Edition 1 of The Economic Times’ BFSI Innovation Tribe On Thursday, 20th Sept, at The Sahara Star, Mumbai

image-Economic-Times-BFSI-Innovation-Tribe-Awards-And-Summit-2019-Mediabrief1As the digital revolution continues to hit a new peak every day, The Economic Times has announced the Economic Times BFSI Innovation Tribe 2018 Awards & Summit. To be held as a day-long event on Thursday, September 20 at the Sahara Star, Mumbai, the  Summit will provide industry leaders, innovators and aspirants a robust platform to discuss their course of action towards the disruption in the industry – in effect, deliberate the future amidst current challenges and pressing issues of the time. The Awards will recognize and felicitate the most innovative technologies that Fin-tech brands put into the BFSI industry and the brands that have used them in the most efficient manner.

Deepak Vasant Kesarkar, Minister of Maharashtra State for Finance, Rural Development, Government of India, will grace the event as Chief Guest.

Some panels at ET BFSI Innovation Tribe

  • The need to improve business strategies to retain their competitive advantage and analyse the dynamic impact of technological advancements
  • The role of the CIO in driving competitive advantage through innovation
  • The importance of robotics and Artificial Intelligence in the banking system, and
  • Reaffirming the trustworthiness of retail banks in the eyes of customers

among others.

Balsingh Rajput, Superintendent of Police, Cyber Cell, Maharashtra Police, believes that “Disruptive technology is now becoming the new normal. Digital platforms provide faster and transparent service to customers in the BFSI sector.  There is risk everywhere, and same way Digital technology also brings the risk of cybercrimes, but with robust technology, well-thought process and practices along with an emphasis on training of human resource for safe cyber practices will make Digital assets more secure.”

Traditional Banks vs Financial Disruptors

With so many emerging agile players in the market, a fireside chat on the ‘Survival of the fittest -Traditional Banks v/s Fintech disruptors’ will speak about the obvious differentiator between banks and fintech disruptors, the long-term survival plan and technology adoption patterns

Vivek Gupta, Country Head, R3, believes “such initiatives are very important and serve multiple purposes. First, it allows for exchange of ideas, information and allows people to learn from experts in their fields. Second, it allows many of us caught in the micro details of our day to day work, the opportunity to look at the bigger picture and trends that will affect them, maybe not today, but in the near future.”

Sridharan, VP – CISO, NCDEX,sharing his thoughts on the prevention of cybercrime, says, “Prevention is not possible but we can try to reach reasonable, measureable security.”

An eclectic mix of panel discussions, keynotes, fireside chats, case studies, inclusive sessions and felicitations will drive the knowledge agenda at the conference.

Illustrious panel of speakers

Since it’s an Economic Times event, there’s a truly illustrious line-up of speakers; more like a Who’sWho of BFSI in India. Stalwarts like Manoj Adlakha, CEO, American Express; Rakesh Singh, CEO, Aditya Birla Finance; Sanjaya Gupta, MD, PNB Housing Finance; Suresh Sethi, CEO, India Post Payments Bank;  Surojit Shome, CEO, DBS Bank;  Suniti Nanda, Fintech Officer, Maharashtra Government;  Balsingh Rajput, Superintendent of Police, Cyber Cell, Maharashtra PoliceMadhivanan Balakrishnan, CTDO, ICICI Bank; Rajeev Ahuja, Executive Director, RBL Bank; Mukul Sachan, Co-Founder, Lendingkraft; Rajnish Khare, Head – Digital  Banking, HDFC Bank; Jitendra Mahapatra, AVP & Head – Digital & Payments Analytics, Axis Bank; Puneet Kumar, Senior Executive Vice President, Kotak Mahindra Bank; Mrutunjay Mahapatra, DMD & CIO, State Bank of India; Deepak Sharma, Chief Digital Officer, Kotak Mahindra Bank; Papia Sengupta, Executive Director, Bank of Baroda; Devendra Kumar Vyas, CEO, Srei Equipment Finance; Nanda Sambrani, Head – ERCG, Reliance General Insurance; Rahul Chari, Founder & CTO, PhonePe; Sangram Singh, CEO, Freecharge; Ketan Patel, CEO, CASHe; Vivek Gupta, Country Head, R3; Raman Aggarwal, Chairman, FIDC; Y. S. Chakravarti, ED & COO, Shriram City Union Finance; Adv. Puneet Bhasin, Cyber Law Expert – Proprietor/Founder Cyberjure Legal Consulting, Amit Godhekar, VP – Cyber Security MotilalOswal Financial Services; Deepak Sharma, Chief Digital Banking Officer, Kotak Mahindra Bank; Ratna Pawan, Security Risk HSBC Operations & Technologies, S. Sridharan, VP – CISO, NCDEX, Sanjay Sharma, MD Ayefin; and Sridhar Sidhu, Head – Enterprise Information Security Service & Regulatory Compliance Risk Services Groups Wells Fargo.

