Strategic Advisory Board & Founding Member - Centre of Fintech at University of London
University of East London
April 14, 2022
UEL Fintech Centre has a powerful vision driven by sustainability & inclusivity and with support from industry partners and fellows!
Upskilling and Reskilling are the only way forward for the industry to flourish, and education/industry partnerships are critical for sustainable growth. UEL is providing students with the required curriculum, practical experiences through industry partnerships and opportunities to work with fellows and industry partners to prepare an industry-ready workforce and bring partners and fellows from broad sectors for more excellent exposure to students and staff!
I am looking forward to supporting and working with University and Fintech Centre!
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Tags: FinTech, Startups, Sustainability
BharatX
Forbes
February 15, 2022
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Tags: Entrepreneurship, FinTech, Startups
Advisory Board Member - CEAI
CEAI
December 01, 2021
CEAI is primarily formed as an effort by MyFinB Group with the objective to support society at large, people and industries with AI solutions aligned with the SDG17 goals of the United Nations.
At CEAI, we believe AI can help drive positive impact by solving some of the world’s most pressing challenges. While the prime advantage of AI is to enhance business and the economy, AI for Positive Impact focuses on the aspect of artificial intelligence applied for helping people and the environment.
By using AI for positive impact, CEAI supports social innovation projects in many SDG sectors such as Education, Health and Wellbeing, Clean energy, Industry innovation and infrastructure, responsible consumption and production to name a few.
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Tags: AI, Entrepreneurship, Leadership
Startup Incubation and Innovation Centre, IIT Kanpur, India
SIIC IIT Kanpur
September 01, 2021
A launch pad for purpose-driven entrepreneurs harnessing the power of innovation and technology.
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Tags: FinTech, Innovation, Startups
Mentor and Advisory Board
SIIC IIT Kanpur
August 02, 2021
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Tags: Entrepreneurship, FinTech, Innovation
HPC AI Wallstreet
HPC AI Wallstreet
September 28, 2020
The global market size of High Performance Computing (HPC) was valued at $34.62 billion in 2017, and is expected to expand at a Compound Annual Growth Rate (CAGR) of 7.2% through 2025. The global enterprise AI market was valued at $4.68 billion in 2018, and is projected to reach $53.06 billion by 2026, with a CAGR of 35.4% between 2019 and 2026.
HPC + AI Wall Street is formulated to advance the understanding of market-ready innovations, enabling growth, new revenue streams, and competitive advantages.
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Tags: Digital Disruption, FinTech, Innovation
MIT Technology Review
MIT
November 04, 2019
MIT Technology Review
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Tags: Leadership
FinTech Women Walk the Talk: Moving the Needle for Workplace Gender Equality in Financial Services and Beyond
Palgrave Macmillan
January 09, 2022
The Fintech community is steeped in change and has the potential to pave the way for equal opportunities in the workplace with all the positive actions that have taken place. There is much more that can be done but what has been achieved so far needs to be replicated. This book showcases the successes in the industry as well as what could act as a barrier or escalator. This book is the first of its kind, drawing upon the author’s podcasts with more than 115 FinTech experts sharing their insights into the space. More than 100 of these experts are women within the FinTech community. It is a call to action for diversity in the workplace, showcasing the successes and presenting how to overcome the challenges. By demystifying FinTech and its opportunity for change, the book explores how to achieve gender parity in the workplace using the FinTech industry as a case study, which will be of interest to practitioners in financial technology alongside tech and finance at large.
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Tags: Diversity and Inclusion, FinTech, Leadership
Applied Ethics in a Digital World
IGI
November 01, 2021
Applied Ethics in a Digital World provides an analysis of the ethical questions raised by modern science, technological advancements, and the fourth industrial revolution and explores how to harness the speed, accuracy, and power of emerging technologies in policy research and public engagement to help leaders, policymakers, and the public understand the impact that these technologies will have on economies, legal and political systems, and the way of life. Covering topics such as artificial intelligence (AI) ethics, digital equity, and translational ethics, this book is a dynamic resource for policymakers, civil society, CEOs, ethicists, technologists, security advisors, sociologists, cyber behavior specialists, criminologists, data scientists, global governments, students, researchers, professors, academicians, and professionals.
