Author - unwiredcp

It’s better late than never!

The BFSI industry has rapidly seen the proliferation of emerging technologies such as machine learning, AI, Cloud, IoT and Blockchain to the extent that they have been widely regarded by experts as the fastest adopter of technology. The present volatile economic conditions have accelerated the adoption of these technologies as companies in this sector look to generate more revenue by expanding markets, retaining customers and designing a seamless experience.

According to a research report, the financial services sector’s top motivations for modernising its IT infrastructure are to gain greater control of IT resource usage (59%), and to gain the speed (58%) and flexibility (55%) needed to meet business requirements. In these journeys of transformation, cloud and cloud computing have played a critical role.

Cloud services today can present benefits such as unlocking the power of data and analytics in order to overhaul a process, project or product as business leaders look to balance complexities such as changing customer behaviour & expectations while modernising their IT systems simultaneously. Cloud service providers can also help companies build trust with customers by providing security solutions as well.

A PwC study showed that 69% of CEOs in the financial services sector are either moderately or highly worried about cyber-threats, and 65% of these firms said they have implemented cloud-based protection controls.

Join The Economic Times Live Webinar, Business Continuity in Uncertain Times using cloud services, powered by AISPL, for unlocking the true potential of your business.

Learn about how legacy companies can change for the better by offering solutions custom-built for financial institutions to manage risk, streamline operations, and sustain growth.

Key Takeaways:

• Ensure data integrity with secure infrastructure
• Build and operate high-performing resilient systems
• Analyse process data to uncover what is important
• Automate workflows with the right action at the right time
• Bring elegant customer experience

Ajinkya Garde
IT Head
Bharati Sahakari Bank Ltd.

Dhirendra Pratap
Chief Technology Officer (CTO) and Co-founder
Finflux

Nehal Mehta
Head – Business Development – Financial Services Sector
AWS India/SAARC

The digital workplace will never be same again. As the global economies are recovering from the pandemic, evolving beyond is imminent threat. And with that, the move to cloud applications and Unified Communications is fast becoming a standard for enterprises targeting business continuity, global collaboration, and productivity.

Organisations around the world are harnessing the power of the cloud to empower their people to work as effectively and collaboratively as possible. When a business expands, its people need to be brought closer. A cloud-based collaboration suite for messaging, video, voice, and conferencing ushers an Enterprise into a New World of Communication with renewed collaboration and efficiency.

Microsoft Teams Solutions by Tata Communications offer a cloud-based collaboration suite for messaging, video, voice, and conferencing. The Tata Communications and Microsoft partnership smashes through the siloed working infrastructure with a 24*7 real-time collaboration.

Join The ET Unwired Collaboration Series: Future Ready Enterprises in the Digital-First World, powered by Tata Communications and Microsoft to learn how to enable seamless global communication across your enterprise.

Key Discussion Areas :

• Improving productivity through seamless and agile collaboration suite.
• Manage a consolidated audio, video, and web conferencing infrastructure under a single framework.
• Single glass pane infrastructure for monitoring and administration.

Kaartick Ramasubramanian
Solutions Engineering Lead – South
Tata Communications

Sanjay Iyer
Director – Technology Solutions
Microsoft India

The global pandemic has put unexpected pressures on businesses of all sorts in a way that has never been projected in any business continuity programs. From business continuity, resilience and cost optimization it is critical for businesses to be able to overcome new and evolving challenges. Cloud migration and optimization enable organizations of all size to be able to blend resources, budget and security all in one place.

The journey to public cloud requires an experienced partner who can help you define an approach that addresses your business goals. In most cases organizations that have adopted cloud solutions do not know if they are realising the full potential of its capabilities or cost saving ability.

This discussion will help business leaders understand the industry best-practice approaches to cloud deployment and cost optimization when shaping their strategy.

DISCUSSION OUTLINE | SEAMLESS CLOUD TRANSFORMATION JOURNEY – CREATING NEW VALUES THROUGH POWERFUL DIGITALIZATION

• Agility which cloud applications can bring to any infrastructure and their potential for growth
• Efficient strategies for managing complexity in multi & hybrid cloud deployments
• Understanding and identifying the top 3 cloud trends for the future
• Controlling and automating security across multiple clouds and applications
• Importance of application modernization through cloud platforms to boost agility

Dhaval Pandya
Corporate CIO
Piramal

Jai Prakash Sharma
Vice President – Technology Operations
Info Edge India

Manjunath Prasad
Head IT
T V Sundram Iyengar & Sons

Mohit Gupta
Chief Information Security Officer
MothersonSumi INfotech & Designs

Rajesh Awasthi
Global Head -Managed Hosting & Cloud Services
Tata Communications

Dipankar Chakrabarti
Executive Director & Chief Data Control Officer
PwC India
Moderator

You snooze. You lose.

All industry sectors including manufacturing have had to keep their eye on the ever-changing technology and market needs, and adapt to these circumstances to not only ensure that they operate optimally but also become resilient to future shocks. And technology, especially cloud computing, has emerged as the one constant that has played a critical role in these transformation journeys.

