Financial inclusion will play an important role in ending extreme poverty. The availability of financial services to the unbanked directly leads to increased economic activity throughout a region. Also, you cannot have financial inclusion without digital inclusion. According to a BCG study, India’s GDP could rise 5% by 2020 through the addition of mobile financial services in society. Increased access to credit, greater investment opportunities, and the creation of new businesses could result in an additional four million jobs for India’s workforce.
Have a look at the CDA investments being made in initiatives to accelerate the Digital Transformation of Banks and Global Service Providers.
CDA has set up a Digital Experience Center for BFSI at Cisco office in Mumbai with the purpose of creating an immersive experience for banking leaders. Here, they will get to experience an end-to-end depiction of solutions in action- from understanding what specifically can be done when the network slows down or is under cyberattack to what can be done to unleash the collaborative power of the organization.
This lab was inaugurated in June 2017 in the presence of leaders from HDFC Bank, ICICI Bank, NSE, KPMG, Deloitte and Dimension Data.
Cisco’s investment at Airtel NSO will help in Airtel’s Digital Transformation, to enable agility and improve its responsiveness in the competitive telecom industry
Impact Areas Include:
Enterprises with plans for digital business are progressing slowly toward realizing their ambitions. This report draws on the 2018 Gartner Digital Business Survey and provides functional leaders with advice on how they can help to accelerate their enterprise's digital journey.
Download your complimentary copy of this latest Gartner Research - 'Digital Business Transformation: Closing the Gap Between Ambition and Reality.'