December 4, 2022

Monetary sector’s reliance on 2-3 tech firms poses

Axis Bank MD and CEO Amitabh Chaudhry (Photo: Paul Noronha)

Financial sectors reliance on 2 3 tech companies poses

The monetary or banking sector faces rising dangers from its reliance on 2-3 massive firms for expertise companies, in line with Axis Financial institution MD and CEO Amitabh Chaudhry.

“Corporations that are offering software program, platforms and cloud programs to the banking or monetary system are trickling down to a couple,” Chaudhry mentioned at an occasion by Excellence Enablers on Thursday.

“The Indian banking system depends on software program of 2-3 firms. So there’s an rising danger if these firms cease…

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