28 Jun Nuvento displays its tech capabilities in banking at the 7th AIUCB event
The 7th All India Urban Co-operative Banking Summit & Award 2023 was held in Mumbai, and it was a great opportunity to explore various challenges with technology adoption and digital transformation in the Indian co-operative banking sector. With the theme “Infusing Professionalism through Technology,” the summit helped us understand the various banking aspects for the growth and development of urban co-operative banks.
The event reinforced and highlighted technology as a vital tool to achieve efficiency and excellence in the banking sector. The event was a reminder that professionalism is not just a goal but a continuous journey, requiring ongoing effort, planning, and adaptation to keep pace with the evolving landscape of the banking sector.
One of the highlights of the summit was the opportunity to engage with distinguished dignitaries who have played a significant role in shaping our economy and the financial sector. Their presence and expertise added immense value to the discussions.
The event was a remarkable platform for networking and interaction, providing valuable insights into the challenges faced by the banking sector. With meaningful conversations and potential prospects, it enabled us to showcase our various services and solutions for solving the unique challenges in the banking sector. The popularity of Nuvento’s intelligent document processing solution, Docketry, which can address the various document challenges in the BFSI sector, emphasized the need for innovative solutions that can help banks cater to the needs of customers in the digital era.
“It was a highly focused and interactive event. We had a huge turnout of delegates at our booth. Delegates could easily relate to the problems that we solve as their own and were interested in how our solutions and services could help them in digital transformation, especially Docketry.”
BU Head of Products, Nuvento
Some of the key takeaways from the event were,
- There is a rising need for tech adoption in the urban corporative banking sector to cater to tech-savvy customers.
- Local touch, especially local language capabilities is important for solutions to cater to the regional customer base.
- Digitization can help banks to automate and speed up processes and cut down operational costs.
- Tech adoption can help them infuse professionalism in processes and improve customer experience.
As we reflect on the 7th All India Urban Co-operative Banking Summit & Award 2023, we are grateful for the invaluable experiences and connections we gained. The summit served as a progress catalyst, emphasizing the importance of technology in shaping the future of the banking industry. It has reinforced our commitment to harness technology, tailor services and build solutions to empower the banking sector, enabling them to become lean, agile, and proficient in all aspects of their operations.