Fireside Chat with Deepak Sharma, Board Member (Independent Director), Suryoday Small Finance Bank
BFSI Technology Conclave 2024 | DAY 2 | 11th May 2024 | Sheraton Grand, Pune
In this video:
Fireside Chat with Deepak Sharma, Board Member (Independent Director), Suryoday Small Finance Bank & Srikanth RP, Editor, Express Computer
Topic:
Financial Services Growth in an Era of Technology Innovation & Regulatory Environment
Key Highlights:
[1] For the BFSI sector, every single aspect of business is going to get reimagined with the lense of technology. Further, we are going to see a plethora of businesses being built on the back of data.
[2] Technology is also impacting the Regtech area as well. It can be seen as we witness the evolution of regulations.
[3] In the BFSI sector the regulations are stringent and this does make the role of CIOs a little challenging.
[4] CIOs should try to make the board understand when there’s a need to adopt any new technology in simple and easily understandable terms. It is challenging, but it is needed to ensure the form remains relevant and competent in the industry.
[5] There will be some banks who have adopted technology. They will turn into a fintech but in a regulated environment.
[6] You will not see a big arbitrage or gap between banks and fintechs in the times to come given the evolving regulations.
