Welcome to the FIIB Finance Conclave

Hosted by FIIB

The world has entered in an era of 'Digital Darwinism', a time where technology and society are evolving faster. The emergence of the five forces of digital - Social, Mobile, Analytics, Cloud and Internet of Things - are creating new and valuable sources of business information, ways to interpret data, and the means to do so cost-effectively. Digital banking calls for a complete change of mindset among bankers.

The digital revolution has flounced across banking industry and the financial services space has seen the winds of change blow into it. In the last few years, the Indian banking sector has realized the need of digital technologies and is rapidly moving to embrace digital banking. The key innovations in Digital banking are Digital-only/Virtual Banking, Biometric Technology, Artificial Intelligence, Blockchain Technology, Bitcoins and Robotics to mention few.

Globally, banks are seeking to use block chain technology (BCT) for operations such as money transfer, record keeping and other back-end functions. Block chain technology can be used in banking activities like secure document management, reporting, payments, treasury & securities and trade finance. Banking industry can benefit from block chain technology as it helps in fraud prevention, increasing the resilience of the bank's IT infrastructure and also increases the transparency of processes. Besides these advantages BCT is also cost efficientband provides auditability & provenance. Bitcoin is the decentralized digital currency as well as the decentralized peer-to-peer payment network that is powered by its users with no central authority. 

With a view to understand  the role of technology and the vast scope of blockchain applications in the banking sector, FIIB is conducting a Finance Conclave on 12th January, 2019 at its campus at Plot No.- 5, Rao Tula Ram Marg, Opp. R.R. Hospital, Vasant Vihar, New Delhi- 110057.