IBA Banking Technology Conference and Awards Ceremony 2019 was organised at Hotel St. Regis, Lower Parel, Mumbai on 20th February, 2019 and was inaugurated by Sunil Mehta (Chairman, IBA and MD & CEO, Punjab National Bank) and Ms PV Bharathi (MD & CEO, Corporation Bank).
Welcoming the keynote speaker, other dignitaries and delegates to the Conference, Sunil Mehta talked about the rising growth of IMPS and UPI, in addition to increasing adoption of Artificial Intelligence (AI), Robotics and Automation in front, middle and back office banking operations.
Keynote Address
Dr Gulshan Rai (National Cyber Security Coordinator, National Security Council Secretariat, Prime Minister's Office) gave the keynote address via video conference. Dr Rai talked about the mind-boggling application of technology in today’s banking services. He asserted that innovation, disruption and cyber-risk are three parameters that need to be seen in the same frame. He also spoke about the convergence of technology, the concept of virtualisation, and network and safety approach by banks. Dr Rai’s analogies, cyber being the 5th domain after land, air, water, space and the concept of ‘invisibilisation’ in the digital world was well received by the audience.
V G Kannan (Chief Executive, IBA) gave the vote of thanks and talked about how banks need to go a long way in addressing challenges in a heterogeneous environment.
Technology presentations
Presentation by Cognizant talked about the various approach in architecture transformation, allowing and replacing or adding a new core altogether. Presentation from IBM was focused on increasing demands of stakeholders and customer experience, and the need for enterprise-wide digital transformation initiatives.
Nakul Rajpal (Principal Consultant, SAS India) talked about achieving optimal IFRS9 compliance in an increasingly dynamic world of banking services.
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