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Tags: Digital Transformation, Digital Disruption, Culture
Building a Digital Future
Wiley
April 15, 2021
The rise of remote work and the rapidly increasing use of cloud technologies are just two drivers of the relentless pace of digital disruption. Despite this, many companies remain underequipped or hesitant to embrace digital transformation. Understanding the key drivers of change and leveraging the powerful capabilities from technologies with a collaborative platform can aid an organization to prepare for digital transformation. Building a Digital Future provides a clearly defined roadmap for executing this change with Microsoft Dynamics 365.
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Tags: Digital Disruption, Digital Transformation, Leadership
Banking opportunities in the Web3 world
IFTA
November 29, 2022
Banking opportunities in the Web3 world
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Tags: FinTech, Metaverse
Early stage capital lifting context
Open Finance 2020
November 22, 2022
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Tags: FinTech, Startups
Building Sustainable Economies with the Women at the Centre
Nations Of Women, United Nations
March 31, 2022
The connection between women's economic participation and prosperity is undeniable. Long term economic, human and environmental capital investments are critical to Sustainable development. At present, half of the world's human capital is underutilised and undervalued globally.
Women – and their potential contributions to social, economic and environmental protection – have been marginalised. Better use of the female population would significantly impact economic growth, poverty reduction, social being and sustainable development in economies. The gender gap needs to be closed through enlightened government policies and consider this critical dimension.
We have always known that women entrepreneurs play an essential role in supporting inclusive economic growth. The pandemic has made it more evident that countries ignore women's role as job creators, employees and contributors to economic expansion at their peril.
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Tags: Diversity and Inclusion, Entrepreneurship, Sustainability
Financial intelligence for entrepreneurs and intelligent investors
The World Investors and Entrepreneurs Summit
March 27, 2022
Financial intelligence for entrepreneurs and intelligent investors at WISE, WISE 2022 brings together a global ecosystem of investors (angels, family offices, venture capital, private equity) and successful entrepreneurs to create new opportunities, partnerships, collaboration, acquisition, and investment.
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Tags: Entrepreneurship, Leadership
FINTECH MASTERCLASS
FINTECH FESTIVAL INDIA
March 03, 2022
The global payments industry has seen more innovation than the previous decades combined – from mobile payments, contactless payments, real-time transactions, embedded payments, growing digital wallets, QR codes to tokennization through cryptocurrencies and CBDCs. The growth in the payments industry is accelerating and revenues from it are set to reach $2.9 trillion by 2030.
This is why CFTE’s Payments masterclass is designed to give you the skills you need to understand the current transformation the payments industry is undergoing and how it is changing financial services. With this masterclass, you will have the chance to learn the real-world applications of new technologies and innovations in digital payments from an industry expert at the forefront of fintech innovation.
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Tags: FinTech
Hult Prize Event
Hult International Business School
January 03, 2022
The COVID-19 pandemic has exacerbated the hunger crisis across the world, and one of the best ways to address this challenge is to ignite the mind of students to come up with solutions.
Thapar Institute of Engineering and Technology (TIET), Patiala hosted the preliminary round of the Hult Prize Foundation competition in December 2020 to showcase student-led innovations which can solve pressing social issues.
Considered as the “Nobel Prize for students,” the Hult Prize is an impact-focused programme which serves as a platform for events and training for students across the world to create a pathway for them to take action to build a better world. It provides a $1 million grant for award-winning solutions.
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Tags: Innovation, Startups, Leadership
AI in Financial Services and Fintechs
AI World Summit
December 01, 2021
How superfluous is AI-Powered or powered by AI Digital marketing by some financial institutions
The potential annual value of AI and analytics for global banking could reach as high as $1 Trillion
What's required for AI Transformation or AI-first organisation, what are the challenges
Being Ethically Digital is still the most significant challenge
Want to know more in-depth?
Feel free to join us as we are drawing near to the phenomenal AI World Summit 2021/22 event happening this week on Wed, 1st Dec 2021 @9AM - 9 PM SGT (GMT +8).
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Tags: AI, Digital Disruption, FinTech
Payments Innovation & Trends - Singapore Fintech Festival
Singapore Fintech Festival
November 10, 2021
Digital Payments, Innovation and Trends at Singapore Fintech Festival 2021
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Tags: FinTech, Innovation, Leadership
Fintech Products and Investments Trend from Ritesh Jain | Payments Trends
CFTE
November 10, 2021
At the Singapore FinTech Festival 2021, CFTE hosted a whole new event format called 5x5x5: The Fintech Brain Power - 5 global experts shared in 5 minutes their ideas on Fintech, Payments, Open Banking, and AI with just 5 slides.
