This Financial Insights report presents the key discussion points at a closed-door roundtable led by Financial Insights involving about 20 CIOs and COOs of top Indian banks. This report examines the top strategic IT initiatives of banks in the country and how these initiatives create or enhance the competitive advantage of various banking organizations going forward.
Michael Araneta, senior research manager of Financial Insights' Asia/Pacific IT Benchmarking Advisory Service remarks, "Within a span of about a year, top banks will roll out their new core banking systems, introducing to the market several newly technology-enabled organizations. Consequently, product development and time to market will be crucial competitive factors. Aside from channels and core banking projects, we also expect initiatives concerning process turnaround, datacenter consolidation, IT security, risk management, and payments."