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Prasoon Mukherjee

Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank

Large Language Models are not a solution for precise data extraction in banking.

In recent times, large language models (LLMs) have revolutionized the field of natural language processing, demonstrating impressive capabilities in understanding and generating human-like text. However, when it comes to sensitive and complex operations like those within the banking sector, there are valid concerns about relying on LLMs for the ex...

/retail /wholesale Post-Trade Forum

Prasoon Mukherjee

Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank

Bridging the 'EQUITY' gap in embracing inclusion.

One of the fundamental reasons diversity in middle management and leadership levels is crucial is because of its potential to foster a broader range of perspectives and ideas. When leaders come from diverse backgrounds, they bring unique insights and experiences that can challenge the status quo, plus question assumptions. This diversity of though...

/people /sustainable Banking

Prasoon Mukherjee

Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank

ASSET LIABILITY MISMATCH - (DEVIL AND THE DEEP SEA) SITUATION FOR BANKS

If you are a student of finance studying ALM, the last few weeks must have been quite a perfect academic period to witness the SVB debacle unfold, as you mapped this use case to some of the written down text book theories about ALM situations across balance sheets in general. While it's not entirely wrong to do so, however its also pertinent to un...

/regulation /retail Banking Strategy, Digital and Transformation

Prasoon Mukherjee

Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank

COMPUTATIONAL THINKING - The Missing Link Between Ideation and Execution

We often tend to identity reasons of failed software projects with "cost-overrun" , "time-overrun" or "poor quality". A few years back, during conversation with a dear friend, who also happend to be my client at a major investment bank, I was struck hard by his thought on the subject, which still continues to be my gu...

/people /wholesale Outsourcing Banking, Financial Services Operations

Prasoon Mukherjee

Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank

Banking on Metaverse

"What is the Matrix?” While Keanu Reeve asking this question in the movie was an act of fiction, in our real world today there are many who are asking the same question referring to metaverse. For most, the extent to which they can stretch their imagination is thinking of it as a virtual space conceived on augmented reality and built for soci...

/people /retail Futuristic Banking

Prasoon Mukherjee

Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank

Accounting for Crypto-Assets

Its not uncommon in the world of finance for accountants to encounter challenges related to an evolving discipline for which no accounting standard would have explicitly existed earlier. One example is in the manner how the world of tokens or cryptocurrencies is evolving as no accounting standard currently exists to explain how this asset class sh...

/regulation /crypto Blockchain in Banking and Financial Services

Prasoon Mukherjee

Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank

Modernizing Legacy Processes, Business Models and Technology without breaking the Bank.

The onus on traditional enterprises to reinvent and compete with peers is greater than ever. Incumbents across industries are investing to transform their legacy platforms, redesign business processes and continuously innovate their business models to stay relevant. However, transformation strategies aimed at designing modern software applications...

/people /wholesale Banking Strategy, Digital and Transformation

Prasoon Mukherjee

Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank

BUSINESS AGILITY in Banks - A need for Structural Leadership Reorganization, plus looking beyond IT.

Ability and need to be nimble, like a blade of grass that bends to the waves of wind in any direction is possibly the right metaphor to use in comparing our ecosystem, in which we work that is notoriously volatile, and the demand therefore is to continuously adopt to change that is constant. Given this is same for all organizations, the ones that ...

/people /startups Banking Strategy, Digital and Transformation

Prasoon Mukherjee

Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank

Judging blockchain as solving a capitalistic problem, or a socialistic issue, is a false dilemma !

Is blockchain capitalist or socialist? Libertarian or collectivist? Leftwing or rightwing? The answers to the above questions are neither or both, as we shall find out in this article, scraping through the past 2500 odd years of human thoughts in shaping societies, culture, commerce, and thereby relating it to the root paradigm that this technolog...

/crypto /markets Blockchain Observations

Prasoon Mukherjee

Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank

Accounting, Auditing and Blockchain. The common thread that binds the 3 is Triple Entry Accounting

Introduction: A background of accounting and auditing mis-governance, that’s hard to ignore: With sheer increase in the number of accounting scams that the industries have witnessed since early 2000, I have had this inner urge to bring this subject for more intensive debate. The last to hit a similar cord, is the recent issue of a whistle-blower, ...

/regulation Internal Auditors in Financial Services

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