Bankers make interesting presentations at the time of annual B and analysts, which contain treasures of information. Here is an account of how leaders at some of the leading banks analyze their own IT & digital initiatives, undertaken throughout FY 2022-23.
TECH PLANS BANKS ASPIRE
Asheesh Pandey, Executive Director, Bank of Maharashtra, briefed at the annual earnings conference call about the technological and the digital initiatives, which bank is aspiring and the areas which it wants to cover. Bank of Maharashtra is working upon the 3 important pillars. One is digital operations, which means whatever banking operations it is doing, making it increasingly technology based. Second is what sort of operations can be converted to digital journeys. The bank has also taken a decision that each month, there will be a digital launch day. The third pillar is digital compliance. When it becomes a legacy, it takes a lot of time and the resources and so the bank is thinking to imbibe all those compliances within the journey itself.
Asheesh updates: "We are banking upon the artificial intelligence that we are on the verge of finalizing, so that we will be directly taking up the robotic process automation. We have already started deploying. We have almost concluded 10 processes and we had the 62 approvals. We have already identified around 100. Next is machine learning, which is analytics or deep learning. It is in place with the analytics team in the bank, which we are using for our soft collections, also for the upsell, cross sell and also some of the areas where we have to strengthen or to understand where our stress book will be. The 4th is our website."
Denne historien er fra September 2023-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 September 2023-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
Swedbank leverages data to the hilt
Sweden's Swedbank takes innovation to a different level by collaborating with other competing banks:
Digitization is for customer satisfaction, says Argenta Bank
Belgium's Argenta Bank has designed its digitization efforts to enhance customer experience:
Speed, Safety, Compliance
Brijesh Samantaray, Co-founder, Propelld shares the current trends in the education loans how the company is leveraging technology:
Unique methods in fraud perpetration
When we look at some of the very serious frauds that had taken place in the financial realm, it is evident that the perpetrators are somewhat ingenious:
NBFCs: Elevating Organizational IQ
What is more important than hiring smart people is raising organizational IQ. This topic was discussed in depth in a panel discussion at NBFC's Tomorrow conclave organized by Banking Frontiers. Edited excerpts:
Trustful Transformation
Transformation is no longer only about growth & efficiency. It involves aspects like compliance, security and explainability that are impacting NBFCs. These issues are explored in this panel at NBFC's Tomorrow:
CEO Panel: Connecting Traditional Wisdom with Modern Intelligence
Banking Frontiers organized its annual NBFC Conclave titled NBFC's Tomorrow in August 2024 at Mumbai. Highlights of the first panel discussion:
NBFCs EXPERIENTIAL EVOLUTION, TRUSTWORTHY TRANSFORMATION
Banking Frontiers organized NBFC's Tomorrow, its annual NBFC Conclave, in Mumbai on August 21. The program comprised panel discussions on 5 upcoming opportunities for the NBFC sector, along with presentations, fireside chats and a keynote address. Edited excerpts from the conclave:
Smart ATMs - an indication of a resurgence
Smart ATMs can be the future way of how one may be interacting with a bank and doing transactions:
Personalization scores with HNWI & YP
Ghulam Haidar Rasooli, Chief Financial Officer at Afghanistan based Ghazanfar Bank, reveals the impact of personalization and future roadmap: