SBI, Bank of Baroda, Union Bank of India, Bank of Maharashtra, IndusInd Bank, City Union Bank won multiple Awards
City Union Bank team, led by Dr N Kamakodi, MD & CEO, accepted IBA awards in a number of categories
FinTech BizNews Service
Mumbai, February 14, 2024: IBA organised 19th Annual Banking Technology Conference, Expo & Citations, last week with the theme of ‘Building the AI-enabled Bank of the Future’. Esteemed Jury Members included Dilip Asbe, Gagan Rai and Dr. Deepak B. Phatak.
SBI, Bank of Baroda, Union Bank of India, Bank of Maharashtra, IndusInd Bank, City Union Bank won multiple – 5 or more -Awards.
Bank of Baroda (Bank), one of India’s leading public sector banks, was named the winner for “Best AI & ML Bank” and “Best Technology Talent” among Large Banks at the Indian Banks' Association’s (IBA) 19th Annual Banking Technology Awards 2023. The Bank also received a Special Mention in four award categories – Best Technology Bank, Best IT Risk Management, Best Fintech & DPI Adoption and Best Financial Inclusion.
Shri Debadatta Chand, Managing Director & CEO, Bank of Baroda said “Technology is today at the heart of a banking institution. With the rapid advancements in the tech landscape along with our customers’ expectations from their bank, we will continue to invest in emerging technologies as we lay the foundation for the bank of the future. We would like to thank IBA for conferring Bank of Baroda with these prestigious awards.”
Bank of Baroda has been working on a wide range of Artificial Intelligence & Machine Learning use cases over the last few years and has also started initial exploration of potential use cases in Generative AI (GenAI). The Bank is also implementing enhanced cyber security capabilities with the help of AI & ML. The Bank has established an enterprise-wide data and analytics platform and is undertaking an architecture and application modernisation program, aimed at transforming the Bank into a customer-first digital organisation.
The list of banks, which won more than 1 awards, is as follows:
1 SBI, led by Dinesh Kumar Khara, Chairman, won awards in categories of:
Best Financial Inclusion–Winner; Best IT Risk Management–Winner; Best Fintech & DPI Adoption-Winner; Best Digital Engagement–Runner Up and Best AI&ML Bank–Special Mention.
2 Bank of Baroda won awards in categories of:
Best Technology Talent –Winner; Best AI&ML Bank–Winner; Best IT Risk Management–Special Mention; Best Technology Bank–Special Mention; Best Fintech & DPI Adoption–Special Mention; Best Financial Inclusion–Special Mention
3 Union Bank of India, led by Ms A. Manimekhalai, MD & CEO, won awards in categories of:
Best Technology Bank–Winner; Best Digital Engagement–Runner Up; Best IT Risk Management–Runner Up; Best Technology Talent–Special Mention; Best Financial Inclusion–Special Mention
4 HDFC Bank, led by Sashidhar Jagdishan, MD & CEO, won awards in categories of:
Best Digital Engagement–Winner; Best Technology Talent–Special Mention
5 Axis Bank, led by Amitabh Chaudhry, CEO, won awards in categories of:
Best Technology Talent–Runner Up; Best Technology Bank–Runner Up; Best AI&ML Bank–Runner Up
6 Canara Bank, led by K Satyanarayana Raju, MD & CEO Canara Bank, won awards in categories of:
Best Fintech & DPI Adoption–Runner Up; Best Financial Inclusion–Runner Up; Best Digital Engagement–Special Mention Canara Bank
7 Punjab National Bank led by A K Goel, MD & CEO, won awards in categories of:
Best Fintech & DPI Adoption–Runner Up
8 Bank of Maharashtra, led by A S Rajeev, MD & CEO, won awards in categories of:
Best IT Risk Management –Winner; Best Fintech & DPI Adoption–Winner; Best Technology Talent–Runner Up; Best Technology Bank–Runner Up; Best Financial Inclusion–Runner Up; Best Digital Engagement–Special Mention; Best AI&ML Bank –Special Mention
9 IndusInd Bank, led by Sumant Kathpalia, MD & CEO, won awards in categories of:
Best Digital Engagement –Winner; Best Technology Bank–Winner; Best IT Risk Management–Runner Up; Best AI&ML Bank–Runner Up; Best Technology Talent–Special Mention; Best Fintech & DPI Adoption–Special Mention
