BFSI 2020: Cashless economy to be driven by AI and human intelligence

BFSI sector in India has taken the plunge towards artificial intelligence (AI), chatbots, robotics and internet of things (IoT).
But customer experience and data security will always have the final word, according to technology leaders.

Digital lenders to face challenges as NPCI suspends eSign-based eMandate

The reason for the suspension of the eMandate is Supreme Court's verdict, which curbs all Aadhaar-based eKYC processes. 

Choice International scales IT workloads with hyperconvergence

As its client workloads grew, so did IT performance and availability problems, making it clear that the ageing mix of servers and SAN was no longer up to the job. 

Inside B&K Securities’ IT transformation with HCI

Taking a leaf out of Mukesh Mehta’s book - IT leaders can easily adopt a high-end software driven approach, without sending the CFO into a panic attack. 

Digitalization to make most financial firms irrelevant by 2030: Gartner

By 2030, 80 percent of heritage financial services firms will go out of business, become commoditized or exist only formally but not competing effectively, says Gartner. 

TCS rolls out SWIFT gpi-ready payment solution for banks

Banks as well as their customers stand to gain significantly from the latest version of TCS BaNCS for Payments with its SWIFT gpi support, according to the company. 

Synechron launches AI data science accelerators for BFSI sector

The accelerators combine natural language processing (NLP), deep learning algorithms and data science to solve the complex business challenges. 

Digital payment wallets will be interoperable: RBI's mandate decoded

With the proposed system, digital wallet providers and participants (merchants and users) will be able to settle transactions across all systems in a unified way.

Why e-payment companies give RBI’s data localisation mandate a thumbs-up

Amidst the widespread furore and the general perception of RBI’s data localisation mandate being a spoke in the wheel for digital payment companies, the latter believes RBI’s diktat is a step in the right direction.

ICICI Bank MD and CEO Chanda Kochhar steps down

Chanda Kochhar resigns with immediate effect and Sandeep Bakshi will be the new MD and CEO of ICICI Bank. 

Don’t boil the ocean with digitization: Mrutyunjay Mahapatra

Mrutyunjay Mahapatra DMD and CDO at SBI talks on new age banking and vigilant selection of technologies in the digital world. (The interview was conducted prior to his appointment as CEO of Syndicate Bank).

Bandhan Bank gets tangled in violation of RBI norms

As per the RBI licensing terms, the promoters' stake of the bank should have been brought under 40 percent within the first three years of the commencement of its operations. But as on 30th June 2018, the promoter group holds 82.28 percent stake.