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Business EconomyPosted at: Jun 20 2018 8:31PM


Bank of Baroda collaborates with IBM

Mumbai, Jun 20 (UNI) Bank of Baroda, India's second largest public
sector bank, on Wednesday announced a collaboration with global
technology majors, IBM and Accenture, to power a 'state-of-the-art'
IT Center of Excellence and Analytics Center of Excellence,
respectively.
Speaking about the partnership with Bank of Baroda, Karan Bajwa,
managing director, IBM India, said, "The banking sector is
witnessing a massive shift wherein digital is no longer about a new
or faster user interface, rather, it is about re-imagining how to
reach customers faster."
The future of banking lies in innovation, wherein banks need to
digitise in line with customer expectations, modernising the backend
and incorporating a cognitive strategy to make use of the vast
amounts of proprietary data banks possess and create the experiences
that today’s customers demand, he said.
Across the world and in India, IBM solutions were helping banks to
digitally transform their organisations, he said.
"The collaboration will also give us the opportunity to bring in
talented technologists and a wealth of creative new ideas that will
possibly help us shape the next wave of technology with a highly
energised and engaged team of the Bank," Mr Bajwa added.
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