Community

Hope it has grown beyond those 1000+ users but sure looking at its passing value which is three to four times higher than nationa chain, currency can be moved to Cryptocurrency model as it trades whopping 8500% higher in eBay.

After Aadhar registration accelerated, Govt has started e-KYC norms and appointed KSA (KYC Service Agency e.g NSDL, CDSL, NPCI etc.) which does authentication received from registered KUA (KYC User Agency i.e. banks, telecom operator, insurance agencies etc.)

KUA such as bigger banks such as SBI has started leveraging it for its BC model - PAYPOINT uses extensive (http://paypointindia.com/Banking.aspx)

New format of SBI branches under SBI INTOUCH has Account opening Kiosk which uses Aadhaar based e-KYC feature.

I was instrumental in design and development with one of solution provider apart from advocating it to several new enterents.

Chillr - Mobile wallet provider has also offered solution to Federal bank (https://blog.chillr.in/2016/02/18/open-a-bank-account-with-a-selfie/). 

This may be started point to see new enterent who does not have baggage of Digital e-Forms floating around in branches and DSA to process using Document management to use it.

Awesome explanation of Machine learning for new payments methods.

ATOM is on it's way to create 'SIRI' for banking service it seems !!! So far growth story looks prospective.

Great it proves OFAC checks before txn authorisation works ( considering Dash as test data sent for generating alert :))

Think Digital First - has been the way shown by consulting firms to bankers as well as Technology vendors have demostrated its stength and innovation in coverting end to end manual process of onboarding customer into Digital form.

Waiting game is still going on to see decision makers coming out if their Silo thinking :)

Deploy Robos, digital channels ... banks will slowly become trivial in physical space and surely does not believe on human expertise for its business growth.

Welcome to India RISE !!!

Each force brings Change.

Need to understand the Force which made the change for RBS which is mentioned as "reflects a reduction in demand for personal services following the introduction of new rules under the Retail Distribution Review (RDR)"

It may be that, RBS as Branch transformation strategy decides to move low margin services on centralised platform. 

This is brilliant move.