Listen to Ritesh Jain, Co-Founder of Infynit where he discusses the latest trends in payments!
Ritesh shares how BNPL, cryptocurrency, contactless payments, investments are changing the finance industry.
Learn all the skills of payments and get accredited with our Payments specialisation https://bit.ly/33tRNz0
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Tags: FinTech
Do Digital Assets Call for Innovative Regulations
CFTE
November 04, 2021
From gold to fine art, by representing physical assets as digital tokens on a DLT or blockchain, it's possible to unlock the value of real-world assets and exchange them in real-time. Do you agree?
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Tags: Blockchain, Cryptocurrency, Leadership
Chair - Digital Transformation in Banking
Kinfos , Digital Transformation in Banking Summit
October 13, 2021
Digital Transformation in Banking Summit - Nordics
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Tags: Digital Transformation, FinTech, Leadership
Fintech Ecosystems and their roles.
University of East London
September 21, 2021
Do you want to want to know what is it like to work within the #Fintech Industry?
Please join us at Ritesh Jain, the Co-Founder at Infynit as he shares his personal experience within the industry.
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Tags: FinTech, Innovation, Leadership
Fintech Future
IIT Kanpur, Startup Incubation Centre
September 07, 2021
Future of Fintech during Hackathon 2021 @ IIT Kanpur, India
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Tags: Cybersecurity, FinTech, Leadership
AI in Payments - Conference Chair
Kinfos, AI In Payments - Americas
June 24, 2021
Artificial Intelligence (AI) is here for quite some time and is successfully being used in banking applications like Fraud Analysis and Customer Risk Scoring but with a limited scope. With such high expectations for the technology in payments and in myriad other industries, what will AI actually mean for consumers and merchants? What types of problems do payments technology companies and financial institutions expect to solve by deploying AI and other similar technologies?
AI and machine learning is quickly becoming a valuable tool for payments companies and financial institutions to reduce fraud in all environments, but particularly in securing e-commerce transactions. Through machine learning algorithms, payments companies can analyze more data in new and innovative ways to identify fraudulent activity. With AI and ML, payments companies can search rapidly and efficiently through this data beyond the standard set of factors like time, velocity and amount.
Through our research we have identified that the Payment Industry is on the cusp of reforms and players are eager to implement AI for efficient payment processing. There are many areas within payment processing where AI has a great potential to succeed.
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Tags: Ecosystems, FinTech, Leadership
Payments Solutions in Digital Banking
CFTE, EBTN
May 11, 2021
We wrapped up an intriguing webinar on ‘Payment Solutions in Digital Banking’ yesterday, that completely revamped our payments outlook for 2021 and going forward.
The webinar covered key trends in payments like:
Growth in Contactless Payments
#Omnichannel Experience
The #BuyNowPayLater Business Model
Technological Evolution
Financial Inclusion
The event also included an engaging panel discussion on the importance of #payments, the rise of digital currencies like #crypto and emerging innovations across the landscape.
We were delighted to co-organise this insightful event and thank our partners EBTN - The European Banking & Financial Services Training Association and Budapest Institute of Banking..
..along with a wonderful lineup of speakers including Fabian Vandenreydt, Ritesh Jain, Gergely Fábián and Huy Nguyen Trieu, for being a part of it!
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Tags: FinTech, Innovation, Leadership
Developer Week - Fintechs and Future of Finance
Dev Network - Developers Week
April 27, 2021
Keynote on Future of Finance and Fintechs in European Developers Week conference.
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Tags: Digital Transformation, FinTech, Leadership
Future of Fintech - Hongkong
https://app.qwoted.com/opportunities/event-mena-future-of-fintech-2021
April 14, 2021
Future of Fintech - Glboal Conference - HongKong
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Tags: FinTech, Leadership
Future of Fintech
MENA Future of Fintech
February 09, 2021
Keynote on Future of Fintech
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Tags: FinTech, Innovation, Leadership
Responsible AI - Ensuring the customer is at the heart of innovation
Arena International
February 03, 2021
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Tags: AI, FinTech, Leadership
entrepreneurship beyond boundaries
Millikin University
January 21, 2021
A Masterclass to MBA Students from Millikin University
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Tags: Business Strategy, Diversity and Inclusion, Leadership
Fintech and Financial Services
Salford University and Gov Tech UK
November 25, 2020
FinTech Future
Discusses the developments taking place within financial services
Ritesh Jain – COO Global Head of Digital Technology Delivery, HSBC/ Senior Lecturer, The Centre for Finance, Technology and Entrepreneurship
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Tags: Digital Disruption, FinTech, Innovation
Importance of Digital Banking Platform in Post COVID19 Environment
IBS Inteligence
October 21, 2020
Importance of Digital Banking Platform in Post COVID19 Environment
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Tags: Digital Disruption, FinTech, Leadership
It’s Not About Open Banking, it’s About Open Finance
HPC AI Wallstreet
September 28, 2020
Afternoon Keynote: It’s Not About Open Banking, it’s About Open Finance
In the afternoon keynote, Ritesh Jain, former COO, Global Head of Digital Technology Foundation, HSBC, tackles another timely topic. Open banking, he says, has broken up the silos around one of banking’s main functions – payments. Now, he argues, open financing is the next stage of open banking’s development and will open doors to new FinTech, new business models, and personalized, cheaper and faster services to customers.
