Indian Summit to Discuss Key Investments in Banking Technology

DUBAI, UAE, October 23, 2011 -

In the face of the rising competition, banks are currently investing more in technology and as a result IT is considered a business enabler rather than a support function. Banks are competitively working to enrich banking experience in various channels while contributing to their bottom line.

With consumers becoming more demanding, technology is now driving business in banks resulting in a shift from conventional banking to a variety of other platforms.

Banks are realising the growing importance of updating their legacy systems to enhance their service offering. In an interview with IQPC, Dharmaraj Ramakrishnan, Head of Core Banking Unit, ING Vysya Bank stressed “Progressive modernisation is the right way to go for cost-effective technology aiding IT. Key steps we follow are: identifying the legacy systems which are to be replaced; carrying out a cost benefit analysis and justifying the capital investment and finally ensuring deployment of new systems are aligned with business priorities - this will help in achieving a faster ROI.”

ING Vysya will be sharing their success story at the Banking Technology India Summit 2011 being held in Mumbai on the 15^th and 16^th November 2011 at the Four Seasons Hotel. The Summit is being conducted by IQPC and brings together industry experts including Umesh Jain: CIO - Yes Bank , Rajnish Khare:  Head of Remote Banking - Standard Chartered Bank, P.R Somasundaram: CEO & MD- The Lakshmi Villas Bank Ltd, Shrinath Bolloju: MD& COO- India Deutsche Bank, Sameer Ratolikar: CISO  Risk Management- Bank of India,  Munish Mittal: Executive Vice President IT- HDFC Bank, Jason O’Shaughnessy : Managing Director  EMEA- Yodlee, Sudhakar Ramasubramanian: Managing Director - Aditya Birla Money Ltd - Aditya Birla Money Mart ltd and many more.

About IQPC

IQPC provides business executives around the world with tailored practical conferences, large scale events, topical seminars and in-house training programs, keeping them up-to-date with industry trends, technological developments and the regulatory landscape. IQPC’s large scale conferences are market leading “must attend” events for their respective industries.

IQPC produces more than 1,500 events annually around the world, and continues to grow. Founded in 1973, IQPC now has offices in major cities across six continents including: Berlin, Bengalaru, Dubai, Johannesburg, London, Madrid, New York, Sao Paulo, Shanghai, Singapore, Sydney, and Toronto. IQPC leverages a global research base of best practices to produce an unrivalled portfolio of conferences.

For more information contact Michelle Petiza, Marketing Manager, IQPC Middle East. Email enquiry@iqpc.ae or call +971-364-2975 or visit www.bankingtechnologyindia.com

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