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Location
Bangalore
Member since
2023
Writes about
Security Payments Regulation & Compliance People Wealth management Retail banking Wholesale banking Sustainable Financial inclusion

Raktim's blog archive

2024 (19) 2023 (11)
Raktim Singh
Accolade: Blog group founder

Raktim Singh

Senior Product Leader at Infosys
Message Message me Posts: 30 Comments: 12
Bio I am working in Infosys FINACLE from 1995.I have worked in various domains like corporate banking, wealth Management, Digital banking. I am author of Amazon Best Seller 'Driving Digital Transformation', which has been sold in more than 20 countries. I write on various topics related to technology and fintech at my website www.raktimsingh.com. Career History I had done B.TECH from IIT BHU. I am a TEDx speaker and my talk 'How Digital Transformation can help common person' was globally watched. My website is www.raktimsingh.com.

Blogs

Technology for Social Good

Role of Sustainable Tools in Banking

25 Mar 2024

The role of sustainable tools in banking is fascinating for many reasons. Firstly, banks are actively participating in financing initiatives beyond their practices to provide loans and investments specifically for environmentally friendly projects. This helps create an ecosystem that aligns with sustainability goals. Secondly, some banks have intr...

INDUSTRY 5.0

What is an Augmented Connected Workforce

06 Mar 2024

All companies across the industries are facing these three types of challenges. These are 1. The right talent who can work in the given environment 2. Correct real time data to make decisions and 3. Ensuring that employees feel comfortable and get a personalized experience. We also want to create a workplace, which is more inclusive and accessible...

1

Banking Strategy, Digital and Transformation

What is Federated Enterprise technology Buying

20 Feb 2024

Federated Enterprise Technology Buying is a method for procuring technology that involves decision-making by individual departments within an organization. This approach acknowledges the requirements of business units and empowers them to select technologies that best fit their objectives. In a federated buying process, buying decisions are made b...

3

Technology for Social Good

Digital Inclusion for Social Good

17 Feb 2024

Today, technology is touching every sector. All industries have understood the benefits of implementing technology in their areas. While, on the one hand, technology is helping companies reduce internal costs, including various overhead costs, it is also helping them reach out to new customers and offer products in cost-effective ways. Also, custo...

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Raktim is Commenting on

What is Federated Enterprise technology Buying

  Thanks for reading the post and providing feedback. In technology world 'WHAT; has remained same, but now 'HOW' is different. We are reading book, ordering groceries, watching movies but the way, we are doing this is different. The 'HOW' part is different and the same applies here. Once again, Thanks. 

21 Feb 2024 Reply Read article

What is Federated Enterprise technology Buying

  Thanks for reading the post and your input. Now, we are seeing re-composable banking, which is helping banks to choose best-of-the-breed solutions. Federated Enterprise Technology buying is related to that. Once agian, thanks.  

21 Feb 2024 Reply Read article

Panoptic Personalization in Banking

  Thanks for reading the article and your input. To start with, almost members of society, including GENz is looking for personalized expereince as they already get the personalized expereince from various social media platforms. There are reports from all analysts, which provide the data and need for personalized expereinces by banks & financial institutions.  Hope this clarfies.  

25 Jan 2024 Reply Read article

How Programmable Money Will Revolutionize the Financial World

  Thanks for reading this article and your input. As I have mentioned in the article, we want to again stress on 2 points. 1. In most cases, technology has helped us in reducing the cost. The 'What' part has remained the same, but the 'How' is different. This is true here also. Though earlier, one could have also achieved the requirements of 'releasing funds only after certain conditions are met,' but that was done through separate functions. In banking, it means that separate Standing Orders need to be set up for daily fund transfers. In the case of stock trading, a separate margin account needs to be maintained. With "Programmable money," those overheads can be removed, costs can be saved, and those benefits can be passed on to the customer.  2. With "Programmable Money," the logic is embedded into the value. In the current system, the value ( amount ) is stored separately. And that is fetched using a function call or API. This a big difference.  Hope this clarifies.

25 Jan 2024 Reply Read article