Broadly, open banking started with Payment Service Directive 2 (PSD2) in Europe. Jain says, “Open banking has proven the model that open finance regulatory bodies needed to navigate through risks of data abuse, security standards, use of ethical AI to name a few.” Now it’s time to take the next steps with open finance, he contends.
In terms of enabling technology, he cites API, cloud, and AI as key players. Jain’s talk will cover – what is open banking, the global landscape and business models; why open finance is a natural next step form open banking; and threats and opportunities in open finance.
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Tags: FinTech, Innovation, Leadership
The Road to Digital Transformation - Getting there while avoiding the potholes.
CDM Media - CIO Conference
September 22, 2020
A Keynote on The Road to Digital Transformation - Getting there while avoiding the potholes.
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Tags: Digital Disruption, Digital Transformation, Innovation
UPI Concentration Risk
The Hindu Business Line
January 30, 2023
My views on UPI concentration risk in The Hindu businessline today!
When the government introduced Unified Payment Interface (UPI) in 2016, nobody, even in their wildest dream, imagined the kind of success it would achieve in a short period. It has changed the face of payments in the country and has become the epitome of digital payments worldwide.
UPI has influenced Fednow, an instant payments system in US and P27, real-time and cross-border payments in the Nordics. While the real-time payment transfer system was an instant hit, it created an entirely different challenge of market concentration for the government in India – the interface is dominated by PhonePe and Google's GPay. PhonePe has nearly 50% market share with recent funding and valuation as one of the largest fintech in the country, followed by Google Pay with over 34% & Paytm has a 10% share, and these transactions' value could reach INR 10 trillion by 2026
Reserve Bank of India (RBI) is now contemplating a solution to end the duopoly in payment through capping, it initially planned to kick in this year, but now it is delayed. However, it will take a few more years with a strategic plan to support new entrants for their growth, ultimately introducing a cap on market share to avoid market concentration. Ongoing development and new initiatives around UPI make it imperative to deal with concentration risk as the highest priority.
Link is in comment:
#fintech #payments #bank #marketconcentration #concentrationrisk #upi
Hamsini Amritha Reserve Bank of India (RBI) National Payments Corporation Of India (NPCI)
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Tags: FinTech, Metaverse, Open Innovation
Fintech Disruption Guide 2021
NetGuru
March 03, 2021
Over the years, we have been working closely with companies like Solarisbank, Moonfare, Paysafe, and many big European banks, and building an engaged community of experts, thought leaders, and great minds. Across the Disruption series of events and publications, they generously share their knowledge and experience on critical aspects of the industry to help others succeed. And Disruption Guide Fintech 2021 builds on that foundation.
Whether you’re a fintech startup looking for funding, a venture capitalist hunting down your next big opportunity, or an established player building on your success, this guide is designed to help you get ahead.
We've gathered insights and opinions from industry leaders to guide you through all aspects of the market. Get up to speed on everything from the fastest-growing startups and fintech unicorns to watch in 2021 to the technology and innovation trends shaping the industry.
In this guide, you’ll find expert insights, major trends, and essential data covering the fintech industry neatly divided into five categories: Money, Network, Insights, Technology, and Environment.
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Tags: FinTech
Innovating in a Crisis
Financial Times
September 28, 2020
The Covid-19 pandemic has forced
a rapid transformation of the UK
banking sector.
The crisis has affected almost every aspect
of operations, from employee productivity to
customer services. Banks have also been forced
to move fast to support large-scale government
lending schemes, and ensure they are adequately
prepared for a potentially lengthy recession.
