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Bangalore
Member since
2023
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Security Payments Regulation & Compliance People Wealth management Retail banking Wholesale banking Sustainable Financial inclusion Markets

Raktim's blog archive

2024 (13) 2023 (11)
Raktim Singh
Accolade: Blog group founder

Raktim Singh

Senior Product Leader at Infosys
Message Message me Posts: 24 Comments: 10
Bio I am working in Infosys FINACLE from 1995.I have worked in various domains like corporate banking, wealth Management, Digital banking. I am author of Amazon Best Seller 'Driving Digital Transformation', which has been sold in more than 20 countries. I write on various topics related to technology and fintech at my website www.raktimsingh.com. Career History I had done B.TECH from IIT BHU. I am a TEDx speaker and my talk 'How Digital Transformation can help common person' was globally watched. My website is www.raktimsingh.com.

Blogs

Technology for Social Good

Role of Technology in Circular Economy

02 Feb 2024

Technology emerges as a driving force in shaping the Circular Economy in this evolving dance between progress and environmental stewardship. Going beyond models of production and consumption, technology infuses innovation, transparency, and efficiency into practices at its core. These advancements pave the way for a future where resources are value...

Technology for Social Good

Why Digital Trust is important for banks

31 Jan 2024

In his renowned book "The SPEED of Trust: The One Thing That Changes Everything," Stephen Covey emphasizes that the outcomes of one's efforts are determined by trust. To illustrate this concept, Covey alters the traditional business equation Results = Strategy x Execution to read Results = Trust (Strategy x Execution). Stephen Covey's tr...

Technology for Social Good

Technology for Social Good

27 Jan 2024

In a world where Technology has become deeply ingrained in our lives, its ability to bring about change and contribute to the betterment of society goes beyond mere convenience and efficiency. The true strength of Technology lies in its potential to act as a driving force for initiatives that tackle challenges and foster positive transformation. U...

Futuristic Banking

How Programmable Money Will Revolutionize the Financial World

24 Jan 2024

"Programmable Money" is founded on the principle that its issuer can prescribe its usage, transferees, daily spending limits, and even a termination date. One can put any number of conditions in "Programmable Money." It is a monetary system in which operations are performed automatically, programmatically, and through smart cont...

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Raktim is Commenting on

Panoptic Personalization in Banking

  Thanks for reading the article and your input. To start with, almost members of society, including GENz is looking for personalized expereince as they already get the personalized expereince from various social media platforms. There are reports from all analysts, which provide the data and need for personalized expereinces by banks & financial institutions.  Hope this clarfies.  

25 Jan 2024 Reply Read article

How Programmable Money Will Revolutionize the Financial World

  Thanks for reading this article and your input. As I have mentioned in the article, we want to again stress on 2 points. 1. In most cases, technology has helped us in reducing the cost. The 'What' part has remained the same, but the 'How' is different. This is true here also. Though earlier, one could have also achieved the requirements of 'releasing funds only after certain conditions are met,' but that was done through separate functions. In banking, it means that separate Standing Orders need to be set up for daily fund transfers. In the case of stock trading, a separate margin account needs to be maintained. With "Programmable money," those overheads can be removed, costs can be saved, and those benefits can be passed on to the customer.  2. With "Programmable Money," the logic is embedded into the value. In the current system, the value ( amount ) is stored separately. And that is fetched using a function call or API. This a big difference.  Hope this clarifies.

25 Jan 2024 Reply Read article

Why Do We Need Strong Resilient Financial System

  Agree Chris. Application, on its own, should be modular, should have well defined & demarketed components  and (should be) scalable. If the underlying application is not properly defined, than in short term, cloud can help in scaling the application but that will be very costly.   

04 Jan 2024 Reply Read article

Time for Micro-Credentials

  Very insightful and informative post. This is very much required now. The strange part is that today many tools are there, which can help you in knowing/ascertaining the credential as well as give total 360 degree view of a website ( Think of DA/PA score etc) or various index, which tells, how strong your social media profile is. But an individual doesn't have 'an identetity' which tells everything about him.  

04 Jan 2024 Reply Read article