The Economic Times Unwired Transformation In Banking-2.0

Capitalizing on Transaction Banking

The pandemic has pushed banks to transform their business models and reinvent themselves. Digital adaptation started off as an option but has changed into a requirement in every bank’s agenda as end consumers, businesses, and governments are quickly adopting trends cascading from the technology sector in their tech capabilities, operations and businesses.

With supply chains reaching beyond boundaries, business houses are pushing banks to provide transaction banking products that are convenient and of benefit to their business. Corporates are looking for greater value from banks by way of solutions that combine numerous traditional products, custom-made products, multi-bank aggregation, interaction across functions like payments, trade, cash and liquidity. The need is for all-in-one solutions for data that concerns their working capital, their cash requirements, payments, etc. In fact, it is a dashboard that they are expecting. To some extent, the transaction banking that some of the banks offer does provide such conveniences.

So, the question is whether banks in India have been able to cater to these disparate requirements?

The transaction banking space holds great potential and it is anticipated that this space will develop at an intense pace and result in an increase in the number of universally designed products and offerings. In this webinar, we will explore in-depth the phenomenon developing in the transaction banking landscape by identifying key global trends and changes to the end business ecosystem, as well as the different degrees of trend occurrence and maturity across key industries. We will then deliberate on current sate of corporate / transaction banking in context to Indian banks, with focus on SMEs and MSMEs. And finally, we take a glimpse into the road ahead, vis-à-vis the pandemic.

VOD

Speakers

Ashok Gautam
Executive Director & Head Treasury
IDBI Bank

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

Hitesh Sethia
Head – Transaction Banking Business
ICICI Bank

Paritosh Mathur
Head, Corporate Banking
IDFC First Bank

Ritesh Jhingan
Vice President, Global Head of Cash Management
Finastra

Shekhar Bhandari
President – Global Transaction Banking
Kotak Mahindra Bank

Udayan Ray
Founder – FundooMoney, Former Editor
Outlook Money

Veena Rao
Vice President, Global Head of Connected Corporate Banking
Finastra

Vivek Gupta
President, Wholesale Banking
Axis Bank

Agenda

14:45 – 14:55

Registration

14:55 – 15:00

Opening Remarks by The Times Group

 

 

15:00 – 15:30

Thought Leadership: Marching into the Next Decade - What's Changing and What Isn't

Talk points:

  • COVID-19 – Navigating the impact on the financial ecosystem
  • Making the right move in digital banking services
  • Scaling up corporate / transaction banking and revenue from SMEs & MSMEs

Speakers:

  • Ritesh Jhingan, Vice President, Global Head of Cash Management, Finastra
  • Shekhar Bhandari, President - Global Transaction Banking at Kotak Mahindra Bank
  • Vivek Gupta, President, Wholesale Banking, Axis Bank
  • Moderator: Udayan Ray, Founder – FundooMoney, Former Editor - Outlook Money

15:30 – 15:35

Change of Session

 

 

15:35 – 16:30

Panel Discussion: The Indian Corporate Banking Scenario in the Age of Space Travel! 

Talk points:

  • Building a dynamic credit decisioning framework
  • Cash management, trade finance and supply chain
  • Simplifying physical and electronic receivable and payable products
  • Potential innovations that can create opportunities with clients
  • Tapping the untapped - focus on SME & MSMEs
  • Client experience – The corporate side story  
  • Global transaction banking challenges – fraud, cross border payments and likes

Speakers:

  • Ashok Gautam, Executive Director & Head Treasury, IDBI Bank
  • Brijesh Mehra, Head - Corporate, Institutional and Transaction Banking, RBL Bank
  • Hitesh Sethia, Head - Transaction Banking Business, ICICI Bank
  • Paritosh Mathur, Head, Corporate Banking, IDFC First Bank
  • Veena Rao, Vice President, Global Head - Connected Corporate Banking & Channels, Finastra
  • Moderator: Udayan Ray, Founder – FundooMoney, Former Editor - Outlook Money

      16:30

Close of the Session
Mr. Ashok Gautam is finance professional with 35 years of experience in various tenets of banking; such as Treasury, Relationship Management, Credit, International Banking, Branch Management, Trade Finance etc.

Mr. Gautam is presently Executive Director & Head Treasury with IDBI Bank Ltd., with added responsibilities of Cash Management Services, Government Business Group & Financial Institutions. He was most recently Executive Vice President and Head Financial Institutions Group (FIG) at Axis Bank and held positions of Head Global Markets, Treasury and Head Transaction Banking – Corporate & FI at Axis Bank.

During his over 22 years’ experience in State Bank of India Mr. Gautam headed the first Central Treasury of the Bank at Hong Kong covering all branches from Sydney to Male, Treasury at Singapore office and the Regional Dealing Room at Overseas Branch New Delhi, among other leadership roles.