Deepak Lamba, President – Times Strategic Solutions, says, “The BFSI Innovative Tribe is an important initiative to all of us at The Economic Times. It’s a platform where global leaders can converge on common grounds of multiplying digital opportunities in the BFSI sector.  The jury that comprises of top notch and seasoned leaders from the BFSI sector helped us shortlisting the shining experts of BFSI sector. We are also very grateful to the BFSI stalwarts who have agreed to share their experiences and insights on latest technology products, innovative and revolutionary solutions identified to impact and change the industry today and in the future.”

Deloitte Touche Tohmatsu India LLP is the knowledge and process partner for the Summit.

The background to the Summit

India’s financial ecosystem is on a roll, and focused technological innovations have given a fillip to this upwards curve.

Technology has been disrupting the way businesses function across the globe, and online transactions, mobile payments, wire transfers and e-wallets have already reshaped the entire banking sector, with newer technologies being introduced at a rapid pace.

Information Technology is one of the most important facilitators for the transformation of the Indian banking industry, and if banking today is a flourishing industry, it is because of the underlying technological innovation it has so readily embraced.

Over the last three years, there have been countless numbers of innovative applications and systems used by the financial services industry to offer world-class products and services to the Indian market.

Collaboration, cooperation, deliberation, and innovation is a must for sustaining the disruptive discourse of technology in BFSI Sector.  The Economic Times BFSI Innovation Tribe provides a unique opportunity and platform for the industry ecosystem to converge and chart the path of future growth.

Key events on the knowledge agenda



10:10-10:30Chief Guest Address:

  • Shri Deepak Vasant Kesarkar, Maharashtra’s Minister of State for Finance, Rural Development, Government of India
10:30-10:50Presentation: Reimagining Digital


  • Mrutyunjay Mahapatra, DMD, SBI
10:50-11:35Opening Panel Discussion: Retail & Digital Financing – How important is customer experience for next generation Financing?

Technology is changing the nature of financing. From Retail to Online; From Online to Mobile; From Mobile to … But are we succeeding in cracking through are end user market keeping in mind rural – which is limited with technology accessibility and understanding, Urban – evolving at an faster rate. How are we bridging the gap between the two to impact the economy as a whole.


  • Deepak Sharma, Chief Digital Officer, Kotak Mahindra Bank
  • Papia Sengupta, Executive Director, Bank of Baroda
  • Rajeev Ahuja, Executive Director, RBL Bank
  • Devendra Kumar Vyas, CEO, Srei Equipment Finance
  • Rahul Chari, Founder & CTO, PhonePe
  • Sangram Singh, CEO, Freecharge

Chaired By: Suchintan Chatterjee, Partner, Deloitte

11:50-12:40Panel Discussion: Ease of Lending: Banks & FinTech: New Technology & Digital Expertise

Though Banks have been the way of seeking funds but gaps in banks’ lending system has led to the Emergence of FinTech industry that has completely changed the world of seeking funds. Not only has it flourished, but it has helped the banking industry to improve itself all over again. Through this session we will discuss what and how collaborative efforts can & will enhance customer experience in seeking funds hassle-free


  • Kaushal Sarda, CEO, Kuliza Technologies
  • Ketan Patel, CEO, CashE
  • Mukul Sachan, Co-founder & CEO, Lendingkart Finance Limited
  • Pushkar Mukewar, Co-Founder & Co-CEO, Drip Capital
  • Raman Aggarwal, Chairman, FIDC
  • Sanjay Sharma, MD, Ayefin
  • Y. S. Chakravarti, ED & COO, Shriram City Union Finance

Chaired By: Govind Joshi, Partner, Deloitte

12:40-13:30Dynamic Tech: Disrupting Solutions for the BFSI
12:40-13:00Dialogue: Microservices & Actionable Intelligent PlatformsSpeaker:

  •  Anup Purohit, Chief Innovation Officer, Yes Bank
  • Chaired by: Abhrajit Ray, Partner, Deloitte
13:00-13:10Presentation: Mobility and BPMSpeaker:

  • Saurabh Kothari, VP- APAC, ASG Technologies
13:10 – 13:30Trilogue: Security & DigitisationSpeakers:

  • Name to be confirmed
  • Ritesh Doshi, Director, Cisco Systems
  • Chaired by: Tarun Kaura, Partner, Deloitte
14:30-14:50Keynote Presentation: Innovation in the Financial World


  • Madhivanan Balakrishnan, CTDO, ICICI Bank
14:50-15:20Fireside Chat: Taking SaaS beyond the cloud and adopting robotics/AI

Today, financial institutions are challenged to invest and find the right expertise to realise the full potential of disruptive capabilities. Thus, a partnership approach to accelerate innovation and adoption of new technology with third-party software-as-a-service (SaaS) providers will take full advantage of cloud capabilities, utilising the scale of Fintechs partners to effectively deploy AI, machine learning, and robotics. In this session we will highlight the benefits of working with third parties who can bring deep distributed ledger technology experience to drive adoption, and collaborating with industry partners who can create new networks that bring value to all participants.


