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DBS Bank offers real-time payments to truck owners

Reported by | Updated: October 1, 2020

Divyesh Dalal: The pandemic has resulted in radical changes in the existing behaviors and has accelerated digitization. While it has impacted transaction banking flows, it has provided the opportunity for us to pivot a segment of our customers on to our digital channels. We have seen an increased acceptance of digital solutions as people opt for […]

Nabil Bank’s Mantra: Survive, Revive and Grow

Reported by | Updated: October 1, 2020

The bank has accelerated its digital transformation with new products, new technologies and sops for attracting customers Anil Keshary Shah, CEO, Nabil Bank The covid pandemic has brought with it unprecedented challenges for governments across the globe. From tackling the medical aspects of the infection and controlling its spread, governments have to address the issues […]

Platform strategy to drive 30-40% growth

Reported by | Updated: September 29, 2020

iQuippo digitizes co-lending programs, offers dynamic pricing to borrowers and dynamic risk adjustments to lenders: iQuippo, India’s first digital marketplace for infrastructure equipment, has launched its upgraded financing portal (www.iquippo.com) and has become the first digital platform in the country to digitize co-lending programs. iQuippo’s customers can avail finance for their equipment purchase at the […]

8000 customers engage through WhatsApp

Reported by | Updated: September 28, 2020

IDBI Federal Life is now extending its mobility platform from distribution channels to all its sales channels: Online policies can be looked at as a distribution channel or as an enabler of remote sourcing of new business. IDBI Federal Life Insurance looks at it more as an enabler than as a channel per se. It […]

Covid Response: Gartner’s 4 Best Practices for BFSI

Reported by | Updated: September 24, 2020

Gartner analysts Ali Merji, Gladys Yeo and Leeann Ji recently published a report: ‘How Asia/Pacific Banks Responded to COVID19 and What CIOs Can Learn’. Here are some highlights and examples from the report: Analysis of how Asia-Pacific banks responded to the covid19 outbreak has yielded 4 key imperatives. BFSI CIOs have had to take on […]

Boosting Brand Positioning and Salience

Reported by | Updated: September 23, 2020

Brand building at financial organizations get the digital and social boost: In this digital age when commoditization of financial products is the norm, differentiation is the crucial aspect and financial services providers have to have new brand strategies, especially since brand portfolios have to be in line with the emerging market realities. Brand building and […]

Will it revive the economy?

Reported by | Updated: September 23, 2020

To alleviate the financial anxiety of impoverished business entities and persons transpired due to lockdown to exterminate the lethal corona virus, during the last week of March 2020, the Apex bank of India had offered a three-month freeze or moratorium for installments of all term loans and advances. Although the amenity was protracted till the […]

Covid-19 and New Normal: How we can manage our Business

Reported by | Updated: September 22, 2020

Nepal based BFIN organized an online conference on August 14, 2020. Excerpts from the keynote by Dr Shah Md Ahasan Habib, Director, Bangladesh Institute of Bank Management: There are extra ordinary expectations from banks during the covid scenario. There are also huge resource limitations. There is also a policy crisis as all policies are not […]

Bank of Maharashtra aims for 19% agri credit growth

Reported by | Updated: September 21, 2020

Banks on e-Meets, digitalized land records and post COVID schemes: Bank of Maharashtra has provided total agriculture advances (AA) of Rs143.85 billion during the year ended 31 March 2020. A spokesperson for the bank said the total amount of AA as of 30 June 2020 has increased by Rs4.96 billion and stood at 17.30% of […]

Loyalty program rewards right behavior investment

Reported by | Updated: September 18, 2020

Reliance Securities leverages big data and robo-analytics to facilitate effortless trading Reliance Securities offers online trading platforms and investment opportunities, providing customers with access to equities, derivatives, currency, IPOs, mutual funds, bonds and corporate FDs. In the last 6 months, the company has focused on improving customer experience right from the sign-up stage to transactions […]

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