BLOCKCHAIN - Reinventing Banking

Indian banks are readying to adopt blockchain, which in its matured format, is expected to change the face of banking:

CIOs should focus to align innovative tech services with Business Strategy

Arti Dhole, CIO at Cosmos Bank, explains the emerging IT needs and scenario for cooperative banks and suggests ways and means for CIOs to navigate the organizations successfully in the future:

Experience Next - towards next level of Cooperative Banking

The brick and mortar model system in our banking would remain for years to come because we have a population which is rural and which is dependent on the agriculture sector, feels Pramod Karnad, former MD, Maharashtra State Cooperative Bank.

Digital Transformation is a journey for Banks

Frontiers in Cooperative Banking Awards (FCBA) is a flagship event organized by Banking Frontiers where achievements and contributions of cooperative banks in the country are recognized and rewarded. Alongside the event is the National Cooperative Banking Summit (NCBS), where experts in the cooperative banking sector review and discuss the state of cooperative banking in the country. FCBA 2019 and NCBS 2019 were held in Goa and leading cooperative bankers participated in the deliberations on topics like business, strategy, technology, risk, customer experience, HR, etc. Here are the highlights of the discussions:

Fintechs power Digital Transformation in banking sector

In the cooperative banking ecosystem, District Central Cooperative Banks, or DCCBs, should be focusing on the unbanked areas and on increasing banking penetration, said Pranav Pandya, AGM - IT, Surat District Central Cooperative Bank.

Make performance of PACS the topmost criterion for DCCBs & SCBs

Hanumanthagowda Krishnegowda Patil - popularly called H.K. Patil - is an acknowledged leader of the cooperative banking movement in India. The apex cooperative banking organization, NAFCUB, has for the first time created a position, ‘Chairman Emeritus’, specifically for him in recognition of his contributions to the cooperative banking sector. He is also a former minister and an MLA from Karnataka. Patil responds to a series of questions from Banking Frontiers:

A Business Roadmap for Cooperative Banks in the Economic & Regulatory Scenario

As India strides to ensure a robust banking system as evident with the consolidation of various state-run banks, there is also a need for regulatory course correction.

Open Banking Yet To Take Off Fully In China

While China has achieved high levels of digitization of its banking sector, open banking is still in its infancy:

Goa Leans On Banks For Growth And Development

Banks in Goa have been performing well, reaching out to the masses and offering timely assistance:

France, Known For Simple Mortgage Loans

France has simple mortgage loans, lower interest rates and easier terms of repayment:

NPAs Not To Escalate Further, Private Banks Likely To Lead Going Ahead

Siddharth Purohit, research analyst, Institutional Equities, SMC Global Securities, and Ravikant Bhat, research analyst, IndiaNivesh Securities, discuss the post-PSU banks merger scenario in terms of credit growth prospects of banks:

Fingrowth Bank Sets Ambitious Business Growth Plans

Ashok Kumar Shah, MD, Fingrowth Cooperative Bank, explains how the multi- state bank has been achieving growth over the years and how it proposes to continue:

ESAF Launches ‘EIDA' For Its CASA Customers

K Paul Thomas, MD and CEO, ESAF Small Finance Bank, shares details about CASA growth and expansion plans:

A Dawn Of Hope For MSMEs

The Story of Indian MSMEs: Despair to Dawn of Hope is an impassionate account of the journey of the Micro, Small and Medium Enterprises (MSME) sector in India, narrated by a distinguished banker and economist, who has special interest in the sector.

AI's Role In HR Just Short Of Decision-Making

AI is gaining an all-pervading role. HR functions are increasingly carried out using AI and the whole concept is getting perfected:

Singapore Way Ahead in Blockchain Usage

Singapore has seen unprecedented growth of blockchain use, thanks to its government and regulators:

GTA Aims For 100 Good Startups In Goa Over 4 Years

Goa Technology Association has ambitious plans and a concomitant roadmap: Goa richer by Billions of ₹ through Vibrant event

Aviva Life Insurance Strives To Make A Difference In Claims Settlement

Amit Malik, chief people, operations & customer services officer at Aviva Life Insurance Company, discusses the company efforts to make its customers feel unique:

SBI Card: Big Push To Acquire Millennial Customers

Customer base crosses 9 mn, grows faster than industry. Hardayal Prasad, MD and CEO of SBI Card, outlines the growth potential:

Insurers Wary Of Emerging Risk Scenario

The risk perspective of insurance companies is changing, and these companies have to be agile in order to be able to ward off threats that digitization has brought in:

The Domino Effect of Fraud

Satish Marathe is director at Reserve Bank of India, founder and patron of Sahakar Bharti and former CEO of two banks. He shares insights about the banking fraud scenario and recommends solutions:

Sibos 2019 @ London: Unique in many ways

The week-long Sibos 2019 at ExCeL in London has been a memorable event in many ways. Some of the highlights of the technology conference:

Tipping Point - When Simplicity Is Not Enough In A Fraud System

For at least the last three decades, fraud monitoring of transactions and portfolios has been a cornerstone of protecting the brand, be it for scheme, bank or consumer reputation.

Switzerland Maintains No 1 Position

A number of factors contribute to Switzerland becoming the fertile ground for adoption of blockchain technology:

PSBs Start Bottom-up Self-Assessment & Deliberation

Public sector banks held a consultative process recently to frame a strategy for better performance:

Islamic Banking Leads Home Loan Segment

Islamic mortgage loans are gaining popularity in Malaysia

ESAF Small Finance Bankfighting Partiality Of Prosperity

Even when it became a banking institution, the operations are focused on rural India and women:

Digital Transformation Needs A Future-Ready HR

I have recently started keeping track on the number of mailers I receive on the new HR start-up technology companies that keep connecting with you over email, LinkedIn and even Facebook.

DAT Propels HR Transformation

Data, Automation and Talent are the most common drivers for HR transformation in NBFCs. Five HR professionls from NBFCs explain the thrust HR is getting in the age of the millennials:

Aiming To Build A Bank For Tomorrow's Customers

Face recognition on mobile app is an indicator