Accelerating Financial Recovery: Leveraging ODR in the Banking Sector
By aligning Online Dispute Resolution processes with the principles outlined by the RBI, Banks and financial institutions can navigate disputes efficiently, reduce recovery time, and bolster customer trust.
Decriminalisation of Cheque Bounces : Pros and Cons
In order to improve ease of doing business in India, Ministry of Finance issued a notification inviting suggestions on decriminalisation of around 39 sections which contain minor offences under 19 different Acts, including decriminalising Cheque bounces under NI Act . Vimee Shharma evaluates the pros and cons
Is Technology the panacea? (SME Lending Models 3)
Technology has benefits. It can improve TAT, data access, accountability, reduce operational risk & build competitive advantage. Full workflow digitisation suite- Tabs +CRM+LOS+CBS integration+ LMS+DMS, seems impressive. “Let’s get it automated” is an oft repeated indulgence we hear during our engagements. But the devil is in details! Considering investment in any scalable tech is high […]
Machine Learning and AML- Use cases for Banks
World is a not flat! No matter how much the globalisation theorists may want you to believe, the world post 9/11 is no longer flat but rather becomean undulated surface. 2008 recession has only added fuel to the fire. On one hand, the growing threat of terrorism has made us increasingly insecure and paranoid, on […]
How Artificial Intelligence will transform Banking
Artificial Intelligence can simplify banking- relieve the pain of redundant forms, cumbersome documents and slow processes and even manage investment portfolios. It can help banks be nimble and efficient. But are there any limitations and side effects? Amit Balooni evaluates