Uncategorized

Impact of Fintech revolution : HR function to get revamped

Posted on

HR in India’s Banking world has largely been focused on hiring and basic training as it handled massive business growth. With Digital enabling higher performance without proportionate increase in resources, the actions on HR would change with focus on: – Hiring Digitally savvy professionals across all units (not just in technology and digital units). Many […]

Uncategorized

Building Fintech + Financial Institution

Posted on

There has been lots of talk around technology teams working in Bimodal way (transformational as well as Business as Usual). I believe that this approach would not go beyond a point. Technology teams are part of digital initiatives and not the only driver of change. I believe that the entire organisation has to work in […]

Uncategorized

Tech is Tech until proven Business (Part 3)

Posted on

Key areas, where banks have missed the business by underplaying technology are: API Banking:  APIs have been in existence for a long time in banking industry. While specific technology may have changed, but APIs were used for a long time for ATM transactions, SWIFT, Payment Gateways, CIBIL, Bill Payments etc. New innovations like IMPS, UPI […]

Uncategorized

Tech is Tech until proven Business (Part 2)

Posted on

Key areas, where banks have missed the business by underplaying technology are: Automation: Technology was available for more than a decade to automate 90 percent (if not more) of operations / credit / sales management / compliance etc. However, only operations area came under automation largely as “it was a weak link and always considered […]

Uncategorized

Tech is Tech until proven Business (Part 1)

Posted on

As a business person working in Digital and Technology for past 2 decades, I have realised that business leaders have a bit of mental block in managing technology. They typically ignore technology, until its all over the environment. By the time, they react, the market typically would have moved ahead and then they play catch-up […]

Uncategorized

CTO / CIO / CDO : Time to enter Board / Take CEO position

Posted on

Jamie Dimon said in year 2015  “Silicon Valley startups are coming to eat Wall Street’s lunch”. However, couple of years down the line, Boards of financial institutions are still driven by sales, legal and finance experts. As focus is to get support on regulatory compliance, retired Civil Servants and ex-Bankers come onboard as independent directors. While […]