Digitalization has brought in huge changes in the financial sector. In fact, DBS estimates that financial institutions those are not able to adopt a digital model may see a drop in ROE by ~18% over a five-year timeframe. Digitalization is also beneficial to people. Adarsh Credit understands the significance of digitalization in financial sector and hence, has been a part of SAP Forum since two consecutive years.
Adarsh Credit – Part of a global platform
The visionary and founder of Adarsh Credit Co-operative Society Ltd. had a dream to make Adarsh a “case study” in foreign countries. Adarsh Credit has realized that dream by making people aware about the progress made by them in the financial sector. Rahul Modi, the managing director at Adarsh Credit was an honorable speaker at SAP FSI Forum. He shared the story of Adarsh and mentioned about the technological advancements made by them.
It was an immensely proud day for us as Adarsh Credit Co-operative Society Ltd. was part of a global platform. Rahul Modi got a chance to tell his story through a panel discussion as well as an interview. Many delegates who participated at the Forum were shocked to see our progress has made in digitalization of its financial initiatives. This forum brought together more than 500 insurance and banking delegates and financial services experts from over 40 countries. Delegates from other two Indian insurance organizations were also a part of the Forum. During this visit, Rahul Modi also got a chance to learn about the model of a prestigious society in London, Nationwide.
We have achieved several technological milestones. We are the only credit co-operative society to launch its own mobile application. We understand that mobile devices are a big part of people’s life, today. These devices play an important role for communication, shopping as well as consuming financial services.
Additionally, we at Adarsh Credit Co-operative Society Ltd., have also implemented IPSEC BO. This allows for end-to-end data encryption. Moreover, we have also installed firewalls for each branch to restrict unauthorized access.
We have also installed and implemented Network Access Controller for end-point security. To ensure business continuity and loss of data in case of any disaster, we have also setup real-time DR solutions. It helps to preserve the reputation of our members and partners.
The competition in financial sector is increasing with the constant digital advancements. Hence, it is crucial for financial institutions to engage its clients and deliver satisfying results.
Adarsh Credit is achieving new milestones every single day and making progress in the digital sector.
Become a member of Adarsh Credit today and march towards a better tomorrow!
Wish to know about our other achievements? Read our previous blogs here!