With the Indian banking industry poised to become the third largest in the world by 2025, next generation banks in India have taken the lead in increasingly offering technology-based services on diverse platforms. Using technologies like smart cards, ATMs, Internet, mobile phones and social media , these enterprises are adding multiple access channels to make financial services convenient for consumers and help in faster financial inclusion for wider consumers. The huge wave of digital transformation can be seen from the fact that a majority of banks now insist on cashless and paperless payment models.
Financial enterprises continue to use analytics in a big way and are exploring new dimensions to gain detailed insights into customer behavior. Several banks have also taken the lead in deploying private clouds, and are using them extensively to provision infrastructure quickly. Regulatory bodies like RBI, SEBI and IRDA have kept pace providing recommendations related to technology risks, electronic transaction, managing potential frauds across the various channels, outsourcing risks to name a few.
In this context, we are pleased to bring you the 4th edition of The Financial Technology Summit (FTS), which will be held at Radisson Blu Resort & Spa at Alibaug from 20th to 22nd June, 2013. The focus will be on topics that capture some of the hottest technology trends that are shaping the business agenda and competitiveness of enterprises in the BFSI sector.