7 Results
Amey Prabhu Senior Director at Virtusa
As businesses get digitalized and the era of "Everything Real-Time" kicks in, transaction banking needs to change. More and more banks are aligning their internal systems and processes to address the changing demands of the customer. Corporate Treasury is now looking to play a strategic role and are looking forward to their banks to prov...
24 May 2023 /wholesale Banking Strategy, Digital and Transformation
Corporate treasury is no longer seen as a cost centre. It is expected to play a key role in business policy decisions and new business initiatives. This requires a shift in focus from repetitive BAU activities to, timely and accurate, data driven decision making for efficient working capital management. Given an option, 70% (as per IDC White Paper...
19 February 2023 /wholesale Digital Banking
Changing customer expectations, quest for process efficiency and business growth, growing industry and regulatory support for digital trade continue to be the key drivers for digitalization of trade finance. Given the archaic interaction mechanisms and customer demand for better experience, channels continue to be the area of immediate focus for ba...
16 February 2023 /wholesale Banking
New age core banking solutions like Thought Machine, Mambu and Pismo are on their way to transform banking as we know today Simplistically put, these are a set of cloud native, even driven domain microservices that facilitate quick creation and launch of new products, configuration of workflows, accounting entries and interface with other internal...
15 February 2023 /retail /predictions Banking
In a discussion that I recently witnessed, a participant wished to know the best and the latest technology initiative that any bank has undertaken in Trade Finance and the benefits that they got out of it. The question set me thinking. There is nothing like end-to-end digital trade as yet. There are no fintechs that distribute traditional trade p...
14 February 2023 /wholesale Transaction Banking
Back in 2016, I was fortunate to be part of the team chosen for a week-long workshop/training on Blockchain. We were introduced to the basics, formed teams and built some use cases to understand how it works. Subsequently, I could also participate in building proof-of-concept on payments and trade finance. There was, and continues to be, a lot of ...
13 February 2023 /wholesale /predictions Blockchain Observations
The buzz around SME or MSME Lending has been around for quite some time. For the uninitiated, MSME is Micro, Small & Medium Enterprises. To give you a perspective, Government of India defines enterprises with revenue not exceeding Rs.5cr as micro, those between Rs.5cr to Rs75cr as small and Rs 75cr to 250cr as medium sized businesses. Major co...
10 February 2023 /wholesale /inclusion Small Business Lending Innovation
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