Banknet Summit to discuss top priorities for banks in 2009

Mumbai, Apr 23(ANI/Business Wire India): Banknet's "Fifth Annual CTO-CXO Summit" will be held in Mumbai on June 5.

It will have discussions on the top priorities for banks in 2009 in Four Focused Sessions.

Fifth Edition of CTO-CXO Summit will commence with an exclusive "Round Table Session" where top executives of major banks, FI's will have an in-depth discussion on role of technology in providing effective solutions to banks in managing downturn and building up business.

Summit will bring together on one platform C-level Executives like CEO, COO, CIO, CTO and a large number of senior functionaries from BFSI and IT-ITES sector.

Nearly 700 financial institutions / companies from 24 countries had been represented at earlier Banknet Conferences. This included delegates from nearly every major bank in India.

Banknet Team interactions with the senior bankers in India made it clear that priorities are now changing. Operational efficiency and cost cutting are definitely the order of the day. Banks in India will continue spending on technology especially in the priority areas in 2009.

On the basis of industry feedbacks, Banknet has identified the "Top Priority Areas for Banks in 2009" as mobile banking and payments; risk management and compliance; - cyber security and frauds and business intelligence, CRM, data mining. (ANI)