According to IDC’s COVID-19 Impact on IT Expenditure Survey, May 2020, 64% of organizations in India are predicted to raise demand for cloud computing and 56% for cloud applications as a consequence of the pandemic’s spread. Cloud computing adoption is gaining traction in India and is rising at an exponential rate.

With increasing business complexities, business leaders need to focus their resources on optimizing production, creating new smart-product business opportunities, and improving operational efficiencies across the value chain by upgrading their IT infrastructure that is able to collect and centralize mass amounts of operational data, enable rich analytics, and provide actionable insights. And cloud service providers can offer just that with benefits such as improving operations, innovating faster, lowering IT/OT costs and enhancing security using RPA, machine learning, AI and transforming existing plants into smart factories.

Join The Economic Times Live Webinar, Business Continuity in Uncertain Times using cloud services, powered by AISPL, for transforming your business.

Learn about how legacy companies can change for the better by helping you build, train, and deploy models to generate better data, more accurate analysis, and faster production.

Key Takeaways:

• Increase industrial equipment performance
• Improve product quality and quality control
• Boost operational efficiency everywhere, even in remote edge locations
• Develop smarter, more accurate forecasts

Manish Thakar
Information Technology Consultant
Hitachi Hirel Power Electronics Pvt. Ltd.

Ramakrishnan Saravanan
Business Development and Strategy Lead – SMB, Amazon Internet Services Private Limited (AISPL), AWS
India and South Asia

The $5 billion 1MDB scandal in Malaysia that first came to light in 2015, brought sharp focus on Anti-Money Laundering (AML) regulations and their implementation in South East Asia.

Leading experts and organization’s estimate that the current global pandemic has boosted money laundering globally after a sharp spike in online banking.  A large number of digital banking transactions were accompanied by rising transactions from unverifiable identities. This is expected to have substantially augmented an illegal activity that was already worth $1.6 trillion before the onset of the pandemic.

Since regular bank transactions and, export trade, where banks again come into the picture, are key routes to money laundering, AML regulations by central banks, and their implementation have rightly become the focus of banking regulators, especially those in South East Asia.

Combatting money laundering effectively and implementing AML regulations comes with its own set of challenges. The webinar will discuss these challenges.

Webinar Discussion Points

Adapting to evolving and greater AML regulations in South East Asia

1. As banking regulators like those in South East Asia, keep evolving their regulations and seek large volumes of granular bank data for holistic analysis, how can banks establish the right Anti Money Laundering Solution ensuring its ability to customize and adapt?
2. How banks can anticipate regulatory risks, assess risk exposure, and anticipate future risks.
3. How can banks ensure accuracy, integrity, and timeliness with their data architecture and IT infrastructure for improving cost efficiency?
4. How banks can collaborate among themselves to evolve standardization in regulatory reporting.
5. Need for a regulatory environment that encourages cross-border sharing of best practices and innovations besides encouragement of innovation within the countries for their superior access
6. Changing Scenario in South East Asia with regards to tight monitoring by FATF and amendments to AML policy by central banks.

Managing enhanced regulatory burden and costs with digitization

1. How AI, ML and Robotic Process Automation applications in Regulation Technology (RegTech) can effectively automate regulatory reporting with machine-readable and machine-executable activities, eliminating errors from manual interventions.
2. How banks can embrace RegTech innovations to ensure real time response and reporting, lower implementation and refresh costs besides ensuring scalability.

Balancing superior customer experience with highly secure banking

1. Using AI and ML applications along with better Big Data management and data analytics, especially predictive data analytics and decision analytics, to ensure friction-free digital KYC processes for superior customer on-boarding and experience.
2. How better digital identity management can ensure better transaction security and adherence to AML regulations.

Presentation by IDBI Intech (15 minutes)

How IDBI Intech provides complete solutions for digital transformation and adaptation for rapidly changing AML regulations and requirements, especially for banks in South-East Asia

Register Now

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The year 2020 saw banks adopting radical digitalization in response to the pandemic. According to a recent survey by Financial Brand, 51% of the banking institutions stated improving customer experience as a priority in their digital banking endeavors. This implies that banks will remain skewed to offering consistent performance, enhanced security, and ever-improving customer experience as a part of their CX strategy.

Moreover, with more and more customers turning to mobile for their needs, rising customer expectations and a stream of use cases that render even the newest digital banking experiences obsolete will remain a perpetual challenge for banks. On top of this, internal infrastructure barriers, prolonged loan disbursals, skill ineptness, and an existing portfolio of NPAs, have further led the banks to a conundrum. With an extensive and intricate cluster of new-age use-cases that technologies like AI, IoT, deep learning, data analytics offer in finance, banks can lay grounds for customer-driven banking ready for a face-off with the FinTech heavyweights.

We would like to invite you for a 45-minute panel discussion featuring eminent technology leaders from the banking industry to derive perceptive insights on how banks can transform the digital experience for their customers.

