Digitization: A boon for the banking sector
By MYBRANDBOOK
Bhaskar Rao
Asst. General Manager – IT
Vasai Vikas Sahakari Bank
CIO priorities for 2022
The competition is very high in the banking sector particularly in the Cooperative Banks, who are less tech-savvy, getting the highly technical people is a big challenge due to various factors like salary etc. We have already taken-up the challenges and started the shared or outsourced model in various areas like Payment system, Data Centre, DR Site and other hi-tech areas where co-operative banks are lagging behind, but has to offer all kinds of digital services to its customers.
Digitization - opportunities galore
The digitization has been a boon for the banking sector, we have been working on various digital channels for our customers which indirectly will reduce the cost of transactions, increase reachability, roll-over of new products become easy, ultimately increasing the profitability.
Tech talent: A challenge
Being a bank we have to provide all kinds of services 24x7 to our customers, we cannot afford the disruption of the services due to lack of technical staff. We have decided to go for the outsourced model wherein our ASP will be providing all kinds of services in a secured manner, hence the dependence on the technical staff is reduced drastically.
IT: The Future of India
The future of IT Industry is very bright, there are various segments in the industry which are going at rapid speed like digitization of payment channels, e-governance, increased usage of cloud in India, the government is pushing for the digitized economy, localised data storage due to which data centre services are having very bright future, networking and security is one of the area where the growth rate is very high. India is already a power-house of software development. The IT industry in India is growing very rapidly and will be one of the core engines for the economy of the country.
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
Alpha Max offers high end solutions in the network space to en
The vision at Alpha Max is to attain quality as the trademark and create a
In India, 88% of Indian business leaders are planning to inves
As we move through 2024, it has become increasingly clear that AI is not ju
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
STERLITE TECHNOLOGIES LTD.
LAVA INTERNATIONAL LTD.
INFOSYS TECHNOLOGIES PVT. LTD.
EXIDE INDUSTRIES LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : PRATIVA MOHAPATRA
Prativa is a transformational leader with an incredible breadth of exp...
ICONS OF INDIA : RISHAD PREMJI
Rishad Premji is Executive Chairman of Wipro Limited, a $11.3 billion ...
Icons Of India : Bhavish Aggarwal
Indian entrepreneur Bhavish Aggarwal is the CEO of Ola, India’s larg...
PARTNER SPEAKERS
PSU
TCIL - Telecommunications Consultants India Limited
TCIL is a government-owned engineering and consultancy company...
PFC - Power Finance Corporation Ltd
PFC is a leading financial institution in India specializing in power ...
LIC - Life Insurance Corporation of India
LIC is the largest state-owned life insurance company in India...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - ANJALI SUD, CEO – Tubi
Anjali Sud, the former CEO of Vimeo, now leads Tubi, Fox Corporation...
Indian Tech Talent Excelling The Tech World - ARVIND KRISHNA, CEO – IBM
Arvind Krishna, an Indian-American business executive, serves as the C...
Indian Tech Talent Excelling The Tech World - JAY CHAUDHRY, CEO – Zscaler
Jay Chaudhry, an Indian-American technology entrepreneur, is the CEO a...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
