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Smart Banking For Smart Cities Jabalpur Smart City Conclave May 26, 2016

Rohit Arora, Branch Manager, Kotak Mahindra Bank

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Page 1: Rohit Arora, Branch Manager, Kotak Mahindra Bank

Smart Banking For

Smart Cities

Jabalpur Smart City Conclave

May 26, 2016

Page 2: Rohit Arora, Branch Manager, Kotak Mahindra Bank

Smart Banking

Smart Banking is a revolutionary banking experience designed to attract, engage and connect clients with products and services, all on demand.

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Page 3: Rohit Arora, Branch Manager, Kotak Mahindra Bank

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Digital commerce: The foundation of smart cities

•Digitalization of collections and disbursements

•By digitalizing payments for public services such as parking or transportation, cities can realize cost reductions while creating new conveniences for users.

•With advanced revenue collection and payments systems, individuals and companies can pay for taxes and permits online without having to stand in long queues.

•A smart city will drive the development of innovative solutions such as Digital wallets or Near Field Communications (NFC)-enabled tokens for easy payments.

Page 4: Rohit Arora, Branch Manager, Kotak Mahindra Bank

Mobile App

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Page 5: Rohit Arora, Branch Manager, Kotak Mahindra Bank

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Page 6: Rohit Arora, Branch Manager, Kotak Mahindra Bank

Enhances Municipal corporation Revenue

Digital banking will provide different platform for payment of municipal

taxes

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Page 7: Rohit Arora, Branch Manager, Kotak Mahindra Bank

Digital Commerce: The Foundation of Smart Cities

• These will give cities a single interface for all their payment mechanisms, whether it is for utility bills, purchase of tickets, loyalty programs, or fund transfers.

• What’s more, smart payment solutions will be compatible with different types of devices and would be accepted at any place

• Easy access to banking services A key requirement for implementing smart payments is to ensure universal access to banking services for everyone. A smart city will have a wide network of core banking enabled branches and automated teller machines (ATMs & CDMs).

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Page 8: Rohit Arora, Branch Manager, Kotak Mahindra Bank

Reduce Citizens Grievance

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Page 9: Rohit Arora, Branch Manager, Kotak Mahindra Bank

Banking for All

• Jandhan account• Small saving - Big development• More revenue –More development• Bharat app• Smart thinking make the city Smarter

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Page 10: Rohit Arora, Branch Manager, Kotak Mahindra Bank

Thank You