|Date Awarded||22 Jan 2021 5:00pm EST (9 months ago)|
Cooperative Banks are a focused segment in themselves within the Banking Industry. Business size not as large as enterprise commercial banks, Coop banks have a strong demand for scalable, robust, compliant, secure, and equally reliable technologies compared to their commercial counterparts. The budgets or the ticket size may be low, but decision making is absolutely fast. The presence of over 1500+ UCBs, 300+DCCBs and SCBs, and few thousands of Primary Agricultural and cooperative Credit societies make them a very relevant segment for any technology company worth its mettle serving this sector.
Since 2007, Banking Frontiers has been organising an interesting summitcum- Awards function titled the Frontiers in Coop Banking Awards for this sector and has been consistently promoting top of the end technologies which can empower this sector to achieve Robust growth.
In 2021, post pandemic the sector’s need for total digital transformation, security, Process Automation, secure and efficient payments, and efficient lending and risk management has gone notches up.