CURRENT AFFAIRS

Detailed explanation-1: -Ahmedabad: The Indian Institute of Management, Ahmedabad (IIM-A), on Thursday launched Centre for Digital Transformation (CDT) in collaboration with the Bank of America.

Detailed explanation-2: -Indian Institute of Management Ahmedabad (IIMA) has partnered with Bank of America to launch a Centre for Digital Transformation (CDT). The Centre aspires to become a knowledge hub for academia, policymaking, and the private sector by facilitating cutting-edge research on digital transformation and innovation.

Detailed explanation-3: -Indian Institute of Management Ahmedabad ( IIMA ), the premier global management institution, has partnered with Bank of America to launch a Centre for Digital Transformation ( CDT ).

Detailed explanation-4: -The Centre for Digital Transformation helps businesses understand the far-reaching organisational implications of the digital revolution.

Detailed explanation-5: -A few examples of digital banking transformation are online banking applications, data encryption software, virtual assistants, KYC system software, website optimization, etc. This raises a ton of questions around digitization in modern banks and similar business institutes.