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Business News/ Brand Stories / BFSI Leaders gathered to discuss the future roadmap at BFSI Connect Summit 2023

BFSI Leaders gathered to discuss the future roadmap at BFSI Connect Summit 2023

Leaders from the BFSI sector along with the launch of Coffee Table Book titled ‘India’s Most Agile CDO’s 2023’, ‘India’s Most Agile CIO’s 2023’ and ‘India’s Most Agile CISO’s 2023’ during the three focused tracks on Digital Banking, Building Security Landscape & IT Transformation.

Coffee Table Book LaunchPremium
Coffee Table Book Launch

Mumbai, 09th March 2023: The Indian BFSI sector has been playing a critical role in driving the growth of the Indian economy and is considered the key enabler for the vision of India becoming a USD 5 trillion economy in the coming years. The sector plays a crucial role in driving the volume of digital payments with innovations in the cybersecurity architecture and transforming services or businesses, by replacing older technology with newer technology among other focus areas. Sapphire Connect recently concluded with the first edition of “BFSI Connect Summit 2023" which acknowledged, recognized, and honoured the evolution of the BFSI industry. The summit was held on 24th of February 2023 at Hotel Taj Santacruz, Mumbai, and witnessed the presence of 100+ Leaders from the BFSI sector along with the launch of Coffee Table Book titled ‘India’s Most Agile CDO’s 2023’, ‘India’s Most Agile CIO’s 2023’ and ‘India’s Most Agile CISO’s 2023’ during the three focused tracks on Digital Banking, Building Security Landscape & IT Transformation. Our Knowledge Partner for the summit was PwC India.

Mr. Prakash Kandpal, Deputy Managing Director Retail Banking, State Bank of India during his Guest of Honour address on “What’s more for India's Digital Payment Space?" mentioned that UPI payments will continue to progress as the future of digital payments is booming in India. He also stated, “Digital payments are crucial for improving the flow of money into the economy, with the adoption of digital payments the economic growth of the country is continued to rise driven by factors such as government initiative, increase in the smartphone penetration & growing popularity of E-commerce. Moreover, the use of blockchain & AI is an added advantage in the sector."

Our Guest of Honour
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Our Guest of Honour

The panel on ‘A vision for a new future: Payments Trends 2025’ during the Digital Banking track had the presence of Mr. Tejas Maniar, CDO, Fino Payments Bank Limited; Sriram Srinivasan, Head of Digital Banking, Ujjivan Small Finance Bank; Vishweshwaran Ramakrishnan, CDO, Tamilnad mercantile Bank; Cyril Mohapatra, Senior VP & Head of Digital solutions Delivery Group, IndusInd Bank and was moderated by Geetika Raheja, ED- Payments Practice, PwC India. While talking about the future of payments and what is going to be the driving force, Mr. Vishweshwaran Ramakrishnan, CDO, Tamilnad Mercantile Bank said that “CBDC has equal opportunities in the market. We are creating a lot of savings for common people in India. Also, UPI has paved the way for consumers in the near future".

In track two, the experts from the industry shared meaningful insights on how the adoption of digitalization in BFSI sector has increased the physical & virtual threat which is the key factor in driving the need of the cyber security. Speaking on the panel on “Building a dynamic cybersecurity perspective" were Fal Gancha, CISO, DSP Investments; Lalit Trivedi, CISO, ITI Mutual Fund; Altaf Halde, Senior Vice President, Network intelligence; Sunder Krishnan, CRO, Reliance Nippon Life Insurance and was moderated by Siddharth Vishwanath, Partner- Cybersecurity, PwC India.

The Third track had leaders discuss on the panel discussion on “Paradigm shift: Technology trends reshaping the BFSI sector" focusing on howthe BFSI sector has been on the frontline for adopting AI and cloud capabilities forimproving productivity, enabling faster radical transformation sweeping across the industry. The panel had Ms. Jyothirlatha B, CTO, Godrej Capital; Suraj Prakash, Chief Technology Officer, Edelweiss Asset Management Limited; Rajesh Choudhary, Chief Information & Technology Officer, CSB Bank Limited; Abhishek Sharma, Chief Digital Officer, L&T Financial Services and was moderated by Asim Parashar, Partner & FS Tech Leader, PwC India.

Our Esteemed Partner
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Our Esteemed Partner

Our Guest of Honour Ms. R M Vishakha, MD & CEO, India First Life Insurance while delivering the Address on ‘Reimaging BFSI Through Digital Transformation’, mentioned that “Every user is a potential content creator. She also quoted that if the distributor is a king, then Digital is an emperor. The Digital industry will dictate what people will see, consume & behave and now technology has become the emperor of today."

Talking about the BFSI summit Mr. Rishi Kapoor Partner and Business Head said, “India has seen a massive digital transformation, with an extensive increase in Internet users and changing demographics. We have witnessed a shift in many parts of the BFSI space, from investment to insurance to lending to payments and a never-before-seen focus on reimagining services. With BFSI Connect Summit we aimed to bring in highlight how organization are undertaking digital first approach and offering world-class customer experience and likewise, recognize these leaders of change with the launch of Coffee Table Book featuring their success stories."

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.

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Published: 09 Mar 2023, 06:17 PM IST
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