“Evolution of banking and the role of technology”: LR Ramchandran, NABARD

  • 18-08-2018 13:00:22
  • Banking and Finance

LR Ramchandran, CGM – Financial Inclusion & Banking Technology, NABARD at 3rd BFSI CTO Summit, Goa

“Banking is not an easy operation; it is a very complex activity. Digital transactions might look an easy activity but it involves a lot of touch points as far as cyber security measures are concerned. The sector has undergone a massive change. Banking activities that earlier needed human intervention, are now handled by machines. When technology was introduced in banking and operations started witnessing paradigm shift, the Reserve Bank of India (RBI) took several transformative measures to reinvent the entire banking industry and take it to the digital platform, at the same time ensuring safety and security.”

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