Sixth Summit Takes Off In Mumbai

by Amit Tripathi    Oct 27, 2004

The annual two-day international banking technology summit,, is all set to take off today in Mumbai at a time, when according to an IDC estimate, 18% of the $5.7 billion IT market in India is being driven by the banking sector.

Briefing the media about the event, Pankaj Sharma, country manager-India, APC, said, “Among the major challenges the banks face to day are access to money, manageability of services, and customer loyalty.”

Rahul Andrews, senior general manager, SDG Software Technologies, said, “Money laundering has taken gigantic proportions what with a PwC estimate stating that $1.6 tn is the amount that is laundered annually worldwide.” SDG Software will also exhibit its anti money laundering software at the event.

The conference that starts on October 27 will have ’Indian banking: transformation to enhance competitiveness’ as the theme, with 45 speakers both from the IT user as well as the vendor community and will climax on Thursday. The first day will witness panel discussions on issues like ’Emerging technology strategy for banks’, ’Current status and future prospects in banking automation’, and ’e-security: current trends and international best practices’. The concluding day will have discussions on ’Critical role of business continuity in BFSI sector’, ’New paradigms in risk management strategies’, and ’Driving solutions for retail banking industry.’