Brandwidth Events Manages BankBazaar Paperless Finance Conclave

by  EVENTFAQS Bureau Business Events | September 28, 2017 | News

The BankBazaar Paperless Finance Conclave took place on September 12, 2017 in St. Regis, Mumbai. Powered by ET Now as the official broadcast partner, the conclave saw more than 200 eminent bankers, industry influencers and regulators come together to discuss ways to fast-track paperless access to finance in India. The event’s highlight was the keynote speech on financial sector reforms by Amitabh Kant, CEO, NITI Aayog. The first-of-its-kind conclave was managed by Brandwidth Events.

Adhil Shetty, CEO, BankBazaar welcomed the guests with interesting insights on why paperless banking is necessary and the benefits it holds for both the environment and self. This was followed by the keynote speech by Mr. Amitabh Kant, CEO, NITI Aayog, in which he emphasized on the need to push OTP-based eKYC and an increase in the caps on loan and deposit accounts opened through this channel. 

Next was the two insightful panel discussions, where top executives from some of India's largest financial and regulatory institutions deliberated on paving the way towards a fully paperless system. The key panelists at the event included Dr. Sushanta Kumar Kar – CGM, Dept. of Banking Regulation, RBI, Zarin Daruwala – CEO, Standard Chartered Bank, Vijay Jasuja – MD, CEO SBI Card, Manoj Adlakha – SVP & CEO, American Express, Rajesh Sud – EVC & MD, Max Life Insurance,  Puneet Nanda – ED, ICICI Prudential, Anup Bagchi – ED, ICICI Bank, Anjan Dasgupta – Partner, HAS Advocates, Deepak Sharma, Chief Digital Officer, Kotak, Arvind Kapil – Country Head, Unsecured Loans, Home & Mortgage Loans, HDFC Bank, Jayesh H – Co-founder, JURIS Corp, Ugen Bhatia – GC, SBI Card and Shinjini Kumar – Consumer Business Manager, CITI India.

The agenda to host the BankBazaar Paperless Finance Conclave was to encourage paperless banking. Paperless access via Aadhaar to financial products will transform India by ensuring financial inclusion with easy access to credit, insurance, savings, and investments. The Government of India, through the development of Aadhaar, e-Sign & DigiLocker has created the ecosystem in which financial institutions can offer consumers access to financial products via their mobile phones. The use of mobile technology for paperless financial access will drastically reduce operational costs associated with physical branches, paper document pick-up, manual processing, and the risks associated with misselling, duplicate KYCs and fraudulent manipulation of paper documents leading to NPAs. Mobile-based paperless access to financial products for every Indian will increase credit flow, further the growth of the insurance sector and increase participation in our securities markets.

The night was concluded with dinner and networking amongst the guests. The event later was telecasted on ET NOW on September 17, 2017.