Future of banking

Customer-focused new technology is critical for financial institutions to remain relevant

In this era of global, interconnected financial systems, a ripple in one nook of the world can create a shock wave in the entire economic ecosystem. This has led to increased scrutiny and more stringent regulatory requisites for financial institutions. Regulators have not only shortened the time but also doubled up the information they sought from customers. Risk, financial data and technology are becoming hot topics, and banks are looking for crucial and viable solutions that can help them sail through compliance. To become more agile and remain relevant, banks in India are exploring technological options with more focus on