Reghunathan Sukumara Pillai

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Member since

26 Oct 2012

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Bangalore

Latest opinions

Can a multi -Core Banking solution (CBS) implementation change the conundrum for Banks?

From a Core Banking solution (CBS) with modules for different business lines comprising of deposits, lending, payments, trade which was integrated in the late 1990s through 2000s, focus has shifted to hollowing the core/componentization. From Banks to IT vendors to analysts, the mantra has been same - breaking the CBS into smaller components or bu...

02 October 2023 Banking

Redesigning the concept of Core Banking

When Core Banking solution (CBS) was designed in the late1990’s, it was engineered to connect to the different branches of the bank using a central database and ensure proper accounting to generate the General Ledger. It removed the huge ledgers in the Bank where manual posting was done by staff and eliminated the branch-based accounting software...

26 September 2022 Banking Architecture

Can decisions be timely and agile?

The need for digitization has increased during the pandemic- change in existing process, adoption of new systems and process, new businesses, and the applicability in diverse industries. This has been glaringly visible in the banking /financial services industry where Banks are not able to service the consumer online or meet the needs of new age c...

30 September 2021 Banking Strategy, Digital and Transformation

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Latest comments

Workforce in the Digital World of Banking

Yes Katharaman. ALPM started in 1980s whereas Total branch automation in late 1980s. All these were very minimal . RBI appointed Rangarajan committee for computerization in Banks in 1988

https://rbi.org.in/scripts/PublicationsView.aspx?id=162

This push from the Central bank and recommendations gave new push and thrust for computerization

18 Mar 2018 05:39 Read comment

Workforce in the Digital World of Banking

Yes- Computers were installed in 1982 for data collection and analysis but only after 1991 it was used for transaction processing . Few new generation private sector banks introduced core banking software ( CBS) in 1994 /95 and Public sector Banks slowly moved to CBS in late 1990's and early 2000s.

17 Mar 2018 09:42 Read comment