  • Vivek Gupta, Country Head – India,  R3
  • Rajnish Khare, Head – Digital Transformation, Social Business & New Media and Mobility Banking, HDFC Bank
  • Utpal Chakraborty, Head of Artificial Intelligence, YES Bank
  • Chaired By: Nitin Agarwal, Partner, Deloitte
15:20-16:00Panel Discussion: Time to realize the Value: Analytics in Banking

By adopting analytics as one of the major business tool, banks can be highly benefitted. For instance a top consumer bank in Asia enjoyed a large market share but lagged behind its competitors in products per customer. It used advanced analytics to explore several sets of big data. As a result though it brings good news but also bad news. While many such projects bring eye-popping ROI, banks find it difficult to scale them up. Analytics can involve much more than just a set of discrete projects. If banks put their considerable strategic and organizational muscle into analytics, it can and will become a true business discipline, maximising returns. This session will emphasise on the importance of Analytics in Banking and how we can leverage AI, Machine Learning to the fullest and betterment of client engagement.


  • Jitendra Mahapatra, AVP & Head – Digital & Payments Analytics, Axis Bank
  • Puneet Kapoor, Senior Executive vice President, Kotak Mahindra Bank
  • Bharath Shasthri, Vertical Head- ML, AI & Big Data, HDFC Bank
  •  Goutam Chatterjee, Principal Adviser, Dept. of Statistics and Information Management, RBI
  • Chaired By: Prashanth Kaddi, Partner, Deloitte
16:00-16:40Concluding Panel Discussion: BFSI sector – The key target for cybercrimes

Cybercrimes have grown significantly over the last couple of years across industry sectors. Cybersecurity is a major concern as cyber-attacks cause income loss, important data spills, and even imperative foundations to fizzle.

The BFSI industry, specifically, has become the target of choice with malevolent actors investigating each area for vulnerability. Though this sector is most advanced when it comes to IT security, but as each lock is broken are we prepared enough to counter attack and save guard the sector from the crimes? What is the organizations take on the digital reorientation of risk management?  Have they deployed innovative tools and techniques to manage the risks born out of digital financing?


  • Shri Balsing Rajput, Superintendent of Police, Cyber Cell, Maharashtra Police
  • Amit Ghodekar, VP – Cyber Security, Motilal Oswal Financial Services
  • Nanda Sambrani, Head – ERCG, Reliance General Insurance
  • Ratna Pawan, Security Risk, HSBC Operations & Technologies
  • S Sridharan, VP – CISO, NCDEX
  • Sridhar Sidhu, Head – Enterprise Information Security Services & Regulatory Compliance Risk Services Groups, Wells Fargo
  • Moderated By: Adv. Puneet Bhasin, Cyber Law Expert- Proprietor/Founder, Cyberjure Legal Consulting


  •  Suniti Nanda, Fintech Officer, Maharashtra Government
18:20 – 18:40Keynote Address


  • Rajesh Shetty, Managing Director – Enterprise Sales, Cisco India & SAARC
18:40 – 19:20Panel Discussion: Moving towards a Cashless Economy – The CEO’s Perspective

In this session we will talk about the Digital payment landscape and the need to understand the Indian market with the adoption of cashless transactions. How has the economy survived after demonetization?


  • Manoj Adlakha, CEO, American Express
  • Rakesh Singh, CEO, Aditya Birla Finance
  • Sanjaya Gupta, MD, PNB Housing Finance
  • Suresh Sethi, CEO, India Post Payments Bank
  • Surojit Shome, CEO, DBS Bank
  • Rajesh Shetty, Managing Director – Enterprise Sales, Cisco India & SAARC
  • Chaired by: Shree Parthasarthy, Partner, Deloitte
19:00-20:30Digital Workspaces and Next Gen Networking – Are we Future ready?

Increasingly organizations are looking Digital Workspaces where people, organizations and things are securely connected and accessible to make the extraordinary possible. Work is no longer a place, it’s an increasingly dynamic activity that people expect to be as adaptable as they are. The new gen workforce is smart and tech savvy, and digitising the workspace provides holistic approach to align business, technical and social drivers, enabling us to deliver more than we did earlier.

Imagine Workspaces powered by Next Generation Networking that combines freedom of hybrid cloud and security – whether work happens on-site, on the road, or in the cloud, which gives confidence without compromise.  To be a global player – we need to think of disrupting technology ideas for the business to be productive, future ready and be globally connected.

Through this discussion we would discuss better ways to work by delivering the experience, security, and choice people and organizations need to unlock innovation, engage customers, and be productive – anytime, anywhere.

Chaired by: Deloitte


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