Event Report 168

Panel Discussion: Implementation of Innovative Technologies for NexGen Banking at BFSI Security Summit

Panel Discussion: Implementation of Innovative Technologies for NexGen Banking

Avtar Monga, Chief Operating Officer, IDFC Bank
“The branch is getting replaced by phone. Now you do not require many additional things to transact. We are looking at the nextgen banking in India.”

M V Sheshadri, Chief Information Security Officer, National Stock Exchange
“In our environment, one large innovation we are adopting is the Blockchain in terms of trust-based transactions which are universal now. Another solution which we adopted for security is machine learning.”

S K Mishra, Chief Information Security Officer, Central Bank of India
“We need to develop new product and services. We need to continuously revisit the traditional products and services. This is the need of the hour for every sector.”

Bhavesh Lal Lakhani, SVP & Chief Technology officer, DSP Blackrock Investment Managers Pvt. Ltd.
“The trend is going towards peer to peer. Blockchain is the distributed ledger. Gone are the days of the middlemen. We are heading towards paperless. Mutual fund industry is somehow lagging in the technology in comparison to what banks do but they are slowly picking up.”

Kanchan Kulkarni, Regional Head Maharashtra, ICICI Bank
“One small instance of next-gen banking is Jan Dhan Yojana. The responsibility was given to the banks. One milestone has been grabbed and we will reach other milestones shortly.”

Lalit Popli, Head- IT, ICICI Prudential Asset Management
“We see lot of innovations happening at the break-neck speed. Blockchain with Bitcoin are being adopted by a lot of financial institutions.”

 


Technology Presentation: Vijender Yadav, Chief Executive Officer, Accops
“As Accops, we enable virtual end user computing and we make sure it is secure and efficient. It is scalable. We provide our own think line solutions as well. We secure the end user computing, we reduce the cost and we enable enterprise mobility.”

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