Banking Frontiers - December 2024

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This December, Banking Frontiers takes you inside the transformative world of Chief Digital Officers (CDOs) who are driving game-changing innovations across the financial services industry. Our must-read cover story highlights the Top 5 CDOs, who are redefining the digital landscape with bold strategies and ambitious goals.

But that’s just the beginning! Explore cutting-edge thought leadership articles shaping the future of banking:

- Building the Future Banking Infrastructure
- DeFi is an ‘Internet’ in the Making
- MAS: The Digital Agenda by Managing Director Mr. Chia Der Jiun
- Bridging Products & Distribution for Rural Markets
- Watch Out—People Track: Find out who is making big moves and rising to new heights in the industry.

Dive into this edition and stay ahead of the curve with the trailblazers shaping the future of banking!

Key Russian central bank official leaves

The First Deputy Governor of Bank of Russia Olga Skorobogatova is leaving the central bank in early December.

1 min

Building the Future Banking Infrastructure

The banking landscape in India is undergoing a seismic transformation. Babu Nair, Managing Director and Founder of Banking Frontiers hosted a compelling fireside conversation with Ashish Singhal, CEO of the Indian Bank Digital Infrastructure Corporation (IBDIC).

3 mins

Usha Financial: Faster, Simpler and Personalized

How is Usha Financials adapting to growth opportunities competition? CEO Geeta Goswami reveals several transformations that have happened within:

3 mins

Tailored, collateral-free 3W EV Loans

Monil Shah, Director & CBO of Manba Finance discuss the company's shift to electric 3-wheeler loans:

3 mins

Tailored and consistently supportive programs needed

Anto George T, Chief General Manager - HR & Operations at South Indian Bank, discusses the progress in mental health at corporates:

4 mins

DeFi is an 'internet' in the making

DeFi, or Decentralized Finance, has all the potential to become a disruptor, the way internet did in a short while ago:

6 mins

MAS: The Digital Agenda

At the Singapore FinTech Festival 2024, newly promoted Managing Director at the Monetary Authority of Singapore (MAS), Chia Der Jiun, reflects on the policy strategies that will guide his leadership and key priorities for the MAS on the direction of fintech, from payment systems and tokenization, AI, through to sustainable finance.

4 mins

IFC partners with Axis Bank for $500 million for blue & green finance

The International Finance Corporation (IFC) a member of the World Bank Group and the largest global development institution, is partnering with Axis Bank, one of the largest private sector banks in India, to provide a $500 million loans to help develop a blue finance market and scale up financing of green projects in India.

1 min

AML Compliance: Banks still getting penalized - Why?

As per the newspaper reports, the number of penalties imposed on financial institutions by the RBI in the last 3 years was ₹78.60 crores, i.e. an increase of 88% in this period.

3 mins

NPCI unveils brand positioning 'Always Forward' to drive digital payment progress

The National Payments Corporation of India (NPCI), the backbone of India's digital payments ecosystem, has announced the launch of its new brand positioning, 'Always Forward,' reinforcing its commitment to continuous innovation and inclusivity within India's financial and payments landscape.

1 min

Transforming Together: ESAF's Strategic Employee Integration

In a strategic move aimed at mitigating concentration risk and strengthening its micro-banking vertical, ESAF Small Finance Bank has absorbed 5200 employees from its business correspondent (BC) partner, ESAF Multi-State AgroCooperative (ESMACO).

4 mins

Finance Minister inaugurates five Nari Shakti Branches of UBI

Union Minister for Finance and Corporate Affairs course for women entrepreneurs in India by launching five exclusive Nari Shakti branches of Union Bank of India.

1 min

A New Era of Diversity

Empowering voices and elevating careers through inclusion innovation:

3 mins

Many ways to convert unsecured loans into secured loans

Catering to the unbanked or underbanked is 'bread and butter' to any NBFC. Often customers may walk into a branch or dial on the customercare expressing zero-credit history or zerocollateral.

3 mins

International Conference on Inclusive Insurance 2024

This year Nepal hosted The International Conference on Inclusive Insurance. It was held during 21-25 October 2024 at the historic Lal Durbar Convention Center at the Yak and Yeti Hotel in Kathmandu.

3 mins

UPI Switch bridges Flexibility and Scalability

Shailesh Pandey, Chief Operating Officer, Fino Payments Bank:

4 mins

New CBS bridges CX and Decision Making

K Paul Thomas is expanding ESAF Bank's footprint beyond Kerala and Tamil Nadu into new regions in the North and North East, and diversifying both product offerings and customer segments

4 mins

Data Tech bridges MSMEs and Partners

Shachindra Nath, Founder Managing Director, UGRO Capital:

4 mins

Technology bridges Partners and Rural

Dilip Modi, Founder & CEO. Spice Money:

4 mins

Digital bridges Solutions and Awareness

Shashi Kant Dahuja, Executive Director & Chief Underwriting Officer, Shriram General Insurance:

4 mins

Bridging Products & Distribution for Rural Markets

Vikas Mittal, Deputy CEO, and Amit Thapliyal, Chief Technology Officer, Magma HDI General Insurance:

4 mins

AI bridges Protection and Prevention

Gyanendra Singh, Chief Technology Officer, Aviva India:

3 mins

Tech will bridge Advisory and Education

Venkatesh Naidu, CEO, Bajaj Capital Insurance Broking:

5 mins

Digital embraces Archaeological Tourism

Chief Digital Officers are leading tremendous transformation initiatives. Five CDOs reveal their fascinating journey and their ambitious goals:

4 mins

Making of the most connected bank in Bangladesh

A stream of digital initiatives is transforming Mutual Trust Bank and its customer engagement, reveals Khalid Hossin, who heads the bank's digital banking division:

7 mins

Digitization embraces the senior citizens

Among other projects, Shriram Capital completely transformed the 2-wheeler loan origination system, reveals the company's Chief Digital Officer Ajay Thomas:

8 mins

From Feet on Street to Fingers on Screen

Nippon India Mutual Fund is driving into newer customer segments by leveraging voice and vernacular as the drivers, reveals the company's Chief Digital Officer Arpanarghya Saha:

9 mins

Ease of use, personalization & consistent engagement promotes digital loyalty

Murari Lal, Head - Digital Initiatives, Shivalik Small Finance Bank, delves into platforms, loyalty and Al:

4 mins

Better prospects for Swiss banking in 2024, says new study

The year could see revitalization of the banking to some extent, finds the study by Swiss Bankers Association:

3 mins

A pioneer in mobile banking - Vietcombank

The bank today is a major user of digital in Vietnam providing facilities for the customers:

3 mins

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Banking Frontiers Magazine Description:

Banking Frontiers is a monthly B2B magazine that covers the activities of the finance sector in India. It covers their activities in the areas of Technology, Security, HR, Marketing, Growth, Expansion, Risk Management, Compliance, Tie-ups, etc.The Banking, Financial Services and Insurance, or BFSI, sector is today the most happening sector - be it the excitement of challenging business models, or products and services or mergers and acquisitions or pure organic growth or the response to globalization.