Rapid pace of economic growth in the country and the attendant progress in technology has defined a new course for banks in India. Use of IT has induced a sea of change in the Banking landscape, and is looked upon today as a key tool to increase affordability and accessibility in banking. Extending the frontiers of banking, the concept of “Universal Banking” has become the forerunner in today’s times. Increasing competition from private and foreign banks with their superior technology coupled with the demands of the customers for anywhere and anytime banking facilities has put immense pressure on the Indian banks to introduce technology driven processes and systems.

BANKing TECH Summit seeks to explore new avenues of growth, improved service delivery models and ways to enhance customer experience through increased usage of technology.

The session will endeavour to live up to its theme of
“Changing Rules of the Game through Technology”

India holds the promise of a strong growth trajectory, leading the next wave of growth in Banking, riding on the back of a robust macro-economic environment, and a favourable demographic dividend. In the volatile banking technology sector, banks’ perspective in the changing product landscape is emphasized. Technology acts as a prime enabler of superior product development, improved infrastructure and efficient delivery channels for the banking industry. Treading new avenues, tapping new markets and expanding the boundaries of existing markets has steered growth of the banks. The demographic dividend and the changing scenario pose a challenge and needs to channelise in the right direction. Further, integrating technology in the delivery channels lent more choices to the customer to undertake transactions with ease and convenience. This session aims to look at some of the distribution strategies and technological innovations which can be introduced to attain transformational growth.