Indian banks are now gearing up for the second phase of IT upgradation- IT spending in Indian banks to surge 50% to Rs 10,000 cr annually
- Join the discussion with top industry leaders at the 7th Annual Bank Tech Summit, Mumbai
The first phase of IT upgradation in banks was largely on migration to a core banking system, which allowed for consolidation of banking services offered across regions and channels.
Indian banks are now gearing up for second wave of IT investment .
According to Boston Consulting Group,, Indian banks’ IT expenditure is expected to touch Rs 10,000 crore annually in 4-5 years as they get ready for their second wave of IT investments mainly in automated data storage, compilation, upgradation and analysis, CRM etc.
According to Celent the fastest growth in IT spending will be seen in financial services institutions in Asia-Pacific and total spending is expected to reach US$108.2 billion in 2013.
RBI's IT Vision 2011-17 also sets priorities for commercial banks to move forward from their core banking solutions to enhanced use of IT in areas like management information systems, regulatory reporting, overall risk management, financial inclusion and customer relationship management.
One of the largest Annual Banking Technology Summit organized in India, 7th Bank Tech Summit on 20th Sept 2011 at Taj Lands End, Mumbai will deliver a comprehensive overview of the challenges and opportunities that the next gen of technology holds for the Banking, Insurance and financial sector as a whole.
Summit theme is "Strategies & Management of Technologies for BFSI in the Next Decade" and focuses on the strategies and management of the emerging technologies which would help the financial institutions achieve their business goals in a dynamic environment and manage convergence efficiently.
Summit will have Four specialized sessions with presentations & interactive panel discussions and will focus on- CSR, Financial Inclusion, Cloud Computing, Social networking, BPM, CRM, Business Intelligence, Data Mining, Content Management, Basel II, AML, KYC, Regulatory Compliance, Cyber Security, Information Security, Financial Frauds, Credit, Market & Operational Risk management, Payments, Mobile, Internet, ATMs, Credit Cards, Point of Sale & more.
Banknet is the #1 organizer of Banking and Technology Conferences from India for more than 7 years. More than 5,000 from nearly 900 Financial Institutions / Companies from 24 countries had been represented at Banknet Conferences.
Nearly 200 senior level executives from Banks, Insurance, Finance, Reserve Bank of India, IT, B Schools & other corporate are expected to participate at the Bank Tech Summit 2011. More than 20 top management level speakers / decision makers from banking , insurance, B Schools & IT Companies will address the Summit.
You can contact for details on speaker slot, partnership & delegates at- conference@banknetindia.com or call us at-91-22-26204181/67102091/65232091 . For more details . Click Here
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