• KARUNAKAR MOHAPATRA

The answers seem obvious, but surprisingly banks in India and elsewhere have depended on silo-based solutions that do not have the long-term view of an integrated, real time, cross-channel approach. More the merrier does not cut in the banking sector - more the channels, more the software products and unfortunately more the cracks through which vigilance measures can slip. Banks need to recognize the folly of relying on “after the fact” solutions and enforce solutions that “detect and prevent” .
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