Ramesh Lakshminarayanan, HDFC Bank’s chief information officer (CIO), spends two hours briefing the bank’s boss, Sashidhar Jagdishan, every day on “technology-related issues. Not necessarily on business, but on concepts.” That’s because the kind of terminology that geeks like him use may appear Greek to traditional bankers.
The CIO of India’s largest private bank was part of a panel discussion at Business Standard’s webinar on “Getting Cloud right: key to risk management in banks”; and sharing space with him were Akhil Handa, head of fintech and new business initiatives at Bank of Baroda; Murali Rao, chief technology officer at DCB Bank; G Sankaran, CIO at City Union Bank; and Rocha Martim, global director (head of Risk Banking Solutions) at SAS. The session was moderated by Tamal Bandyopadhay, consulting editor of Business Standard.
Read more about Digital banking can mask risks, say CROs at Business Standard webinar on Business Standard. Efforts to identify key personnel risks need to increase by many notches, given the amount of investments being made in technology, and the number of digital transactions