Karnataka Bank Secures Top Honours at IBA Banking Technology Awards 2024
| Aspect | Details |
|---|---|
| Event | 20th Annual Banking Technology Conference, Expo & Citations, 2024 |
| Organized by | Indian Banks' Association (IBA) |
| Bank | Karnataka Bank |
| Awards Won | 1. Best Tech Talent and Organisation - Runner Up 2. Best IT Risk Management - Runner Up 3. Best Technology Bank - Runner Up 4. Best Fintech and Digital Payment Integration - Runner Up 5. Best Digital Sales, Payments, and Engagement - Special Mention 6. Best AI and ML Adoption - Special Mention |
| Key Initiatives | - AI/ML adoption for personalized banking, chatbots, and phone banking. - Advanced cybersecurity measures, including Vulnerability Assessment (VA), Penetration Testing (PT), and Global Server Load Balancing (GSLB). - Digital Payment Integration (DPI) with CBDC and UPI/IMPS. - Data Lake and Kafka for Change Data Capture. |
| Leadership | Srikrishnan H, Managing Director & CEO of Karnataka Bank |
| Centres of Excellence | Technology Centre, Digital Centre of Excellence (DCoE), and Analytical Centre of Excellence (ACoE) in Bengaluru |
| Past Accolades | - 2016: Runner Up in 'Best Risk and Fraud Management Initiative'. - 2017: Winner in 'Best Financial Inclusion Initiatives', Runner Up in 'Best Use of Digital and Channels Technology'. |