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The future of the Indian banking sector is based on developing trust, leveraging technologies like artificial intelligence and fostering innovation. Our recently launched report 'Shifting Horizons: Banking readiness for 2030', which was launched at the Indian Banking Association’s 19th Banking Technology Conclave, outlines the growth drivers of the banking sector and discusses the themes which are driving digitisation and innovation in the financial services sector. https://bit.ly/49bMVey Gayathri Parthasarathy | Siddharth Vishwanath | Rajdeep Saha | Anit Shanker | Sumukh Koshe #FinancialServices #Transformation

The Session on, "From Brick and Mortar to Digital Dominance: The Transformation of India's Banking Giants", conducted at Bharat Fintech Summit 2024, explored the digital transformation journey of India's leading banks. Ramesh Lakshminarayanan, CIO Group Head IT at HDFC Bank, presented the bank's perspective on navigating this digital revolution. Key takeaways In today's digital landscape, prioritizing a data-driven approach within a microservices-based core is crucial for organizations across industries. Open banking initiatives and the establishment of an API Factory streamline service delivery, fostering interoperability and efficiency. Cloud adoption is essential for agility and scalability, while robust security practices are imperative for safeguarding sensitive data. Together, these elements form the foundation of a modern digital strategy, enabling businesses to adapt and thrive in a rapidly evolving environment. Summary The session emphasized the critical role of digital technologies in transforming banking operations and customer experiences. HDFC Bank presented its ongoing efforts to leverage advancements in artificial intelligence (AI), cloud computing, and open banking to achieve digital dominance. Watch the insightful session here: https://lnkd.in/dANmrfkA #DigitalTransformation #Banking #Fintech #OpenBanking #CloudComputing #AI #HDFCBank #BharatFintechSummit2024

Learn about the pivotal role of banks and fintechs in shaping the UK's payment landscape and the significance of collaboration for a resilient payment infrastructure. Dive into Srideep Mitra's article for deeper insights on where UK payments are heading in the next decade. Explore more here: https://okt.to/lcMtak #FinastraPayments

#NewIndia has the highest #fintech adoption rate globally at 87% - driven by factors like increased adoption of mobile banking, rising financial awareness, focus on #financialinclusion and a thriving digital economy.💵💰🏦 Explore more at: http://bit.ly/fintech_02 #InvestInIndia #InvestIndia #Fintech #DigitalPayments #Technology #DigitalIndia NITI Aayog Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry, Government of India

𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗖𝗹𝗼𝘂𝗱 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 🚀 Discover how Thought Machine's Vault Core platform is revolutionizing banking with its cloud-native capabilities. Offering unmatched flexibility, innovation, and cost efficiency, this platform ensures seamless digital transformation and superior customer experiences, catering to both global and Indian markets. 🔗 Dive deeper into this transformation and stay ahead in the financial sector. Subscribe to the IBSi India Journal for more cutting-edge updates and expert insights: bit.ly/3RgyRcw #Banking #CloudTechnology #DigitalTransformation #IBSiIndia #Indiafintechjournal Robin Amlôt | Amit Jain | Ojas Kulkarni | Nikhil Gokhale | Puja Sharma | Paul Taylor

Embracing the digital wave in Filipino banking with Grover Consult! 🚀🇵🇭 Exciting times as AI transforms the landscape, and Grover Consult is at the forefront, bringing next-gen technology to redefine how leading banks operate. 🌐💼 #GroverConsult #AIBankingRevolution #futureisdigital

In a rapidly evolving financial landscape, the clash between traditional banks and neo-banks is more than just a battle for market share; it's a fundamental shift in how we perceive banking itself. As technology reshapes consumer expectations, the digital-first approach of neo-banks challenges the long-standing dominance of established institutions. With trust and physical presence on one side, and innovation and convenience on the other, the stakes have never been higher .It remains to be examined if traditional banks will be able to change with modern times or if the agile newcomers will surpass them in reshaping the financial landscape.What do you think will shape the future of banking in India more: the adaptability of traditional banks or the innovation of neo-banks? #FutureOfBanking #DigitalBanking #NeoBanks #TraditionalBanking #FinTech #BankingInnovation

While the #DigitalBanking market in #SouthAsia is undergoing an exciting period of change brought on, in part, by new technologies and initiatives, many FIs in the region are being weighed down by a lack of connected digital infrastructure and are struggling to keep pace with market demands. How can traditional FIs survive the era of digital banking? Find out today ➡️ https://ow.ly/s8Jm50R1UMu

#NewIndia has the highest #fintech adoption rate globally at 87% - driven by factors like increased adoption of mobile banking, rising financial awareness, focus on #financialinclusion and a thriving digital economy. 更多資訊 : http://bit.ly/fintech_02 #InvestInIndia NITI Aayog Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry, Government of India

What does India’s financial services realm look like and how has it evolved? What should the relationship between incumbent banks and FinTechs be? What has led to a myriad of opportunities for consumer credit penetration in India? And what could the Digital Personal Data Protection Act 2023 mean for financial services in India? Cyril Shroff of Cyril Amarchand Mangaldas and Kalpana Morparia explore this and more in this episode of CAM Radio! Read more here: https://lnkd.in/gGyKZb6G