CII BANKing Tech Summit
June 16, 2016
EPS was honoured to collaborate with the esteemed, Confederation of Indian Industry(CII) in their 10th edition of BANKing TECH Summit where it co- partnered in this summit as a “Payment Partner” for the 1st time. This national initiative was supported by Central Depository Services (India) Ltd. (CDSL) and Banking & Finance as the Magazine Partner along with PricewaterhouseCoopers (PwC) as the Knowledge Partner.
Decade edition of CII BANKing TECH Summit has been designed to capture the paradigm shift in Indian Banking industry, which will shape banking in terms of technology, business models and customer experience. It revolves around how FinTech has been intertwined in each fragment of banking business, be it customer experience, revenue growth, operations and processes or regulatory compliance. The event hovered on topics like, Future shape of financial eco-system in India, Emerging technologies in Banking & Synergies across risk & regulatory.
Ms. Arundhati Bhattacharya, Chairman- State Bank of India along with Mr. Arun Jain, Chairman at CII & CMD- Intellect Design Arena Ltd, graced this occasion with their inaugural key note addressal, post which the CII- PwC report on ‘FinTech: Redefining banking for customers’ was launched.
To add to this, EPS was proud to have Mr. Mani Mamallan, who co- chaired the Thought Leadership Roundtable Session-“Embracing the Fintech Disruption in Banking” with many other key delegates across industries. The topic mainly spoke about the Banking sector and its evolution in terms of disruption, and dhow it will start seeing the roll-out of differentiated banking models like payments banks and small finance banks along with emergence of new players (Fintech Firms) equipped with innovative offerings, while incumbent banks try to catch up with changing financial technology trends to stay relevant. Technology is enabling banks to create new segments, provide tailor made products and service offerings in a cost effective manner and thus differentiating themselves. Traditional banks are now looking for ways to bring innovations at the center of their business strategies.