The Economic Times UnWired Transformation in Banking

The depth and breadth of the COVID-19 pandemic has been unprecedented. Its impact is forcing banks and their corporate customers, both in the Asia, as well as worldwide, to come to terms with a new reality in the workplace. Alongside the shift towards remote working, the uncertainties and market turbulence triggered by the outbreak have demanded a greater focus on realigning current priorities to future roadmaps.

However, the pandemic has not been kind to either the banks or their clients, with growth seeming to be tepid at best. During such times, banks, while working on stabilizing their own operations either by adjusting their workforce or by deploying digital-first services, are witnessing a huge increase in requests from various industries, all seeking to ensure business continuity stabilizes through generating the necessary financing. This has further come at a time when the government has made policy announcements, encouraging banks to provide more credit to SMEs and other large corporations. To be able to service this new reality, banks are revisiting their services to ensure that they provide a future-proofed competitive offering and service.

One such key focal area within the financial ecosystem for banks in India will be primarily in Corporate and business banking. Corporate banking, under the present circumstances, can not only be seen as a key profit centre for banks, but as an area for businesses to engage in multiple financing and risk mitigating strategies during a volatile, uncertain, complex and ambiguous market.

The need for simple, real time and end-to-end corporate banking experience in areas such as lending, cash management, specialized financial solutions like trade and supply chain finance, leasing, factoring, structured finance and capital markets (including commodities and forex) promises to transform the banking segment in India. These activities can act as an antidote for businesses against the devasting socio-economic effect of the virus on them. We are witnessing that coronavirus is pushing organizations to innovate today, for what they would have planned to execute in five years down the line, with digitization seeming to be the underlining strategic attribute designed to rehauling all business functions within corporate banking.

Against this milieu and the familiar words we hear every time we board a civilian aircraft – please put your oxygen mask on before helping others, the question is no longer should banks expand and digitize services, but, rather, how can they deliver a transformation that best prepares themselves and their clients to handle uncertain times and create opportunities from crisis.

Webinar Video

Speakers

B.S. Sivakumar
President & Key Leadership Team Member
Kotak Mahindra Bank

Brijesh Mehra
Head, Corporate, Institutional and Transaction Banking
RBL Bank

J.K. Vishwanath
Head – Corporate Banking
DCB Bank

Luc Hovhannessian
Managing Director, Indian Subcontinent, ASEAN and Australia New Zealand
Finastra

Shri Mahabaleshwara M S
Managing Director & Chief Executive Officer
Karnataka Bank

Tim Tyler
Senior Industry Principal, Corporate Banking
Finastra

Agenda

11:10 – 11:25

Registration

11:25 – 11:30

Opening Remarks by The Times Group

 

11:30 – 13:00

 

Topic of Discussion - Navigating Businesses through the Economic Storm

 

 

11:30 – 12:00

The CEO Fireside Chat: Realigning Strategies

Talk points:

  • COVID-19 –Navigating the impact on the financial ecosystem
  • Big decisions for CEOs right now
  • Growth via partnerships and emerging business models: Vision 2025

12:00 – 12:05

Change of Session

 

 

12:05 – 13:00

Panel Discussion: A New Way forward for Banking in India 

Talk points:

  • Building a dynamic credit decisioning framework
  • Digitizing corporate & commercial banking offerings and automated processes
  • Digital transformation: higher growth and profitability for banks
  • Improving client connectivity and reducing servicing costs through multi-channel corporate banking experience
  • Using data analytics and insights to improve client experience

      13:00

Close of the Session
Luc Hovhannessian is the Managing Director for the Indian Subcontinent, ASEAN and Australia New Zealand at Finastra. He is responsible for driving the company’s regional growth strategy, strengthening its local footprints, accelerating sales and deepening customer partnerships across the region.

Passionate about technology, Luc has 20 years of experience working with software houses in the United states, Europe and now Asia. His key focus at Finastra is to drive innovations and digital transformation by leveraging highly innovative Finastra’s platform for open innovation, FusionFabric.cloud.

Prior to this role, Luc was Managing Director for Asia South at Itiviti, a global financial software provider, where he grew the business and allowed the organization to develop in 10 new countries in Asia. His obsession for client satisfaction comes from his previous assignment as COO where during his service, he managed and transformed the business of the organization and successfully kick off the Cloud business.

Luc has a Masters’ Degree in Computer Sciences and Artificial Intelligence from Paris University.

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Shri Mahabaleshwara M S took charge as Managing Director & Chief Executive Officer of Karnataka Bank on April 15, 2017. Upon successful completion of his first term of three years, he has been re-appointed by RBI for a further period of 3 years from 15th April 2020.

Shri Mahabaleshwara M. S, born on 11.04.1959, is a Post Graduate in Agricultural Science (MSc.Agri) from the University of Agricultural Sciences, Bengaluru and is a Certified Associate of Indian Institute of Bankers (CAIIB) besides holding Post Graduate Diploma in Business Management (PGDBM). He has over 35 years of rich Banking experience in all the facets of banking operations both at the operational and administrative levels. He acquired abundant experience by attending various seminars / conferences in India and abroad.

He played a pivotal role in the Digital Banking & BPR (Business Process Reengineering) initiatives of the Bank. Further, the Bank has taken up transformation exercise named „KBL-VIKAAS‟ under his leadership to reposition the Bank as Big, Strong, Vibrant and the „Bank of the Future‟. The Bank has surpassed „Rupees One Lakh Twenty Eight Thousand Crore Business‟ as on 31.03.2020 under his able leadership.

He also served as the Non–Executive Director on the Board of Universal Sompo General Insurance Co. Ltd., as the nominee director of Karnataka Bank. Presently, he is a member in the Management Committee of the Indian Banks‟ Association (IBA), Mumbai.

He hails from Malnad Region, Mavinakudige – Thotadur of Chikkamagaluru District of Karnataka State and has done his early schooling at „Govt. Primary & Middle School‟ Bashrikatte and Shree Sadguru High School, Chikkamagaluru District. Later on he moved to Bhandarkars College, Kundapura for his Pre – University course and to

University of Agricultural Sciences, Bengaluru for under graduate and post graduate courses.

He is honoured with (i) “Shree Krishnanugraha Prashasti” by his Holiness Shri Shri Vishwesha Theertha Swamiji, Pejavar Mutt, Udupi (ii) “Aryabhata International Award of 2017” by Aryabhata Cultural Organisation (Regd.), Bengaluru (iii) “Narasimha Prashasthi” by Koota Mahajagatthu, Bengaluru (iv) „Certificate of Honour‟ from Sri Sri Sri Subudhendrateertha Swamiji of Shri Raghavendra Swamy Mutt, Manthralaya, in recognition of his praiseworthy contribution to the field of banking. He has also been conferred with the prestigious „CEO with HR Orientation Award‟ at the 27th World HRD Congress summit presented by „ET Now‟ in the year 2019.

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Tim entered financial services through engineering and moved to delivering year on year growth whilst in product management, Tim now works in solution consulting as a global industry principal.

With a strong background in digital – “front to back squared” – Tim works closely with banks, partners and the wider organisation to deliver the best solution for every client. Where the horizontal is as important as the vertical, Tim can bring together the core, cash and liquidity, trade and supply chain, lending and payments. From sole trader to SME to MNC and NGO – corporate banking to the power of X.

Using his experience of communicating at all levels within banks and other organisations globally, as well as public speaking, Tim leverages his business and technical background to evangelise, eulogise and strategise.

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