DUBAI, UAE, October 23 - In the face of the rising competition, banks are currently investing
more in technology and as a result IT is considered a business enabler
rather than a support function. Banks are competitively working to enrich
banking experience in various channels while contributing to their bottom
line.
With consumers becoming more demanding, technology is now driving
business in banks resulting in a shift from conventional banking to a
variety of other platforms.
Banks are realising the growing importance of updating their legacy
systems to enhance their service offering. In an interview with IQPC,
Dharmaraj Ramakrishnan, Head of Core Banking Unit, ING Vysya Bank stressed
"Progressive modernisation is the right way to go for cost-effective
technology aiding IT. Key steps we follow are: identifying the legacy
systems which are to be replaced; carrying out a cost benefit analysis and
justifying the capital investment and finally ensuring deployment of new
systems are aligned with business priorities - this will help in achieving a
faster ROI."
ING Vysya will be sharing their success story at the Banking Technology
India Summit 2011 being held in Mumbai on the 15th and 16th November 2011 at
the Four Seasons Hotel. The Summit is being conducted by IQPC and brings
together industry experts including Umesh Jain: CIO - Yes Bank , Rajnish
Khare: Head of Remote Banking - Standard Chartered Bank, P.R Somasundaram:
CEO & MD- The Lakshmi Villas Bank Ltd, Shrinath Bolloju: MD& COO- India
Deutsche Bank, Sameer Ratolikar: CISO Risk Management- Bank of India, Munish
Mittal: Executive Vice President IT- HDFC Bank, Jason O'Shaughnessy :
Managing Director EMEA- Yodlee, Sudhakar Ramasubramanian: Managing Director
- Aditya Birla Money Ltd - Aditya Birla Money Mart ltd and many more.
About IQPC
IQPC provides business executives around the world with tailored
practical conferences, large scale events, topical seminars and in-house
training programs, keeping them up-to-date with industry trends,
technological developments and the regulatory landscape. IQPC's large scale
conferences are market leading "must attend" events for their respective
industries.
IQPC produces more than 1,500 events annually around the world, and
continues to grow. Founded in 1973, IQPC now has offices in major cities
across six continents including: Berlin, Bengalaru, Dubai, Johannesburg,
London, Madrid, New York, Sao Paulo, Shanghai, Singapore, Sydney, and
Toronto. IQPC leverages a global research base of best practices to produce
an unrivalled portfolio of conferences.
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