However, amid the turmoil, some positives
have emerged. Banks have shown they can
surmount greater obstacles, act faster and be
more innovative than was widely perceived prior
to the pandemic. Many of the positive changes
made in 2020 seem likely to become permanent
improvements for employees and customers alike.
These were among the findings from a survey we
conducted to better understand how UK banks
were affected during the first half of 2020.
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Tags: FinTech, Innovation, Leadership
Covid crisis sparks innovation drive at UK banks
Finextra, Financial Times.
September 17, 2020
Covid crisis sparks innovation drive at UK banks
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Tags: Digital Disruption, FinTech, Innovation
Digital Transformation Post COVID-19 and the Role of Resilient Leader
Spotify
March 04, 2020
You are listening to QA talks, a podcast for quality assurance executives implementing digital transformation in their organizations. In this show, we focus on the unique pitfalls inherent in quality assurance and quality engineering and how these executives are navigating them to position their organization for the future. Let’s get into the show.
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Tags: Digital Transformation, Emerging Technology, Leadership
Digital Branchless Banking: A Revolution Awaits
Center for Innovation in Public Policy
September 01, 2021
The absence of innovation in India’s banking system is being blamed as one
of the causal factors holding up credit and, hence, slowing down the Indian
economy’s growth in recent years. Yet, away from the all-pervading
negativity, the new digital banking licenses will not only change the way
customers interact with banks but points towards a revolution that will
redefine India’s next-generation banking. For sure, most banks have started
offering some or all of their services to the customers digitally—the great
big leap that awaits is branchless banking.
By its very nature, digital banking does not require branches as the
customer is acquired and serviced online. This fundamentally changes the
incumbent business model of Indian banks. India’s banking regulations
have bank branches as their implementation focus; especially, targets
relating to priority sector lending and urban-rural branch ratio are all
branch based. Hence the natural inertia in dismantling the regulations to
allow branchless banking or digital banks to come. Ushering in digital
banks also poses a direct threat to the core of incumbent banks where the
largest cost is the branch and its employees.
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Tags: Digital Disruption, Digital Transformation, FinTech
The Future is Open
Arena International
June 01, 2021
The transition to open banking is a transition from the traditional, vertically integrated model of exclusive providers to one that offers choice. The force behind open banking is the massive shift in customer behaviour, digitisation, market concentration and growing fintechs, competitive landscape. The global pandemic has further accelerated this evolution by forcing entire segments of commerce and financial services to move online overnight.
Open Banking is a paradigm shift with two central pillars: data and a relatively old technology that has become mainstream: APIs.
However, the whole game of innovation evolves & revolves around the data. Fintechs/ challengers using the data in creative ways to build innovative products and services, whereas the challenge for incumbent banks lies in re-inventing themselves by transitioning to new business models by becoming a platform, distributor or producer.
New entrants bring innovation into the banking and payments ecosystem to enhance customer value proposition, pushing beyond financial value into social & ethical Finance and hope for financial inclusion.
Disruptors enrich revenue-generating business models, marketplaces, platforms, building partnerships based on data sharing and Open API's, fuelling collaboration, bringing economies of scale and beneficiary to overall ecosystem stakeholders. And this drive, diversity, and openness of open banking should be judged by the level of an unbiased open-minded approach towards fintech & tech players.
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Tags: Entrepreneurship, FinTech, Leadership
Fintech the future of financial services.
Corporate Investment Times.
February 25, 2021
“Pandemic – an unplanned social experiment will have a long-lasting impact on the financial services and how customers will perceive value in future.”
There has been an unprecedented jump from traditional service offerings to digital services due to the Coronavirus pandemic. Traditional banking services have already become out-dated before the pandemic hit. In the aftermath, digital services, contactless payments, virtual banking and cross-border transactions are quickly becoming the new normal.
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Tags: Digital Transformation, FinTech, Leadership
The Future of Digital Banks
The Global Banking and Finance
February 03, 2020
By Ritesh Jain, COO|CTO, Former Global Head of Delivery – Digital Tech Foundation, HSBC.
Digital transformation is what the global industry of all sectors are heading towards. The banking sector is nowhere behind in this race of transformation. It is time to bring a substantial change or get lost in the digital waves. In the coming decades, we will witness a much rapid change in the bank and customer alliance, and the coalition of different sectors with financial sectors and FinTech collaborations.
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Tags: Business Strategy, FinTech, Leadership