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Bangalore
Member since
2023
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Security Payments Regulation & Compliance People Wealth management Retail banking Wholesale banking Financial inclusion Markets

Raktim's blog archive

2024 (8) 2023 (11)
Raktim Singh

Raktim Singh

Senior Product Leader at Infosys
Message Message me Posts: 19 Comments: 8
Bio I am working in Infosys FINACLE from 1995.I have worked in various domains like corporate banking, wealth Management, Digital banking. I am author of Amazon Best Seller 'Driving Digital Transformation', which has been sold in more than 20 countries. I write on various topics related to technology and fintech at my website www.raktimsingh.com. Career History I had done B.TECH from IIT BHU. I am a TEDx speaker and my talk 'How Digital Transformation can help common person' was globally watched. My website is www.raktimsingh.com.

Blogs

Banking Strategy, Digital and Transformation

Panoptic Personalization in Banking

19 h

Across the globe, each household does financial transactions almost daily. It's part and parcel of every family's life. Though a large population is still unbanked, many families have used banking services in the last decade. But the moot question is whether all these banking services are tailored to that household's needs. Many times, it's a one-s...

Biometrics

Biometric in banking

19 Jan 2024

Recent years have witnessed a significant increase in the level of banking inclusion. In 2022, around 70% of the population had access to a bank account, up from ~40% a decade earlier, according to the World Bank. This expansion is primarily attributable to the digital revolution. As of 2014, only 35% of the adult population worldwide could send or...

Business

Machine Customer : The awesome power of technology

17 Jan 2024

Machine Customer refers to software programs, autonomous devices, or both that act as actors engaging in transactions such as purchasing goods and services on behalf of humans or other machines. In contrast to conventional automated systems, machine customers can adjust their behavior over time and make decisions based on various criteria instead o...

Banking

Why 'Agile and Adaptive Banking' is the only survival mantra.

12 Jan 2024

The banking industry is characterized by constant change, and adapting is crucial for capitalizing on opportunities and minimizing risks. The increasing demand for real-time information is causing a corresponding evolution and escalation in customer expectations and a transition from physical to virtual service delivery. Need for Agile and Adapti...

See all Raktim's blogs

Raktim is Commenting on

Why Do We Need Strong Resilient Financial System

  Agree Chris. Application, on its own, should be modular, should have well defined & demarketed components  and (should be) scalable. If the underlying application is not properly defined, than in short term, cloud can help in scaling the application but that will be very costly.   

04 Jan 2024 Reply Read article

Time for Micro-Credentials

  Very insightful and informative post. This is very much required now. The strange part is that today many tools are there, which can help you in knowing/ascertaining the credential as well as give total 360 degree view of a website ( Think of DA/PA score etc) or various index, which tells, how strong your social media profile is. But an individual doesn't have 'an identetity' which tells everything about him.  

04 Jan 2024 Reply Read article

What is ESG in Banking

  Thanks for your input. It's not fair on my part to list only 1 or 2 companies. Also, please look at companies across the globe, and you will find multiple examples here. You can also look into 'Sustainable Cities: Enabling Positive Change through Innovation and Collaboration,'' published recently by the FINEXTRA team. Also, as highlighted in the article as well in my earlier comment, following ESG practices means following ethical, inclusive, and fair business practices. I understand that you are referring to one investment company example. We will see many other examples of companies that have taken the ESG route. Most importantly, we all need to encourage ESG practices and follow those in our daily routines. 

20 Dec 2023 Reply Read article

Tokenization of Assets

  Thanks for your input. Blockchain helps in making sure that underlying data is not tampered with. That's why it is playing a significant role. A smart contract is a powerful software. As the saying goes, 'Software is eating the world. ' Software codes have impacted our lives in various ways. Behind all big companies, technology ( which contains Software) plays a big role. Be it providing a Digital experience, connecting with the remote world, or improving overall financial inclusion. In the Digital world, many timesoften, Our 'What' part has remained the the same, but the 'How' is different. We read books, watch movies, and order groceries, but how we are doing has changed. Blockchain and smart contracts are again helping us change the 'How' part. Both will help bring liquidity, automation, transparency, and affordability to various asset ownership. 

20 Dec 2023 Reply Read article