CNBC TV 18 conducted an interview with Shri Mrutyunjay Mahapatra- MD & CEO, Syndicate Bank & Shri Madhivanan Balakrishnan COO, IDFC First Bank. Various important areas of Risk Management and the role of technology being integral to it in banking were discussed. The fact that traditional technology systems are very mature and that the Core banking system is enabling a reduction in operational risk significantly was brought to light. Importance of technology to speed up the access to data and mitigate borrower defaulting and cyber risk were discussed.
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