Union Bank of India, Field General Manager’s Office, Ranchi in collaboration with Reserve Bank of India, Ranchi conducted a workshop on December 13 on the Subject “Fintech transforming Finance – Dive into Digital Banking, Digital Currency and Beyond” in Hotel Capitol Residency, Ranchi.
The seminar started with the welcome of Anuj Ranjan, General Manager, Fintech Division, Reserve Bank of India, Central Office, Mumbai by Binod Kumar Pattanaik, Field General Manager, Union Bank of India, Ranchi and Sanjiv Sinha, General Manager & Officer-in-Charge, RBI, Ranchi.
Senior Officials of RBI, Ranchi Office, State Heads/Regional Heads/ Zonal Heads of Public Sector & Private Sector Banks, GM NABARD, AGM SIDBI & Zonal/Regional heads of Small Finance Banks in Ranchi along with few prominent customers remained present during the event.
Binod Kumar Pattanaik, Field General Manager, Union Bank of India during his welcome speech told that “We are witnessing a sea of change in the banking sector and in every walk of our life due to the technological advancements, innovations and its increasing applications. This is a crucial crossroad for the banking industry, where on one side the norms of age-old banking has been challenged by the Fintechs and on another side the technological advancements has opened the use of various applications viz. Artificial Intelligence, API (Application Programming Interface), Robotics, Analytics, Cloud Computing, IOT (Internet of Things) and yes the much talked about Blockchain technology. Thus we have to take a step forward with positive note towards the future banking.”
In his Introductory Speech, Sanjiv Sinha, General Manager & Officer-in-Charge, RBI, Ranchi expressed his views on what this workshop aims to achieve. Sinha highlighted the progression in the journey of Fintech story in our financial system, the impact in terms of customer convenience and user experience created by digital banking tools like Internet Banking, ATMs & payments apps.