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 […]
Engine of a Car
Engine to a Car is akin to what Technology Platforms are to Banking… Still Tech is considered Support in a Bank / Financial Institution… Building Digital bank would require this old mindset to change… Lets work to make the change…. Lets Change the Way Banking Happens…
Digital Focused Or Branch Powered – Which way banking will go?
I believe that successful banks will have following approach: – They will have fully digital products sold through digital & non-digital channels (owned by banks as well as partners) – They will have branch presence though in a limited way. In Indian context, they may have nearly 200 branches (Indians minimally expect branch presence in […]
Digital Board Banking
Digital Board Banking – Is your board ready for Digital? What is your board’s understanding of Digital? Is there any Digital champion in the board? Does the board have a separate committee to drive digital? Is digital agenda driven by Board? Is there any linkage between digital agenda and business performance?
Changing the way Banking Happens
Changing the way Banking Happens How? – Be where the customer is (inside the mall / in the villages / online world or wherever) for buying as well as servicing – Sell what he / she wants and understands (without training!) – Utilize Analytics in action (beyond reports) for selling and servicing right – […]