Date:
August 11, 2023
Time:
18:00 - 19:30 IST
Presented By:
PRMIA Mumbai
Session Length:
90 minutes
Traditional banking has witnessed many disruptive innovations over the recent past, the most prominent of them being the digitalization of banking. Banks of all sizes all around the globe are shifting rapidly towards digitalization to maintain a competitive edge and deliver the best to its customers.
Digitalization enables the two-prong benefits:
(i) better customer experience facilitating:customers with 24/7 access to bank, better rates and lower fees,automated payments etc.
(ii) an efficient and effective operating model for the bank.
However, as it is said, with great risk comes great reward. Likewise, great rewards come with great risks. The convenience of digital banking also comes with security risks. Foremost risk digitalization has exposed banks to cyber-attacks that result in data breaches or unauthorized transactions. People with malicious intentions can exploit the remotely introduced loopholes, through hacking, malware and ransomware attacks, spoofing, credential harvesting, identity theft, fraud, etc. Digitalization is evolving and exposes banks to possible technical issues that can leave customers stranded, especially when they need to access their money urgently. Further, fast and constant access to money is a benefit for customers, but that may lead to spending the money on things they haven’t budgeted for.
This webinar aims to bring together top leaders from a diverse field of financial world, banking and ivy league academia to share experience and perspectives on Banking in the Era of Digitalization - challenges, opportunities and best practices.
Banking in the Era of Digitalization Brochure
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Time |
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Event |
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18:00 - 18:05
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Welcome & Opening Remarks
Shri Sushant Saurav, PRM, Co-Regional Director, Mumbai Chapter, PRMIA
(Head, Treasury Operations, Indusind Bank ltd)
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18:05 - 18:10
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PRMIA India: Updates
Dr. Nirakar Pradhan CFA, PRM, CEO, PRMIA India
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18:10 - 18:30
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Address by Chief Guest: Banking in the Era of Digitalization
Dr. Partha Ray, Director, National Institute of Bank Management, Pune
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18:30 - 18:40 |
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Address by Guest of Honor:
Cybersecurity: A Threat to Traditional Banking?
Justin McCarthy, PRM, ORM, CEO, PRMIA |
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18:40 - 19:20 |
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Panel Discussion: Are Risks hidden in a highly digitalized world?
Moderator: Dr. Arindam Bandyopadhyay, Dean, NIBM, Pune
- Smt Sreedevi Pillai, Former CGM, Risk Management, SBI
- Shri Sanmoy Chakrabarti, Chief Risk Officer, HDFC Bank
- Shri Shailesh Dhuri, CEO, Decimal Points
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19:20 - 19:25 |
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Q & A |
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Vote of Thanks
Shri Piyush Chamria, PRM, Co-Regional Director, Mumbai, CRO & Partner, Edelweis Global Markets
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| Continued Risk Learning Credits: 1 |
PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].