Finance & Banking , Industry Specific , Video

Redefining Banking With 'Bank in a Box' Innovations

Professor D. Janakiram Discusses How 5G and Edge Cloud Could be a Game Changer
D. Janakiram, director, Institute for Development and Research in Banking Technology

The hyperconvergence of the communication and computing technology of 5G and edge cloud to offer virtualized services to customers in the form of a "bank in a box" will redefine the way banks will operate in the future, said professor D. Janakiram, director of the Reserve Bank of India's Institute for Development and Research in Banking Technology.

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"What we are proposing is to bring the edge cloud and 5G components such as AR and VR equipment together along with all the virtualized services of the bank, which is customized into the edge cloud, and place them in a mobile van connected with private network servers to offer as a 'bank in a box' concept to the rural customers," said Janakiram.

In this video interview with Information Security Media Group at ISMG's Dynamic CISO Excellence Awards and Conference, Janakiram also discusses:

  • How these innovations can be disruptive to the security ecosystem;
  • How to enhance user experience and reduce response time;
  • Banking services offered through "bank in a box."

Janakiram, a keynote speaker at the conference, has served as a professor at the Indian Institute of Technology Madras for over 30 years. His current research is on building large-scale distributed systems, cloud computing and blockchain technologies.

About the Author

Geetha Nandikotkur

Geetha Nandikotkur

Vice President - Conferences, Asia, Middle East and Africa, ISMG

Nandikotkur is an award-winning journalist with over 20 years of experience in newspapers, audiovisual media, magazines and research. She has an understanding of technology and business journalism and has moderated several roundtables and conferences, in addition to leading mentoring programs for the IT community. Prior to joining ISMG, Nandikotkur worked for 9.9 Media as a group editor for CIO & Leader, IT Next and CSO Forum.

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