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