It is exactly one year since Raghuram Rajan relinquished his charge as RBI governor. As I was going through his newly released book, I Do What I Do, it was good to be reminded of the expectations he...
Sep 12, 2017
Indian consumers prefer a digital-first approach to accessing banking services, only talking to a banking adviser by phone for more complex issues, according to a new survey from communication...
Aug 14, 2017
Two promising technologies, artificial intelligence and blockchain, have our undivided attention. However, while blockchain is an entirely new content; artificial intelligence has been around for a...
Mar 29, 2017
A lot is written about the digital transformation efforts in Indian organizations. Some surveys have gone too far to claim that 84% of Indian businesses are seeing moderate to significant...
Mar 23, 2017
With the idea of blockchain as a disruptive technology gaining ground, each country is looking to chart its own path—based on both global learning and domestic ground reality. India is no exception....
Mar 23, 2017
It is immensely unfair today to introduce blockchain as the technology behind bitcoin. While it is a fact—and everybody knows it—that it is indeed is the technology that powered the most successful...
Mar 21, 2017
IT spending by banking and securities industry in the mature APAC region will reach USD 67.1 billion in 2017, a rise of 5.4% from 2016, according to Gartner. This forecast gives the total enterprise...
Feb 09, 2017
Over 2 billion mobile users will have used their devices for banking purposes by the end of 2021, compared to 1.2 billion this year globally, analysts at Juniper Research said. Growth in mobile...
Oct 19, 2016
What exactly is UPI? UPI basically is a singular model which generates unique code or identity, much like an email address, for a person linked to their bank accounts via mobile application. Now,...
Oct 10, 2016
Worldwide mobility revenues are forecast to grow from USD 1.5 trillion in 2016 to more than USD 1.7 trillion in 2020. This represents a compound annual growth rate (CAGR) of 2.2%, or roughly USD 40...
Oct 07, 2016
Revenues for information technology products and services will grow to more than USD 2.7 trillion in 2020 from nearly USD 2.4 trillion in 2016. This represents a compound annual growth rate (CAGR) of...
Aug 31, 2016
Customers used to be loyal to there banks, but it is no more the case in the days of customer-centric banking. More the banks take time in adopting the modern financial technologies (FInTech), more...
Aug 24, 2016
Last week, Axis Bank, India’s third largest private sector bank, announced the launch of what it calls Thought Factory, a Fintech innovation lab. Based in Bengaluru, the lab combines an in-house team...
Jul 04, 2016
If the selection of winners in of ICICI Appathon, India’s first ever open mobile app development challenge initiated by a bank, is any indication of where exactly is value creation in banking is...
Apr 20, 2016
ICICI Bank is doing it again. India’s No 2 bank, which is credited with many firsts in tech-enabled and digital banking in India, is opening up its APIs to third part application providers for...
Feb 24, 2016
Reserve Bank of India has come out with an advertisement for appointment of a chief executive officer (CEO) for its proposed IT subsidiary, the name of which has not been announced yet. Though...
Dec 11, 2015