The Future of Banking-andhrabank-nov4-04.pdf - IDRBT
The Future of Banking-andhrabank-nov4-04.pdf - IDRBT
The Future of Banking-andhrabank-nov4-04.pdf - IDRBT
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Technology Acquisition<br />
• Inappropriate technology purchases can be the root<br />
<strong>of</strong> all problems…<br />
• <strong>The</strong> Bank management has to:<br />
– Give thought to the utilization rate<br />
– Avoid “knee-jerk” reactions (“they have done it…I should<br />
also do it”)<br />
– Be impartial in technology decisions (“I like that<br />
technology…I want it”)<br />
– Understand where the solution will fit AND where it<br />
won’t!<br />
– Assess the strengths & weakness <strong>of</strong> solution<br />
– And seek answer to “are we ready for it?”<br />
INSTITUTE FOR DEVELOPMENT AND<br />
RESEARCH IN BANKING TECHNOLOGY<br />
November 4, 2004<br />
Vepa Kamesam, Chairman <strong>IDRBT</strong>
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