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Transformation through technology
The banking sector is undergoing a metamorphosis and experiencing a phase which has both pros and cons. Technologies like artificial intelligence, peer-to-peer lending, big data, block chain and digital payments are now regularly used in association with banking and other financial aspects and the banking industry is making constant efforts to integrate these new technologies to serve the customers better. On the other hand, traditional banking is becoming outdated owing to lack of user interest, high costs, old infrastructure and no room for manual processes. Hence, it becomes necessary to create a forum where bankers, academicians, policy makers, students and researchers can share their views on this transformation phase.
Thus, the Birla School of Commerce successfully organized the 2nd BGU Banker’s Conclave on the topic “Reinventing Commercial Banking in the Digital Era” on 6th May, 2022. The conclave was attended by more than 150 participants from different B-Schools, Universities and IIT, Kharagpur. It was graced by the Vice chancellor, Birla Global University, Prof. PP Mathur; Registrar, Prof. BK Das and top experts of the banking industry like Mr. Siddhartha Sanyal, Executive vice President, Bandhan Bank; Mr. Saket Jasoria, Global Retail Banking practices, Head, Wipro ltd, London; Mr. SSK Pradhan, General Manager, RBI, Department of Supervision; Mr. Pankaj Gadgil, Head-Self-employed segment, SME & E-Commerce ecosystem; Mr. Abhay Naik, AVP, Digital Banking, Yes Bank; Mr. SSP Roy, FGMO, Mumbai circle, Indian Bank and Mrs. Sarojini Mishra, AVP, Barclays Corporate Banking, who delivered their own viewpoints on the digital transformation in banking sector and the competition-collaboration with FinTech. The speakers emphasized on increasing digital literacy, collaboration between banks and Fintech, and discussed newer concepts like Block chain, Bitcoin, SWIFT technology, OCEN, Bit paisa, India Stack, Insta biz and Neo banking.
The Conclave was chaired by Dean, School of Commerce, Prof. Samson Moharana and was coordinated by Mrs. Lopamudra Nayak, Assistant Professor, Birla School of Commerce. The participants engaged with the resource persons during the three sessions through their queries which were readily answered by the esteemed guests. It was a major learning opportunity for students, research scholars and faculty members.
