Power Growth by Using Technology Smartly

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Power Growth by

Using Technology

Smartly

CIO Series, YES Bank


Data: The New Digital

Disruption

YES BANK smartly avoid getting

overshadowed by bigger and older banks

through outsourcing modular, off-the-

shelf technology solutions that allow it to

pace spending in line with growth.

Large doses of creativity are helping the bank to

find novel ways to reach India’s unbanked

population and to bypass the limits of its

branch network.

.


The Success Story

Focus moved from keeping

the lights on to business

transformation

Cloud platforms to access

technology at the pace & intensity the

bank needs it

Total outsourcing (of routine IT) & focusing on

strategic issues

Using new-age tools to

generate new business.

Put together a separate

innovation team to looking for “new ways of doing things


Landmarks Crossed

First to use a ‘public cloud’

platform for routine banking

services like enabling

customers to open new

accounts online

YES BANK is also the “first

bank to have done total

outsourcing [of routine IT

requirements],”

Since its inception in 2003,

YES BANK has grown

rapidly to become India’s

fourth-largest private sector

bank


Plug and Play for New Services

Moved the

technology

function to a

“service-oriented

architecture,”

where solutions

are procured as a

service from

multiple vendors. It allows it to shift

management focus

away from routine

tasks to “business

transformation”

projects to drive

growth.

“It just have to plug

in a channel, and

what used to take

months now takes

days.”


Counting the Gains

Drop in attrition

Spends more time in business transformational

projects

Plan smoothly for the bank’s tech platform

upgrades


For more details please visit the link below:

http://www.wipro.com/insights/academia-collaboration/CIO-

series/power-growth-by-using-technology-smartly-says-

yes-bank-CIO-Amit-Sethi

http://www.wipro.com/insights/academia-collaboration/CIO-series/power-growth-by-using-technology-smartly-says-yes-bank-CIO-Amit-Sethi




























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