FUTURE of BANKING is here

It’s time to talk banking — analysing the past, understanding the present and trying to shape the future, at Bankers’ Conclave 2018, in MIT-SOB (the acronym for MIT’s School of Business), Pune, which is to be held on January 24.

The conference will have two sessions — Future of Banking and Future of Microfinance & EPayments.The first panel ‘Future of Banking’ will have names like Venkatesh Hariharan- Director, Fintech; Sachin Seth- PartnerFinancial Advisory, Ernst &Young; Mukul Varshney-Director John Deere; and L N Deshmukh- Former General Manager, Bank of Maharashtra. Talking about the future, Seth said, “There are many new things that are evolving in banking.”

He strongly believes ecommerce, banking and telecom will be merged in many ways and will play the role of fulfilling people’s lifestyle.

The second panel of the day — on microfinance and epayments — will have names like Veena MankarChairman, IDFC & Chairperson of Swadhaar Microfinance; Vikrant PonksheFormer MD and CEO, Cosmos Bank; Manoj KumarManaging Director, Arohan; Naveen Kumar- Associate Professor, NIBM; and Vineet Dhar — Head of Retail Business, Greater Mumbai — ICICI Bank. Mankar said, “In last one and half year, there have been a lot of changes.” Changes also saw evolution of infrastructure, she added.

Mankar stated the whole ecosystem is being developed due to the disruption. She stated more products will have to be developed so that banks can make money, but the consumer does not have to pay much.