How Should Banks Re-invent Themselves for Future Growth?
The Indian banking sector is at the cusp of rapid changes thanks to digital technologies, an increasingly tech savvy customer base, and a growing eco-system of fin-tech companies. While most large, traditional banks already realize that change is inevitable and have started embracing digital technologies, they face several challenges.
On one hand, they must use digital technologies innovatively to tap new markets and expand customer base, or fear getting disrupted by new-age fin-tech startups and the younger and more agile banks. On the other hand, they must protect their existing investments in traditional algorithm-driven systems, which are becoming increasingly incapable of delivering greater value and insights. For this, banks need a nimble and highly responsive IT infrastructure that can bring increased agility, a highly-connected operating model and a streamlined cost structure.
How can banks deal with this double-edged sword of focusing on new age digital technologies and refreshing their existing technology infrastructure?
The PayiT Conclave 2017 will uncover how banks should re-invent themselves for future growth. It will help them understand how to adopt an ‘Assess–Adopt–Grow’ strategy with clearly defined roadmaps to transform their Customer Experience, Operation & Technology Processes and build disruptive Business Models through a continuous and open innovation culture.
- Hear industry experts, banking veterans, policy makers, and digital visionaries discuss the future of banking.
- Learn how to induct disruptive technologies like Blockchain
- Find out about innovations in payment systems and how to give a Unified Digital Experience for all products and services.
- Learn how to balance between Operational Efficiency and Technology adoption for seamless collaboration.
- Understand the essentials of delivering an enhanced customer experience and brand value creation.
- Find out how an agile and upgraded technology architecture layer can build the connecting link between Business and Operations.
- Enable an Eco-system of Rapid Transformation through continuous Innovation, ready-to-use technology accelerators and strong Agile program governance with Development operations.
- Deliberate on transformational technology frameworks driving future growth in the financial sector.
|9:30 AM||Onsite-Registration & Networking|
|10:00 AM||Welcome, lamplighting & introduction||EMCEE|
|10:15 AM||Fireside Chat: The Future of Banking||Banks are embracing digital change at different speeds. They are focusing on open innovation, which is at the heart of the digital transformation, engaging with external technology solutions, knowledge capital and resources early on in the innovation process.||Arun Purwar, Former Chairman, SBI; A.P. Hota, CEO, NPCI; Imtaiyazur Rahman, CFO & CS, UTI AMC; Moderator: Pradeep Gupta, CMD, CyberMedia|
|11:00 AM||Disruptive Technologies in Banking & Financial||Disruptive technologies are pursued by most of the new age banks as they pursue the agenda of rural and overseas expansion of customer base, capturing laten demand, cross selling, financial inclusion and for more and more intergrated accesss.||Kunal Pande, Partner, KPMG|
|11:30 AM||BlockChain a Game changer for Banking Industry||Blockchain works on multiple platforms, protocols and programs. Demystifying them and assessing whether we are in irrational excuberance or practical deployment stage.||Raj Chowdhury, MD, HashCash consultants & Former-Head of Innovation, ICICI Bank|
|12:00 PM||Networking Tea/Coffee Break|
|12:15 PM||Digital Banking - Seizing Mobile Moments, Optimizing Cross-Channel Customer Experiences||There is a shift from competition to co-opetition. On one side, banks are looking digital banking for innovation at speed, partnering with FinTech to develop faster and better products, target new customer segments (millennials, digitally savvy customers, unprofitable segments) and grow new ecosystems. On the other side, FinTech companies recognize the need for banks’ infrastructure, their key capabilities (for example in large-scale distribution, risk and compliance, scoring), their client base and capital to run a sustainable and scalable business.||Rajnish Khare, Head Digital Transformation, New Media, HDFC|
|12:45 PM||Panel Discussion: Can Blockchain disrupt banking sector as internet did to media industry||Panel Discussion on Blockchain Technology and its implication to transactional banking and sector at large. Is it just a fad ? Or a seriously evolvoing enabler for banking industry. Where to use blockchain? What is the ideal approach to blockchain adoption? How do we overcome the absence of trust and disintermediation? How to mitigate the challenges aroudn scalability, security and governance||Mehul Mistry, Director-Payments & Digital Intiatives, IDFC; Rajnish Khare, Head-Digital Transformation, HDFC; Raj Chowdhury, MD-hashcash Consultants and Ex-Head of Innovation, ICICI Bank; Vikram K, Sr. Director-Datacenter & Hybrid Cloud, HPE; Moderator: Anil Chopra, VP-Research and Consulting, CMR|
|1:15 PM||Networking Lunch|
|2:00 PM||Panel Discussion: Future of payments||Digital payments are fast taking over from cash globally, thanks to smartphones and innovations in mobile payments. In India too, mWallets saw a steady rise, especially after de-monetization move. Soon afterwards, a plethora of other digital payment options followed. Some did extremely well while others are still finding their feet. This panel discussion is about understanding the way forward for payments and how/whether can India become a truly cashless economy.||V.George, MD, UAE Exchange, Ranjeet Oak, Founder Money on Mobile; Vaibhav Lodha Co-founder, ftcash; Sriharsha Narsimhan, CTO, HPE; Moderator: Naveen Surya, Chairman, PCI|
|2:30 PM||Innovations in Payment Systems||In order to solve the last mile RBI has incentivized payment architecture by leveraging high mobile density and Aadhaar as key enablers for less cash economy.||Naveen Surya, Chairman Payments Council of India|
|3:00 PM||Invigorating Banking at Core: Digital Leader Viewpoint||Banks have to transform their core system to tackle the current competitive environment, changing technology landscape, regulatory pressure, and different customer preferences. Various studies showed that approximately 80% of the banks will replace their core banking systems in the next few years.||Madhivanan Balakrishnan, CTO & Digital Officer, ICICI Bank|
|3:30 PM||Panel Discussion: Agile Infrastructure and Core Banking to assist in competing effectively||Today, incumbent banks must upgrade their value chains to value networks that fundamentally redefine their businesses. The technology advances, can radically change the way banks are running their businesses—introducing increased agility, a highly-connected operating model and a streamlined cost structure. The platform based strategy to enable migration and scaling-up in order to compete effciently, while embracing the changes in business environment||Anup Purohit, YES Bank; Pramod Mulani, Head-Products, Payments, Digital Banking & Channels, NSDL; Rajesh Borde, Country Manager-BFSI, HPE; Moderator: Ed Nair, Editor at Large, Dataquest|
|4:00 PM||Motivational Talk||Renew your life with energy and motivation||Shri Gaur Gopal Das|
|5:00 PM||Invigorating Banking at Core: Tehcnology Leader Viewpoint||Banks have to transform their core system to tackle the current competitive environment, changing technology landscape, regulatory pressure, and different customer preferences. Various studies showed that approximately 80% of the banks will replace their core banking systems in the next few years.||Mrutyunjay Mahapatra, DMD & CIO, SBI|
|5:30 PM||Vote of Thanks|
Official TV Partner
Brought to you by HPE & Intel®
Intel Inside®. Powerful Productivity Outside.
Corpo Intel and the Intel logo are trademarks of Intel Corporation or its subsidiaries in the U.S. and/or other countries.