10 Indian Overseas Bank, led by Ajay Kumar Srivastava, MD & CEO, won awards in categories of:
Best Technology Talent–Winner; Best Financial Inclusion–Winner; Best Fintech & DPI Adoption–Runner Up; Best Technology Bank–Special Mention; Best AI&ML Bank–Special Mention;
11 Federal Bank, led by Shyam Srinivasan, MD & CEO, won awards in categories of:
Best AI&ML Bank –Winner; Best Digital Engagement–Runner Up; Best Financial Inclusion–Special Mention
12 City Union Bank, led by Dr N Kamakodi, MD & CEO, won awards in categories of:
Best AI&ML Bank –Winner; Best Fintech & DPI Adoption–Winner; Best Financial Inclusion–Winner; Best Digital Engagement–Runner Up; Best IT Risk Management–Runner Up; Best Technology Talent–Runner Up; Best Technology Bank –Special Mention
13 South Indian Bank, led by PR Seshadri, MD & CEO, won awards in categories of:
Best IT Risk Management–Winner; Best Technology Talent–Winner; Best Technology Bank–Winner; Best Financial Inclusion –Runner Up; Best Digital Engagement–Special Mention; Best Fintech & DPI Adoption–Special Mention
14 Karur Vysya Bank, led by B Ramesh Babu, MD & CEO, won awards in categories of:
Best Digital Engagement–WinnerBest IT Risk Management–Runner UpBest Technology Bank –Special MentionBest Fintech & DPI Adoption–Special MentionBest Financial Inclusion–Special Mention
15 RBL Bank, led by R Subramaniakumar, MD & CEO, won awards in categories of:
Best Technology Bank–Runner UpBest Fintech & DPI Adoption–Runner UpBest AI&ML Bank –Runner UpBest Technology Talent–Special Mention
16 Karnataka Bank, led by Srikrishnan H, MD & CEO, won awards in categories of:
Best Fintech & DPI Adoption–Runner Up; Best AI&ML Bank–Special Mention
17 HSBC Bank, led by Hitendra Dave, CEO, won awards in categories of:
Best IT Risk Management –WinnerBest Technology Bank–Winner
18 Baroda Rajasthan Kshetriya Gramin Bank, led by, Yadav S Thakur, Chairman, won awards in categories of:
Best Technology Bank –Winner; Best Digital Engagement–Winner; Best Fintech & DPI Adoption–Winner; Best Financial Inclusion–Winner; Best Technology Talent –Runner Up; Best IT Risk Management–Special Mention; Best AI&ML Bank –Special Mention
19 Karnataka Gramin Bankled by, G R Dilli Babu, Chairman, won awards in categories of:
Best IT Risk Management –Winner; Best Technology Talent–Winner; Best Financial Inclusion –Special Mention
20 Telangana Grameena Bank, led by Y Sobha, Chairperson, won awards in categories of:
Best AI&ML Bank –Winner; Best Technology Bank–Runner Up; Best Fintech & DPI Adoption –Runner Up; Best Digital Engagement–Special Mention
21 Kerala Gramin Bank, led by Jayaprakash C., CEO, won awards in categories of:
Best Technology Bank –Runner Up; Best Digital Engagement–Runner Up; Best Financial Inclusion–Runner Up; Best IT Risk Management–Special Mention; Best Technology Talent –Special Mention; Best Fintech & DPI Adoption –Special Mention
22 Rajasthan Marudhara Gramin Bank, led by,
Mukesh Bhartia, Chairman, won awards in categories of:
Best IT Risk Management –Runner Up; Best AI&ML Bank–Runner Up; Best Technology Bank –Special Mention; Best Digital Engagement–Special Mention
23 AU Small Finance Bank, led by Sanjay Agarwal, MD & CEO, won awards in categories of:
Best Digital Engagement –Winner; Best Technology Talent–Winner; Best Financial Inclusion–Winner; Best IT Risk Management–Runner Up; Best Technology Bank –Special Mention; Best AI&ML Bank –Special Mention
24 Ujjivan Small Finance Bank, led by Ittira Davis, MD & CEO, won awards in categories of:
Best IT Risk Management –Winner and Best Financial Inclusion–Runner Up
25 The Cosmos Co-op Bank, led by Apekshita Thipsay, MD & CEO, won awards in categories of:
Best IT Risk Management–Winner; Best Technology Bank–Winner; Best Digital Engagement–Runner Up; Best Technology Talent–Runner Up; Best Fintech & DPI Adoption –Special Mention
26 TJSB Sahakari Bank, led by Ms Subbalakshmi Shirali, MD & CEO, won awards in categories of:
Best Technology Talent –Winner; Best Digital Engagement–Winner, Best Technology Bank –Runner Up