Which bank has embarked on a large scale transformation program called Project Ananya aimed at digital banking services.

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which bank has embarked on a large scale transformation program called "Project Ananya" aimed at digital banking services.

A	South Indian Bank
B	IDBI Bank
C	Kotak Mahindra Bank
D	Syndicate Bank

Explanation:

Detailed explanation-1: -A digital transformation in banking unlocks the speed and innovation of the cloud from anywhere while addressing regulatory compliance, security and resiliency requirements.

Detailed explanation-2: -For example, a digitized customer journey allows a customer to click on an ad, sign up for an account online, receive tutorials and on-boarding information through their app, receive automated loan decisions, and pay bills or send funds online.

Detailed explanation-3: -Digital transformation allows financial institutions to know what the people actually want. They can formulate their financial services and offer according to customer requirements rather than guesswork. New innovative technological developments allow banks to strengthen customer engagement with personalized offerings.

Detailed explanation-4: -Singapore, India, 26 Apr 2016-DBS Bank, Singapore’s largest bank and a leading bank in Asia, today officially unveiled digibank, India’s first mobile-only bank.

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