 "(From left) Payments Council of India Chairman Naveen Surya, FIS South Asia Regional MD Ramas Venkatachalam, ICICI Bank CTO & Digital Officer B Madhivanan, Axis Bank Digital Banking Head Praveen Bhatt and InfrasoftTech MD & CEO Rajesh Mirjankar at th")
The formalisation of the economy because of demonetisation and the goods and services tax has broadened the network of the banking sector and led to greater digitisation, said banking technology experts at the Business Standard Banking Technology Round Table 2017.
B Madhivanan, chief technology and digital officer, ICICI Bank, said 40 per cent of all loans would be digital in 18-24 months. “Classic loans such as car, personal or home will continue for the older generation. However, for the millennials, loans will be contextual and immediate, which will just not be possible with the branch model.”
“Digital penetration
B Madhivanan, chief technology and digital officer, ICICI Bank, said 40 per cent of all loans would be digital in 18-24 months. “Classic loans such as car, personal or home will continue for the older generation. However, for the millennials, loans will be contextual and immediate, which will just not be possible with the branch model.”
“Digital penetration
