| | October 20174CIOReviewEditorialIt is quite evident that India has leapfrogged into the era of innovation in banking by adopting the latest in technology. Today's digital age and hyper-connected environment requires banks to re-imagine their business continuously, and Indian banks are leading the pack when it comes to transforming from digital to truly digital. The launch of UPI by the National Payments Corporation of India (NPCI) has thrown open the gates for innovation in the open banking space. UPI is empowering payment service providers to create state-of-the-art products/offerings without being limited by the underlying account relationships. Customers are being offered the flexibility that they desire and a unified interoperable interface is allowing all service providers to innovate for better customer experiences. Progressive banks are already making strides in cloud adoption. Disruptive technologies that are changing the face of business are: Big Data, blockchain, artificial intelligence (AI), IoT. These technologies are increasingly being leveraged using cloud computing. Indian banks are coming around to the idea that the business agility provided by cloud outweighs the concerns. Business models for emerging banks and fintechs is also slowly inclining towards cloud-first strategy. As banks try to become more efficient and agile to meet the increasing demands of customers, blockchain seems to be one of the enablers for re-imagining processes. Banks are increasingly looking to move some projects from pilot to production and leverage blockchain to automate inter-organizational processes. Another disruptive technology is Artificial intelligence that has the potential to transform both front office and back office operations with its self-improving programs. AI has already proven itself in providing seamless differentiated customer experience on digital channels, and security measures with its integration within the banking infrastructure. Intelligent digital assistants are commonplace, and these self-learning programs keep getting better with every interaction. In this issue, CIOReview presents to you 20 Most Promising Banking Technology Solution Providers who have successfully helped organizations with their innovative offerings. These companies pride themselves on keeping pace with the latest technological advancements in this domain. We hope this issue gives you helpful insight into this market landscape. Sudhakar SinghEditorsudhakar@cioreviewindia.comDisruptive Technologies Transforming Banking SectorVOL 5 · ISSUE 10-4 · OCTOBER 04, 2017 PublisherOffice Editorial queries editor@cioreviewindia.com To subscribeVisit www.cioreviewindia.com/magazine-in or send email to: subscription@cioreviewindia.comCover price is Rs 150 per issueAshok KumarVirupakshi PattarAlok ChaturvediCIOReviewSr. VisualizerGroup Art DirectorVP - Sales & MarketingMagendran PerumalCirculation ManagerEditorial TeamCIOReview No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017ManjunathSheethal M SMaitreyeeCIOReviewEditorSudhakar SinghVisualizersAdvertising queriessales@cioreviewindia.comBangaloreTel 080 46441103Sales & MarketingAmrit SinghChandan ChatterjeeRavi Kalgi Rohit RaghubanshiKiran Kumar H LPrinted and published by Alok Chaturvedi on Behalf of Bizprint Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Copyright © 2017 Bizprint Media Technologies Pvt Ltd, All rights reserved. Re-production in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Aarushi GhaiAnitha TLakshmi GShaheen SaikiaSeena KennethSuchita GonsalvesPrisila SVinisha PaivaNoidaTel 120 4639300
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