Prashant _14BSPHH010488
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Transcript of Prashant _14BSPHH010488
DIGITAL INNOVATION IN BANKING SECTOR
PRESENTATION ON SUMMER INTERNSHIP PROGRAM
CONTENTS • Day 1 @ [x]cubelabs
• Expectations
• Tasks Assigned
• PurpleTalk Inc.
• Task Description:
• Studies
• Conclusions
• My connections
• Day 90 @ [x]cubelabs
ME
Nervous
Excited
Anxious
Hopeful
DAY 1 @ [x]cubelabs
EXPECTATIONS
• Inculcating the corporate culture.
• Learning the discipline of work environment
• Opportunity of learning tricks of trade
• Meeting creative minds
TASKS ASSIGNED
• Banking Sector
• App development
Digital Innovations
• Mobile tech in utility companies
E-book
• Personalized
• Connected
Renaissance Enterprises
Finding outsourcing advisory firm
• Big Data in travel
• Connected cars accentuating driving experience.
Connected Cars
• Digital Innovation in Banking
• e-Book
• Renaissance Enterprises
• Finding outsourcing advisory firm
• Connected Cars
• E- grocery app
• Disruptive Innovations
• Cloud Migration
• Renaissance.org
TASKS ASSIGNED
• Data Entry
• Monetization
E-grocery app
• Operations
• Think Disrupt Workshop
Disruptive Innovations
• Challenges
• Solutions
Cloud Migration
• Portal development
Renaissance.org
• Digital Innovation in Banking
• e-Book
• Renaissance Enterprises
• Finding outsourcing advisory firm
• Connected Cars
• E- grocery app
• Disruptive Innovations
• Cloud Migration
• Renaissance.org
PURPLETALK INC.
Digital Solution Provider
DIGITAL INNOVATION IN BANKING
Study on: 1. Impact of digitization on banks 2. Process of app development 3. Comparison of banks based on their implementation of digital
technologies 4. Future prospects for banks
Conclusions drawn: 1. Digitization has led to better services & multiple times growth. 2. Private banks have done better implementation 3. Future scope:
1. Modernized ATMs 2. Focus on mobile banking services 3. Video Banking
User Population
4
27
16
300
1.2
14.5
0.4
110
0 50 100 150 200 250 300 350
Active Internet banking users
Desktop Intenet users
Active Mobile banking users
Mobile Internet users
Graph showing various user population (in million)
2012 2015
Source: Asian Banker Research
Comparison of Banks on Net Asset Value
160.52
5946.42
2615.049
17922.346
116.56
4915.99
542.656
4919.22
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
20000
FY 2000 FY 2014
NE
T A
SS
ET
(IN
BIL
LIO
N ₹
)
FINANCIAL YEAR
Net asset comparison of top banks
ICICI SBI HDFC Canara Bank
Source: www.moneycontrol.com
APP DEVELOPMENT using RENAISSANCE ENTERPRISE
*Disclaimer: The above pics are property of [x]cubelabs and are not to be used anywhere else
E-Book: Mobile Tech in Utility Sector
Study on: 1. Impact of mobile technology in Utility Sector 2. Adoption methodology of mobile tech in utility sector.
Conclusions drawn: 1. Simpler and faster work 2. Efficient response to outages 3. Mobile technology a necessity
RENAISSANCE.ORG
Study on: 1. Companies focusing personalized disruption. 2. Companies focusing connected disruption. 3. Cases of technology assisting to achieve market leadership
Conclusions drawn: 1. Disruption necessary for survival in market. 2. Merging technology necessity for dominance Examples: zappos.com, Virgin America
Renaissance.org Portal: 1. Development of new open source platform for studying
disruptive innovation 2. Features of website
Conclusions drawn: For developing any open source UGC platform, few aspects to consider: 1. Promotion for increasing UGC 2. Monetization strategy. 3. Type of contents to be allowed on site.
CONNECTED CARS
Study on: 1. Effect of big data in travel 2. Impact of merging cars with technology
Conclusions drawn: 1. Technology has enhanced driving experience 2. Features like infotainment, entertainment. 3. New product offerings through big data. 4. Safety insured through features like black box
DISRUPTIVE INNOVATIONS
Study on: 1. Cases of disruption in operations 2. Think disrupt workshop
Conclusions drawn: 1. Changed operation methods has helped companies. 2. Some examples including South-West Airlines, Ford Motor Co. 3. Cloud technology, mobile internet and IOT main drivers of
disruption
CLOUD MIGRATION
Conclusions drawn: 1. Few challenges like security, loss of user control and
lack of flexibility in merging. 2. Opportunities presented
Study on: 1. Importance of cloud migration 2. Challenges & solutions in migrating to clouds
CONTENT DEVELOPMENT Automobiles: - Dash cam - Black Box
Banking: - Mobile banking solutions - Mobile Payment solutions
Construction: - Cost reference guide
Financial Services: - Mobile trading platforms
Healthcare: - Physician rounding Solutions - Mobile Administration Solutions
E-Grocery App
• Data Entry and data analysis for the new app
• Monetization of app
• Competition Strategy
Blogs on: - Canvasflip
- RideIT
- Feazt
- Infactum
MY CONNECTIONS
• Mr. Lipoc Imsong – HR
• Mr. Bhaskar Medhi – Director & Practice Head
• Ms. Arunima Kaul – HR
• Mr. Saptarshi Chaudhary – VP, Marketing
• Mr. Bharath Lingam – CEO
• Mr. Ravi Korukonda – COO
• Mr. Nandkishore Sahu – Senior Content Developer
MY CONNECTIONS
• Ms. Sanjana- Finance Team
• Mr. Pawan Teyari - Director, Sales
• Mr. Vivek Shukla – Project Manager
• Ms. Saloni Anand – Solution Strategist
• Ms. Talisha Mehra- Sales Team
• Mr. Rohan Kartik – Designer
DAY 90 @ [x]cubelabs
Happy
Inspired
Grateful
ME