Mr. Gautam has represented Banks at various industry bodies:

• On the Board of Fixed Income, Money Market & Derivatives Association, i.e., FIMMDA as Director.
• On the Board as Additional Vice Chairman and member Managing Committee of Foreign Exchange Dealers Association of India, i.e., FEDAI.
• Secretary, Forex Association of India, i.e., FAI.
• Invitee to the RBI committee on Financial Benchmarks.
• Member of the RBI Working Group on Interest Rate Options.
• Member, India Customer Advisory Board of Thomson Reuters.
• Member, Finance & Banking Committee, Indian Merchants’ Chamber.

Educational & Professional Qualifications:

B.Sc. (Mathematics & Statistics); MBA (Finance);

CAIIB; Diploma in Bank Management; Diploma in Treasury, Investment & Risk Management from Indian Institute of Banking & Finance (IIBF);

Certified Financial Risk Manager (FRM) from Global Association of Risk Professionals, USA (GARP);

Axis Executive Leadership Program conducted by Duke Corporate Education;

Strategic Innovation and Leadership Program by Tuck Executive Education at Dartmouth.
Speaker

Mr. Gautam is frequently invited by Institutes, Trade bodies, Colleges and Associations as a speaker and has addressed various National and International seminars and conferences.

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Mr. Hitesh Sethia is the Head of Transaction Banking for ICICI Bank Limited since June 2019. In this capacity, he is responsible for the cash management and trade finance business for the bank globally. He is also leading digital initiatives and data analytics initiatives in Wholesale Banking for ICICI Bank.

Prior to this role, Mr. Sethia has worked extensively in various international offices of ICICI Bank, giving him rich experience in strategy, risk management, corporate governance, regulatory and compliance matters. Key positions held over the years include Chief Executive- Hong Kong branch, Head of Corporate Banking – ICICI Bank UK Plc (London) and Country head – Germany. He was also one of the early members involved in the setup of the retail and direct banking business for the Canadian subsidiary of the Bank. The functional areas of expertise in these international locations included market scoping, solution building and execution in both retail and corporate banking focused on trade flows, capital flows and remittance flows between India and the respective international geographies.

Mr. Sethia joined the ICICI Group in the year 2000. He is a Chartered Accountant and has a bachelor’s degree in Business Administration. He is also an alumni of Harvard Business School.

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Ritesh Jhingan is the Global Head of Cash Management at Finastra – a leader in Financial Technology Platforms, Solutions and Services.

He is a Product Innovator, Business Leader and Passionate Technologist.

Over the past 25 years, he has shaped several product strategies and serviced hundreds of banks by bringing immense value to Banks’ Corporate customers – large and small.

In his present role, Ritesh has re launched the Cash Management business at Finastra with a global customer spread – adopting Open Banking as a core driving philosophy, embracing the Fusion Fabric Dot Cloud platform, Connected Corporate Banking, industrialized Integrated Solutions, leveraging Data to establish contextual benchmarks that make a material difference to Banks and Corporates.

While this brings organic growth to the business, he is also working on establishing marketplace innovation models for faster go-to-market of services that banks would like to offer their customers.

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Shekhar Bhandari is President of Global Transaction Banking at Kotak Mahindra Bank. He is responsible for P&L on Trade, Foreign Exchange on Flow business, Investment and Supply Chain Finance, International Trade Finance, Domestic and cross border payments culminating into liquidity and working capital solutions for all businesses of the bank i.e. Consumer Bank, Commercial Bank and Wholesale Bank.

As a well-rounded banker with experience in retail and wholesale banking, Shekhar has demonstrated track record of creating business impact by building new revenue streams and leapfrogging growth in every business he has undertaken. He is instrumental in making Kotak global with innovative, customised solutions. Shekhar is passionate about technology, and is continuously striving to make Banking “Simple and Fast”.

Shekhar started his career with Kotak Mahindra Group in 1996. In his innings of over 23 years at Kotak, Shekhar has held diverse positions of increasing responsibility across various group companies such as Kotak Mahindra Finance Ltd, Kotak Mahindra Asset Management Company and Kotak Mahindra Old Mutual Life Insurance.

Under Shekhar’s stewardship, the Bank has won several global accolades. He was awarded “Transaction Banker of the Year in Asia pacific” by The Asian Banker in May 2019.

Shekhar has completed his Chartered Accountancy (All-India 25th rank). He is an Associate Member of the Institute of Chartered Accountants of India, an Associate Member of the Institute of Company Secretaries of India and a Graduate Member of the Institute of Cost and Works Accountants of India. Shekhar is also Member of precious metals oversight committee governed under Financial Conduct Authority. He is a regular speaker at various industry forums globally.

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Veena is the Vice President & Business Head for Connected Corporate Banking and Fusion Corporate Channels at Finastra. She has over 25 years’ experience in financial services and banking technology. She started her career with India’s leading private sector bank, ICICI Bank, where she built skills across project finance, corporate banking, forex treasury and relationship banking functions. She moved over to Banking technology managing Presales for FLEXCUBE at Oracle Financial Solutions followed by a stint in HCL Technologies to launch the product incubation unit for banking. At Finastra, Veena has been instrumental in actively launching an ecosystem of fintech apps on FusionFabric.cloud to help banks harvest the potential of the fintech revolution and the open banking paradigm.
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