUB introduces wearable payment device

It is a secure device with a tiny chip and antenna embedded in a keychain:

Coop Banks: Small in size, Deep in reach

Dr. Bhagwat Kishanrao Karad, Minister of State in the Ministry of Finance, Government of India, was the chief guest at FCBA 2021. Excerpts from his keynote address:

Cooperative Banks must invest in IT infrastructure

Keynote address by guest of honour at FCBA 2021. Edited excerpts:

CyberSecurity - From Big Army to Smart Army

As work expands to use all available space, security threats too expand. Nilesh Gupta, Global Practice Head - Cloud Services at 3i Infotech, reveals how banks can leverage new thinking and new technologies to safeguard themselves:

Investment bankers expect IPO momentum to continue

Financial institutions, tech companies have dominated IPO markets in CY21:

Pandemic has digitized spend management, workflow & payments

Kunal Sanghavi, Chief Financial Officer, HDFC Securities talks about changing costs during pandemic & adoption of latest technology for simplification of customer process:

Khan Bank - from the verge of closure to Mongolia's top bank

Khan Bank was at one point of time facing virtual closure but by adopting strategic measures, including induction of technology it has now become the No 1 bank in Mongolia:

NABARD setting up datawarehouse to find solutions

Keynote address by Chief Guest Shaji K. V., Deputy Managing Director, NABARD at FCBA 2021. Edited excerpts:

NBFCs Drive Digital Transformation On Multiple Fronts

A deep dive into how NBFCs are riding the storm and emerging stronger :

Covid Impacts Job Satisfaction, But Not Attrition

Praveen Menon, Chief People Officer at IndiaFirst Life Insurance Company updates about changing employee expectations & job satisfaction scenario at his organization

ICICI Bank, Axis Bank thrive on API, UPI, Platforms

While Bharat Bank unit of Axis Bank will offer tailored rural products with increased physical & digital reach over the next 3 years, ICICI Bank has created 19 industry specific stacks to provide digital solutions to corporate clients:

Moving swiftly to adopt technology and expand services

Telangana based co-operative bank is planning to increase its average digital transaction count to 0.2 million by end of 31st March 2024:

PACS will be integrated with the CBS of DCCBs

NABARD has earmarked `50 billion for enabling PACS to be a key player in the agri-value chain by turning them into multi service centers:

How Turtlemint sells 10,000 insurance policies every day

The platform provides advisors with digital tools enabling them to sell multiple insurance products of different companies through one

Logic & Emotion direct CX Improvements

Nilesh Parmar, Chief Operating Officer, Future Generali India Life Insurance shares the importance of logical & emotional aspects in customer experience design:

LDP identifies & grooms future leaders at Indian Bank

Indian Bank commemorated its 115th foundation day on August 15, 2021. The bank has a staff of 24,821 officers, 12,995 clerks, 2769 sub-staff and 311 full time sweepers, totaling to 40,896 staff, as of Q1 FY 22. Females comprise 28% of the staff. Shanti Lal Jain assumed charge as MD & CEO of Indian Bank on 1st September 2021. He is supported by 3 executive directors - Shenoy Vishwanath V., Imran Amin Siddiqui and Ashwani Kumar.

ADB lends for vaccines, health care in India

The Asian Development Bank (ADB) has been proactively increasing its engagement with India. A number of approval and agreement has come India’s way in recent months.

A platform for fixed income investment options

Bondskart.com is a fully customized platform offers functional efficiency and is available in web and on mobile app:

Mental Health & D&I: Both Problems Have Similar Solutions

The pandemic has created heightened awareness about mental health issues, while Diversity & Inclusion (D&I) issues have been steadily becoming more visible. While the problems are distinct, there is a lot in common among the solutions:

Bandhan Bank: Building a robust, granular liabilities franchise

On the occasion of its 6th Foundation Day celebrated on 23rd August, Chandra Shekhar Ghosh analyses the bank’s achievements and explains how it has earned the trust and confidence of 23 million Indians:

A platform to buy and sell anything seamlessly

BNP Paribas has a unique platform, Cortex Life, that allows traders to sell or buy everything from bullion to currencies and also do trading in currencies or commodities:

Fikar Not Says Fino's Brand Ambassador

Anand Bhatia, CMO, Fino Payments Bank shares details of the journey to appointing a brand ambassador for the bank and planning the creative and media:

Covid boosts top-up loans & balance transfers

Arvind Hali, MD & CEO, Motilal Oswal Home Finance reveals how the pandemic is affecting business and how the company is responding:

Boosting organizational and systemic resilience

Mahesh Kumar Jain, Deputy Governor, Reserve Bank of India, gave a speech titled ‘Building a More Resilient Financial System in India through Governance Improvements’ on June 18, 2021 at the India international Centre, New Delhi. Edited excerpts:

South Africa enhances safety, efficiency & access

In March 2018, the South African Reserve Bank (SARB) published the National Payment System Framework and Strategy – Vision 2025, with the overarching vision to enhance the safety, efficiency and accessibility of the national payment system in a manner that promotes competition and minimises risk to the payments ecosystem by leveraging technological developments to extend the availability of digital payments to all sectors of society while meeting domestic, regional and international requirements for the benefit of all members of South African society. Vision 2025 comprises 9 goals.

BFSI SECTOR TURNS Green

The BFSI sector is keenly adopting green policies, practices and technologies with the aim of being more sustainable and protecting the environment:

Model Insured Villages to Boost Rural Penetration

Neeraj Prakash, Managing Director, Shriram General Insurance shares the company’s strategies to tap rural markets and leverage new technologies:

Virtual surveys hasten loss assessment

Ravichandran N., CTO, at Kotak Mahindra General Insurance explains how the insurer will be leveraging advanced modelling tools in response to heatwaves and flooding:

How WFH Challenge Driving Family Focus!

While many felt the ‘work-from-home’ norm could be beneficial in terms of time and effort, it is actually taking a toll on the mental health of several people who find loneliness, lack of social interactions and pressures at home front impacting their wellbeing. Corporates are actively putting solutions in place:

Aggressive on Digital, Conservative on Social

Abhinav Angirish points out that his clients can also transact through WhatsApp or email by a simple approval system