MUMBAI, MAHARASHTRA – October 27, 2023
The 4th Annual BFSI Excellence Awards 2023, hosted by Quantic India, was a momentous event that celebrated the most complex revolution of the decade. As one of the leading tech event companies in India, Quantic India has long been recognized for its innovative solutions, and this year’s awards did not disappoint. With representatives from various industries and fields in attendance, the awards showcased some of the best cyber security initiatives from around the country.
The 4th Annual BFSI Excellences Awards 2023 is an event that has seen some of the most informative and innovative panel discussions by experts in the field of Banking, Financial Services and Insurance. From industry leaders to professional practitioners, the esteemed panelists shared their valuable insights revolving around the balance between innovation and security, how the digital transformation is changing the customer experience, the digital transformation in the BFSI industry, the impact of AI and Machine Learning on insurance operations, the role of the insuretech startups in the industry, the role of technology in transforming the banking sector in India, the use of digital banking and its impact on Customer Experience and different regulatory changes are impacting the technology adoption in the Banking industry.
It was an opportunity of a lifetime for attendees to connect with more than 25+ speakers from different perspectives and domains, interact with award winners from over 100+ organizations, and network with 15+ solution providers under one roof. The event was a platform to recognize and appreciate the dynamic leaders across different business verticals who have made it big in their respective fields.
Panel 1: Decoding the Role of Digital Leaders in Transforming the BFSI Industry
Expert Moderator for the Panel :
Saket Newasker, Director for digital Technologies, Expleo
Our Eminent Panellists for the Panel :
- Smitesh Shah: Chief Technology Officer, Ambit Fintech Pvt. Ltd.
- Sandeep Chordia: Joint President and CDO, Kotak Securities
- Vishal Bhatia: Chief Digital Officer, Canara Bank
- Rana Sinha Ray: Head – Digital Transformation, HDFC Bank
- Suryaprakash Bajoria:, Vice President – Digital Technology, Star Union Dai-chi Life Insurance Co. Ltd
- Ashish Muttreja: Director – Solution Engineering, Oracle Application
- Nikhil Bandi: Chief Technology, Operations & Digital Officer, APAC Financial Services Pvt. Ltd.
Panel 2 : The Shifting Role of the Tech Leader in Insurance – Staying Ahead of the Game
Expert Moderator for the Panel :
Mahesh Agrawal: Head Core IT Application and Information Management, SBI General Insurances
Our Eminent Panelists for the Panel :
- Rupesh Mehta: Senior Vice President Information Technology, TATA AIA Life Insurance,
- Shanti NarayanSwamy: Head IT Application, ManipalCigna Health Insurance Company Ltd.
- Pawan Dalmia: AVP IT – Cloud and Technology Infrastructure, A Leading Insurance Company
- Aditya Kulkarni: Deputy Vice Versa, Star Union Dai-chi Life Insurance Co Ltd
- Sagar Pardeshi: Lead Enterprise Architect, Check point Software Technologies
Panel 3 : Leveraging Technology to Improve Efficiency in Banking – Current Trends and Roadmap
Expert Moderator for the Panel :
Rakesh Kunwar: National Sales Manager, IAM, Data Security India, OpenText
Our Eminent Panellists for the Panel :
- Abhijeet Dey: Vice President Product Head – API Banking, Axis Bank
- Vaidyanathan V: Chief Information Officer, Unity Small Finance Bank
- Shekaar Subramanian: Head of Structured Finance (Private debt, aco- lending & Alternative Assets), Fedbank Financial Services Ltd – FedFina
- Sachin Pethe: Senior Vice President & Head IT – Retail Banking and Wealth Management, HSBC
- Rajesh Choudhary: Chief Information Officer, CSB Bank Limited
- Suresh Kumar: Vice President IT, Federal Bank
- Abhijeet Bhattacharjee: Chief Information Officer, Utkarsh Small Finance Bank
- Pradeep Vasudev: Co- founder & COO, Assertion Inc
After each and every immensely knowledgeable panel discussion Quantic India honored different industrial domain experts and companies who bagged the below category of awards for their contribution in the long run:
Companies Who Won at The 4th Annual BFSI Excellence Awards 2023
- Best Banking Initiative in Social Sector: ESAF Small Finance Bank
- Best Financial Inclusion Initiative of the Year (Payments Bank): Fino Payments Bank Ltd.
