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• Transforming legal and compliance functions through global capability centres

  The expectations to comply with stringent laws and regulations and increased regulatory scrutiny has made the task even more challenging.

  

• Regional relevance, AI driven hyper personalisation fuel inclusive innovation in banking: BFSI Experts

  "The next phase of growth will stem from government-backed digital platforms, not physical industries," said Abhijit Singh of HDFC Bank in a trialogue chat at ETBFSI’s Converge Summit, also bringing attention to the need to overcome language barriers for inclusion. Bharani Subramaniam of Thoughtworks discussed AI's potential to drive disruption and innovation across industries.

  

• Fintech Predictions for 2025: Global Disruption with India Leading the Charge

  As the world's largest financial inclusion laboratory, India's dynamic ecosystem, combined with global trends, is set to redefine the financial landscape. From embedded finance to generative AI and cross-border innovations, here is a closer look at how these trends will reshape fintech.

  

• Wipro Q1FY25 results: Net income jumps 4.6% YoY to Rs 30 billion, operating margin at 16.5%

  At 34% of the total quarterly revenue, banking, financial services & insurance was the company's biggest revenue contributor segment, followed by communication (3.8%), consumer (19.2%) and more.

  

• Tech Mahindra CEO plans to take this 'route' to close gap with TCS, Infosys, Wipro and HCL Tech

  Tech Mahindra's new CEO, Mohit Joshi, is aiming to significantly grow the company's banking and financial services revenue share to 25% by 2027. Joshi plans to leverage his BFSI expertise to drive this expansion and sees generative AI as an opportunity, not a threat, for the IT sector and the company's workforce.

  

• RBI Innovation Hub taps aggregators for building unified lending interface

  The organization is also exploring collaboration with the likes of Google Pay on the insights that can be derived from data sharing on UPI transactions and warehouse deposit receipt data.

  

• Andhra Pradesh partners with PhysicsWallah to establish deep-tech AI-focused University of Innovation

  This initiative is in line with the vision of Chief Minister N. Chandrababu Naidu as it aims to provide the state’s youth with education in Artificial Intelligence (AI), emerging technologies, new age skills, and entrepreneurship, paving the way for Andhra Pradesh to become an education hub.

  

• Wipro’s Sundararaman Ganapathiraman explores innovation, leadership in his book

  Sundararaman Ganapathiraman, Co-CEO of Wipro PARI, has released EmBossed Imprints, a book that delves into the nuances of leadership, innovation, decision-making, and organizational growth.

  

• US confirms billions in chips funds to Samsung, Texas instruments

  The United States has been trying to reduce its dependence on other countries for semiconductors, while also seeking to maintain its scientific and technological edge as competition with China intensifies. Samsung's award of up to $4.7 billion in direct funding goes towards its effort to grow its Texas presence into a full-fledged operation for developing and producing leading-edge chips, said the US Commerce Department.

  

• The role of retail and consumer global capability centres in India

  The offshore centres are focusing on more complex business functions including finance, human resources and business procurement, becoming valuable assets of strategic importance for their parent organisations

  

• Top 5 CIO challenges of 2024: A recap

  As CIOs spearhead emerging technologies, redefine business strategies, and expand their leadership roles, the challenges of innovation continue to test their resilience in a rapidly evolving landscape. In this exclusive article, ETCIO explores how leading technology executives navigated the AI revolution, boardroom dynamics, and skill gaps in 2024 to sustain their enterprises and stay ahead in the competitive race.