Swiss Federal Bank supports robotics as a driver of innovation


Chenai: Federal Bank continues to pioneer technology-driven innovation. Walking the talk, the bank, has a thriving team in its Digital Center of Excellence (DCE), a young and dynamic team working in the premises of Kerala Start-Up Mission to mingle with the fintech ecosystem and is gradually advancing in the space AI innovation. The bank’s “FedHive” is its unique digital command center that enables the brand to instantly manage online reputation risk, generate new opportunities and deliver improved customer service.

This belief in technology and the leverage it can give to businesses and societies, is in line with the Digital India and Make in India initiatives. The Federal Bank actively supports innovation in healthcare, hospitality, public transport, and more. ambitions.

Commenting on the above, Shyam Srinivasan, MD&CEO of the bank said, “We follow our mantra ‘Digital at Fore, Human at Core’ as a lifeline. 230+ RPAs (Robotic Process Automation) and 300+ APIs help us both increase productivity and engage meaningfully with a range of Fintech partnerships. As a socially responsible and digital company, we have made inroads in helping companies bring their best ideas to life, which would ultimately benefit society as a whole.

The company’s robot, SAYABOT received the Loan Sanction Order from Shyam Srinivasan, MD&CEO of the Bank in the presence of Kuriakose Conil, Senior Vice President and Zone Head, Ernakulam Zone, MVS Murthy, Marketing Manager, company promoters, and other bank officials.

The robot demonstrated in preview its ability to perform daily tasks, with skill and dexterity. Clearly, technology is a force multiplier, in the progress of our nation. And Federal Bank continues its journey to Serve ????, with India’s Trust.

About Federal Bank: Limited

Federal Bank (NSE: FEDERALBNK) is one of India’s leading private sector banks with a network of approximately 1,300 outlets and 1,886 ATMs/recyclers spread across the country. The Bank’s total business mix (deposits + advances) amounts to ? 3.35 Lakh Crore as of June 30, 2022.

The Bank’s capital adequacy ratio (CRAR), calculated in accordance with Basel III guidelines, stood at 14.57% as of June 30, 2022. The Federal Bank has its representative offices in Dubai and Abu Dhabi which serve as a hub for non-resident Indian customers. in the UAE.

The Bank also has an IFSC Banking Unit (IBU) at Gujarat International Finance Tec-City (GIFT City). Federal Bank is transforming, keeping its principles intact, into an organization that offers services beyond the average. He has a well-defined vision for the future as a benchmark for his progress.


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