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