Federal Bank CIO Joins Enzen As Business Head

by Sunil Kumar    Aug 09, 2006

Enzen Global Solutions, a business consulting, solutions and product engineering organization focused on energy, utilities, pharma, health care and banking verticals has announced the appointment of KNC Nair as Business Head for the Banking, Financial Services and Insurance Segment.

Prior to this, Nair was CIO of Federal Bank for over 11 years where he was responsible for transforming the bank into a leader in technology infusion and innovations.

In his career span, he was associated with RBI Working Group on RTGS Business Rules Formulation, Critical Infrastructure Protection for Banking Sector, and the IBA Committee on Bank Computerization.

KNC Nair said, “A decade in Federal Bank has taught me one core lesson: how technology can add value to enterprise. My domain of expertise is knowledge banking. This has given me expertise in the functional domain side as well as technological expertise in the consulting space.”

“Enzen has been solving problems in Western countries. The model of consulting is relatively new to India, where we have to see how cost-effective technology can be. Estimates on the market size vary. One has to understand the value for services in an Indian context,” added Nair.

“The market is yet to mature fully. Most consulting including big IT majors have been focusing on solutions. The market for higher-end consulting will grow gradually. In the long run I see the entire market growing. Results will be commensurate with what we have been providing for our global clients. In the BFSI space my focus would be on active problem solving,” said Nair.

Disbursing advice for his peers, Nair said, “CIOs need to do a rethink as and when the market develops. As challenges increase, CIOs need to get out of their respective comfort zones and increase their learning and knowledge. CIOs should extend their experience to understand and cover a wider setup.”

Enzen Global signed its first partnership with ESP to provide Enterprise Environmental Information Management Solutions, under which Enzen will market, sell and deploy ESP’s industry-leading software suites across India. The second was the JV with Netherlands-based Closed Gap, to offer customer care, metering and billing solution through the Internet in SaaS model.