PricewaterhouseCoopers (PwC) released the PwC-CII Research Report on “Technology Readiness of Indian Banks” based on a survey, conducted jointly by PwC and CII. The report examines the technology readiness of Indian Banks and served as a backdrop to the Banking Tech Summit 2007: “Expanding Horizons through Technology”.
There is consensus amongst the senior executives in the banking industry that there exists significant opportunities for the Banking Industry to leverage Technology as an enabler for gaining competitive advantage. At the same time, there are significant challenges that need to be addressed. For technology to drive the competitive advantage in a sustainable fashion, banks need to have clearly defined strategic goals and translate them into appropriate IT goals. The purpose of this study is to understand if Banks in India have the right foundations in place to leverage technology to its maximum potential.
The research comprised of face to face interviews with senior IT executives at Indian Banks, and was further supplemented with PwC research covering industry sources as well as PwC Global Best Practices.
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