Brief Agenda:

• Key DX Challenges faced by banks in the post-COVID world and how are they adapting
• Changes in the Digital customer journey due to the pandemic
• Key technologies that will play a role in shaping the future of Digital Customer Experience
• Role of AI and Data Analytics in driving intelligent and personalized customer experiences
• DX Battleground – Do fintechs have an edge over banks or are they strategic partners?

The digital workplace will never be same again. As the global economies are recovering from the pandemic, evolving beyond is imminent threat. And with that, the move to cloud applications and Unified Communications is fast becoming a standard for enterprises targeting business continuity, global collaboration, and productivity.

The future will see a change as people may or may not return to offices, leading to an evolution of the working models. Models that will require secure access to enterprise applications and collaboration tools blending in both the in-office and off-premise environments.

The private cloud collaboration services offered by Tata Communications & Cisco provides consistent performance, customer experience and seamless migration to the cloud from legacy.

Join The ET Unwired Collaboration Series: Future Ready Enterprises in the Digital-First World, powered by Tata Communications and Cisco to learn how to enable seamless global communication across your enterprise.

Key Discussion Areas

• Seamless collaboration across various UC platforms
• Leverage best-in-class managed services for complex UC environments
• Creating True Omnichannel Experience for Customers

Kaartick Ramasubramanian
Solutions Engineering Lead – South
Tata Communications

Dhaval Sheth
Partner- System Engineer, Collaboration Sales
Cisco India

Each vertical across an enterprise is making the optimal use of AI technology to enhance their productivity and generate meaningful insights that help them to stay ahead in the over-competitive market.

The calibration between sales and marketing has long been a subject of discussion, but the recent emergence of AI is opening up new avenues for deepening and improving this critical relationship. AI can enable the Marketing departments to provide better insights to the Sales teams leading to better synchronization between the two departments. A recent research conducted by Forrester suggests that closely aligned businesses expand 19% faster and are 15% more profitable.

AI also plays a vital role in connecting marketers with their consumers. It enables automated decisions based on data collection, analysis, and additional interpretations of the audience that may influence marketing activities. AI tools allow marketers to better engage with consumers based on data and consumer profiles, then serve them personalized updates at the right time without the need for marketing team interaction, achieving optimal productivity.

While companies are still evaluating implementing AI-powered applications, it is one of the most effective ways to increase market efficiency and provide customized services to customers at scale.

In this ET Unwired Session, we will explore how with the help of Samsung SDS AI solution (Brightics AI), marketing and sales teams can process massive amount of scattered data from different sources, quickly analyze it , and visualize the results in an easily comprehensible way to derive meaningful insights.

Brightics AI facilitates the rapid development of AI models, quick processing of BIG data, leading to a faster turnaround time for the customers. This allows customer to respond proactively in ever changing market scenario.

Join the ET Unwired session on Redefine your Sales & Marketing with AI driven insights to understand how easily one can analyze the structured and unstructured data without professional knowledge allowing coordination between the sales and marketing to increase productivity and plan ahead of time.

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Digital Assistants, bots or robots or what other you may call them by, these digital assets which are infused life by codes and algorithms have become commonplace for many businesses across industry sectors. By using them, businesses can accelerate their road to achieve efficiency & profitability. These can also be defined as virtual employees that not only enhance and augment human work by combining RPA, AI and analytics to automate business functions from end to end, but also provide security assurances for any future disruptions.

With the use of such emerging technologies, repetitive task can be accomplished in turn decreasing operational costs while increasing agility and reducing errors. This will also help in providing mechanisms to support a business and increase its profitability by reducing turnaround time and increasing efficiency. In this session we will talk about how we can scale up the digital workforce in order to create a better process flow for an organization.

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Your enterprise got a lot riding on their cloud strategy. Applications, databases, files, hypervisors – the resources that run in the organization. But have you thought of a right Security, Ransomware Protection & Compliance?

Your data will continue to increase exponentially across on-premises and multi cloud environments. Your risk profile will continue to be a huge challenge for you to control, and all this amid constant deluge of regulations.

It is more important than ever before that organizations find efficient ways to achieve a proactive cyber risk posture and a state of compliance readiness. Let Commvault help you gain a more mature data governance footing and optimize your data protection and business resilience strategies.

As an Industry Leader, Commvault software will ensure you meet the availability and timely recovery mandates found in regulations and standards, such as Article 32 of GDPR. You can recover thousands of servers in parallel to multiple destinations across on-premises and cloud.

Join the ET Unwired Session, Is Your Cloud Data Secured & Compliant? Stay Ahead of the Global Threat, powered by Commvault to go deep on cloud data protection against ransomware along with keeping your enterprise data Compliant with global policies.

Join this ET Unwired Session to learn how to

• Discover a more efficient way to optimize Business Continuity, improve Data Governance
• Make the final frontier in complying with privacy regulations such as GDPR and CCPA
• Cloud responsibly with Commvault

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