Ravi Lalwani: Which are the booming sectors for transaction banking in India? How have things changed in the last 3-4 years?
Rupa Balsekar: BNP Paribas has a deeprooted expertise in the Indian market and we have been engaged with corporate clients across multiple sectors in India like oil & gas, IT, technology, automobiles, auto ancillaries, FMCG, media and advertising, chemicals and fertilizers, to name a few. We are witnessing growth momentum in IT, media & advertising and consumption driven sectors with companies moving rapidly to transform their treasuries to adapt to the digital era. Sectors like auto have been facing some headwinds in the last few years, but our clients continue to do well and we are able to concentrate on giving transformational solutions to them.
How is Indian market for transaction banking different from other leading markets around the world?
The Indian market has its own nuances and characteristics that makes it unique for transaction banking. While it was predominantly document heavy with cross border transactions requiring a certain level of documentation and checks, we are getting positively impacted with the forward looking initiatives of the RBI like Import Data Processing and Monitoring System (IDPMS), Export Data Processing and Monitoring System (EDPMS) and the digital payment impetus through channels like UPI, IMPS and e-NACH. We believe that payment systems in India are one of the most advanced in the world.
Denne historien er fra March 2020-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra March 2020-utgaven av Banking Frontiers.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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.
