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

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…

Best Omnichannel Platform

Which is the best omnichannel platform? Which all channels are available on this  platform? Does it get integrated well with backend systems including core platform, payments, loan origination? Does it provide ready to use APIs fot other systems and Fintechs? How flexible is UI / UX for the users? How long does it take to…

Core Banking Platforms – Disruption Ahead?

Having implemented multiple core platforms including core banking, lending, payments, treasury, I believe that the  time is ripe for disruption ahead in this field… When banks are getting pushed ahead by digital, these platforms are becoming a deterrent. Most of these platforms (not all) are –  Complex to implement – Challenging to upgrade – Expensive…

Financial Institutions will morph into Fintech Financial Institutions

Financial Institutions will morph into Fintech Financial Institutions by: – Collaborating closely with Fintech to co-build new capabilities – Competing with Fintechs by investing in in-house Tech, creating digital culture and creating Digital KPIs – Strategically investing in Fintechs / Software firms focusing on innovation, speed and future potential – Acquiring Fintechs as well as…

Reincarnation of Compliance in Financial Institutions

Focus of compliance till date has been about interpreting the rules and regulations prescribed by Central Bank and aligning business around the same. RBI as well as Government have been pro-digital and rules have been changing continously  to make the country completely digital. With focus shifting to digital, the compliance frameworks in the bank needs…

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