- Best Data Center Modernization Initiative (Private Bank): Karur Vysya Bank
- Best Use of Data & Analytics Project (Lending Finance Company): Aye Finance
- Best Use of Emerging Technology for Business Growth (Capital Markets): Mirae Asset Capital Markets (India) Pvt. Ltd.
- Best Digital Transformation Initiative of the Year (Housing Finance): PNB Housing Finance Ltd.
- Best Use of Technology in Customer Service (Life Insurance): ICICI Prudential Life Insurance Co. Ltd.
- Best Customer Experience Strategy (Education FinTech Startup): Kuhoo Technology Services Pvt. Ltd.
- Best Financial Inclusion Initiative (Digital Financial Services): PayNearby
- Best IT Team (Microfinance): Spandana Sphoorty Financial Ltd.
- Best Digital Transformation Initiative of the Year (Financial Services): Bajaj Finserv Direct Ltd.
- Best App Modernization Project of the Year (Public Sector Bank): Bank of India
- Best Digital Initiative to Enhance NPS (Life Insurance): Bharti AXA Life Insurance
- Consumer Education Initiative (Life Insurance): Star Union Dai-ichi Life Insurance
- Best Digital Transformation Initiative of the Year (Lending Tech): Ashv Finance Ltd.
- Best Digital Initiative in Quick Loan Disbursement (FinTech): Fintree Finance Pvt. Ltd.
- Best Digitization in Customer Experience (Foreign Bank): DBS Bank India Ltd.
- Best Digital Transformation Initiative of the Year (Retail Finance): L & T Financial Services
- Best Insurance Company in Sustainable Corporate Social Responsibility (Life Insurance): Ageas Federal Life Insurance Company Ltd.
- MSME Lending Finance Startup of the Year: Purple Finance Ltd.
- Community-Focused Tech Innovation of the Year: Onionlife Pvt. Ltd. (Karmalife)
- Best Bank with Technology Orientation (Small Finance Bank): Unity Small Finance Bank Ltd.
- Financial Literacy Program of the Year (Small Finance Bank): Ujjivan Small Finance Bank
- Best Digitization in Customer Experience (Asset Management Company): Nippon Life India Asset Management Ltd.
- Product Innovator of the Year (Health Insurance): Bajaj Allianz General Insurance Co. Ltd.
- Best Customer Centric Initiative (Life Insurance): Reliance Nippon Life Insurance
- P2P Lending Finance Company of the Year: Fairassets Technologies India Pvt. Ltd. (Faircent.com)
- Best Use of Technology (General Insurance): Universal Sompo General Insurance
- Technology Champion of the Year (General Insurance): Zuno General Insurance Ltd.
- Best Customer Centric Innovation in Mobile App (Insurtech): Insurance Samadhan
- Best Banking Initiative for Digitizing Collection Process (Small Finance Bank): Fincare Small Finance Bank
- Best Digitization in Customer Experience (Wealth Management): Nuvama Asset Management
- Best Digital Initiative in Quick Loan Disbursement (Lending Tech): Arthan Finance Pvt. Ltd.
- Upcoming Housing Finance Company of the Year: Agrim Housing Finance Pvt. Ltd.
- Wealth Management Company of the Year: 360 ONE Wealth.
- Best Software Development Project for Business Growth (Wealth Management): India Advantage Securities Pvt. Ltd.
- Best Use of Technology in Underwriting Optimization (Life Insurance): HDFC Life Insurance Company Ltd.
- Best IT Team (Lending Finance): Svamaan Financial Services Pvt. Ltd.
- Best Data Center Modernization Initiative (Depository Services): Central Depository Services India Ltd.
- Financial Inclusion Program of the Year (Rural Finance): Dvara KGFS
- Rising Star – Housing Finance Company of the Year: India Shelter Finance Corporation Ltd.
- Best Financial Literacy Initiative for Women (Payments Bank): India Post Payments Bank
- Innovative Use of API Stack in Banking Technology (Small Finance Bank): Equitas Small Finance Bank
- Wealth Management Startup of the Year: Paytm Money
- General Insurance Company of the Year: SBI General Insurance Company Ltd.
- Best Technology Initiative (Life Insurance): Aditya Birla Sun Life Insurance Company Ltd.
- Most Future Ready Bank of the Year (Cooperative Bank): TJSB Sahakari Bank Ltd.
- Best Digital Awareness Campaign (General Insurance): Cholamandalam MS General Insurance Pvt. Ltd.
