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.
Executive Director & Head Treasury
Head – Corporate, Institutional and Transaction Banking
Head – Transaction Banking Business
Head, Corporate Banking
IDFC First Bank
Vice President, Global Head of Cash Management
President – Global Transaction Banking
Kotak Mahindra Bank
Founder – FundooMoney, Former Editor
Vice President, Global Head of Connected Corporate Banking
President, Wholesale Banking
14:45 – 14:55
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
15:30 – 15:35
Change of Session
15:35 – 16:30
Panel Discussion: The Indian Corporate Banking Scenario in the Age of Space Travel!
Close of the Session