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Bank Security : From Brawn to Brain

Reported by | Updated: May 22, 2017

Banks Continue to face to robberies and attacks.Physical security heads have envisioned smart solutions to deter criminals: The violence in Kashmir has now extended to the banking sector. Since the end of October 2016,armed robbers have struck at bank branches in the state looting nearly `92 lakh in 13 separate attacks. There have been 4 […]

Budget: Credit demand to get traction

Reported by | Updated: March 21, 2017

Mayank Mehta, Executive Director, Bank of Baroda and Harideesh Kumar B., Executive Director, Canara Bank, expect credit growth boost from the Union Budget 2017 Mehul Dani: How will Budget 2017-18 facilitate credit growth for banks? Mayank Mehta: The budget is progressive with its emphasis on inclusive development while being fiscally prudent. It has given special […]

SBI powering banking in Digital India

Reported by | Updated: February 27, 2017

State Bank of India is investing highly in technology not just to simplify banking but to pursue its ambition of become a global behemoth: A leading private sector bank launched online banking in India 19 years ago. Soon after, more private and foreign banks followed. But, where were the public sector banks? In 1998, no […]

Digitization – an absolute necessity now

Reported by | Updated: January 30, 2017

Digitization has been the catch phrase for banks in 2016. Mobile-based payment solutions, blockchain technology, self-service, social media-based transactions and seamless P2P transactions are on their agenda: Today, digitization is not a mere option for the banking industry. It is a must for them to be functional, efficient and competitive. Digitization ensures improved customer experience, […]

P2P lending comes of age in India

Reported by | Updated: December 21, 2016

P2P lending is gaining a major foothold in India. Four major operators discuss the prospects and how technology is the distinguishing factor in the operations: When P2P lending started in China in 2005, it was only a $2 million industry. Today, it has grown to be a $164 billion marketplace. India has only 10% of […]

Fintechs getting indispensable

Reported by | Updated: November 25, 2016

While newspapers today have regular columns on startups, what is really making waves is the fintech startups that strive to change the way we handle our financial transactions. They are evolving and trending and they are here to stay: Imagine a scenario where you can pay for a cup of coffee with your iPhone or […]

Bill payments – anytime anywhere

Reported by | Updated: November 12, 2016

The Bharat Bill Payment System, which got launched in a pilot version, is a game changer for the Indian economy India is poised to provide its citizens with the luxury of a ‘anytime anywhere’ bill payment system. A pilot of this ambitious project was launched on 31 August 2016 with the National Payments Corporation of […]

Innovation is all about solving problems

Reported by | Updated: October 26, 2016

Kevin Johnson is head, Innotribe Innovation Programs, SWIFT. Innotribe was created to identify emerging trends in financial services innovation and generate discussions about how these trends could impact the industry going forward. He speaks to Banking Frontiers at SIBOS 2016 in Geneva Babu Nair: What is your definition of innovation? Kevin Johnson: When people speak […]

Paynext An insight into Payments Business 2016

Reported by | Updated: August 30, 2016

Banking Frontiers organized the fourth edition of PayNext Insights conference, highlighting the recent innovations in the payments space. Here are the highlights of the conference Payments system stakeholders in the country have to take into account the level innovation in the payments system across the world, in order to be ready to meet the increasing […]

Canara Bank – future ready

Reported by | Updated: July 25, 2016

Another South-based bank, Canara Bank, is in the midst of an organizational transformation. Rakesh Sharma, MD and CEO of the bank, explains the roadmap that has been created for the purpose: Mohan: How does Canara Bank take care of the key issues like customer care, ease of doing business, technology efforts and profitability so that […]