- Insurtech Startup of the Year: InsuranceDekho
- Best Omni channel Marketing Campaign (Broking & Investment): ICICI Securities
- Upcoming Investment Management Company of the Year: Samco Mutual Fund
- Best Skill Development Program of the Year (Lending Finance): Manappuram Finance Ltd.
- Excellence in Customer Experience Enhancement (Life Insurance): Bajaj Allianz Life Insurance
- Best Technology Implementation for Business Growth (Investment Advisory): Research & Ranking
- Best Use of AI in Fraud Detection (General Insurance): TATA AIG General Insurance Company Ltd.
- Best Use of RPA in Insurance (General Insurance): Magma HDI General Insurance Company
- Best Digital Bank of the Year (Payments Bank): Paytm Payments Bank Ltd.
- Best Platform for SME Financial Growth: EnKash
- Best Financing Platform to Accelerate Business Growth (Supply Chain Finance): Cashinvoice
- Best Brand Awareness Campaign (Investment Management): YES Securities (India) Ltd.
- Best Technology Bank of the Year (Cooperative Bank): The Cosmos Co-operative Bank Ltd.
- Best Use of Emerging Technology for Business Growth (Financial Services): Edelweiss Financial Services Ltd.
- Best Digital Transformation Initiative of the Year (Lending Finance): Fedbank Financial Services Ltd.
- Best FinTech and Bank Collaboration: CredAble
- Best Technology Re-orientation Initiative Delivering Business Value (Housing Finance): Aadhar Housing Finance Ltd.
- Best App Modernization Project of the Year (Asset Management): Axis Mutual Fund
- Best Use of AI & ML in LMS Transformation (Broking & Investments): Reliance Securities
- Best Use of AI in Chatbot (General Insurance): ICICI Lombard General Insurance Company Ltd.
- Best Insurance Broker of the Year: Aditya Birla Insurance Brokers Ltd.
- Best Technology Adoption Delivering Business Value (Cooperative Bank): SVC Co-operative Bank Ltd.
Individuals who won at The 4th Annual BFSI Excellence Awards 2023
- Top 5 CDO of the Year: Sandeep Chordia, Kotak Securities Ltd.
- Top 10 CTO of the Year: Viral Davda, NCDEX
- Top 5 CIO of the Year: Aditya Nabar, Hiranandani Financial Services Pvt. Ltd.
- Top 10 CTO of the Year: Sankaranarayanan Raghavan, IndiaFirst Life Insurance Company Ltd.
- Top 5 CIO of the Year: Akhil Kumar, Mizuho Bank
- Top 10 CTO of the Year: Sudesh Puthran, CreditAccess Grameen Ltd.
- Top 10 CTO of the Year: Rupesh Mehta, Tata AIA Life Insurance
- Top 10 CTO of the Year: Nimesh Verma, Upwards Fintech Pvt. Ltd.
- Top 10 CTO of the Year: Binod Roy, Wonder Home Finance Ltd.
- Top 10 CTO of the Year: Vivek Gupta, CoinDCX
- Top 5 CDO of the Year: Anand Maliwal, Inditrade Capital Ltd.
- Top 10 CTO of the Year: S Samson Santhosh, L & T Financial Services
- Top 5 CIO of the Year: Melwyn Rebeiro, Julius Baer Wealth Advisors (India) Pvt. Ltd.
In today’s ever-evolving business climate, the need for proven solutions has never been greater. At the event, some of the most innovative and experienced solution providers showcased their success stories and presented case studies. With creative solutions to address the complexities of emerging industries, these solutions providers demonstrated their ability to provide businesses with a competitive edge. Attendees had the opportunity to network with like-minded professionals and gain insight into how modern technology can help streamline business processes.
- iValue InfoSolutions Pvt. Ltd.: Presenting Partner
- Oracle, Sophos, Elait: Co- Presenting Partners
- Hitachi, Tableau & Sactterpie Analytics (With Distribution Partner: Savex): Powered By Partners
- OpenText, Check Point Software Technologies Ltd.: Co-powered By Partners
- Expleo: Awards Hosted By
- ASSERTION Inc: Associate Partner
- CyborgIntell, EverestIMS Technologies Pvt. Ltd, VideoCX.io, BOTM by AQM Technologies: Exhibit Partners
- Tekno Point/ DEPT & Adobe: Lanyard Partners
- Credentek: Corporate Partner
- Quantic Connect: Media Partner
After mapping the revolutionized digital landscape within the BFSI industry, Quantic India will further analyze the future concerns arising in this industry and come soon with its next edition.
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