Digital leaders and stalwarts from India’s largest public and private sector banks gathered together at the   Pay-iT Conclave 2017 to discuss and deliberate on how banks can re-invent themselves for future growth. This was the second edition of Pay-iT, the annual digital banking leadership conference supported by HPE and organized by CMR. It was held on Oct 13th at the Hotel St. Regis in Mumbai’s corporate district in Lower Parel. The conference was a huge success with participation from the senior digital leadership of India’s leading banks —SBI, ICICI, HDFC Bank, UTI, Yes Bank, Union Bank to name a few. ET Now was the official TV partner of Pay-iT, which would be telecasting an episode of the event.

The full-day conference kicked off with a fire-side chat on the Future of Banking between stalwarts of India’s banking industry–Mr. Arun Purwar, ex-chairman, SBI, and Mr. Imtaiyazur Rahman, CFO, UTI AMC, and moderated by Pradeep Gupta, CMD, CyberMedia.

There are three key areas where most banks need to seriously innovate for future growth:

  • Blockchain Technology,
  • Payments, and
  • The Core Banking Infrastructure.

The conference’s proceedings focused around these three elements with a thought leadership session followed by a panel discussion on each topic.

There were two separate talks on how banks should invigorate their core banking infrastructure. These were delivered by two digital leaders of India’s leading banks—Mr. Madhavinan Balakrishnan, CTO, ICICI Bank, and Mr. Mrutyunjay Mahapatra, the DMD and CIO of State Bank of India. The session on Blockchain was conducted by a leading authority on the subject–Prasana Lohar, CTO, DCB Bank; while the payments portion was handled by none other than Naveen Surya, Chairman PCI and former MD of Itzcash.

HPE’s Senior Director for Data Centers and Cloud, Vikram K, gave his perspective on how HPE’s infrastructure can support banks in their core infrastructure. The CTO of HPE, Sriharsha Narsimhan, gave his views on how HPE’s non-stop infrastructure is essential to every bank’s growth.