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Tushar Chitra

Vice President, Product Strategy and Management
Oracle Financial Services
Member since
06 Jul 2010
Location
Bangalore
Followers
5
Following
0
Opinions
24
Long reads
2
Followed by John Sims, Martha Boyle and 5 others you follow
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Tushar's opinions

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Tushar Chitra

UPI Circle – A key step towards making digital payments inclusive and ubiquitous in India

With the National Payments Corporation of India’s (NPCI) launch of UPI Circle on 13 August 2024, India’s hugely successful digital payments market, which is a thriving example of how digital transformations can impact a nation’s economy at a massive scale, is going to witness yet another seemingly simple but potentially disruptive feature: Deleg...

16 September 2024 /payments /retail

Tushar Chitra

Three critical capabilities for e-money institutions to win market share

Having secured an e-money license, you are now focused on launching your digital payments services. Despite having a niche and well-defined scope of offerings and operations, you will still face competition from several types of financial services firms such as traditional banks, payment firms, fintech, and big technology firms, apart from other e...

04 January 2022 /payments /retail Fintech

Tushar Chitra

Is supply chain finance gaining traction over documentary trade?

Over the years, there has been considerable speculation on the impending growth of supply chain finance at a rate higher than growth in documentary trade. According to a report by McKinsey, the CAGR for supply chain finance in the years 2019-2024 is expected to exceed 25%, as against 1-2% for documentary business. These indicators occurred before ...

03 November 2021 /payments /wholesale Transaction Banking

Tushar Chitra

Six design considerations for building a successful digital bank

How do you design technology from the ground up so that it’s agile enough to accommodate disruptive changes? And how can you innovate and release products faster―all while keeping costs manageable and the bank resilient? As the enterprise architect in charge of designing the technological foundation for future success, your greatest challenge will...

17 March 2021 /retail /cloud Banking Strategy, Digital and Transformation

Tushar Chitra

Redefine the Branch to Build Sustainability in the Future of Banking

The banking industry has been beset with questions such as–Is the branch still relevant? What role does the branch play in light of changing technology, market and consumer dynamics? To put it simply, the relevance of the branch as a servicing outpost is over. To tap a future up for grabs, the bank branch must be redefined into a branch of the fut...

08 March 2021

Tushar Chitra

Fix the Abandonment Quandary in Digital Onboarding

Successful digital onboarding is not just about enabling a customer to sign up for an account through a mobile phone in 5 minutes. What if the customer is forced into a cumbersome verification process after sign up? What if the customer needs advice on the best account that suits her or his needs or is confused about the details of a loan? If the ...

03 March 2021 /wealth /retail Banking Strategy, Digital and Transformation

Tushar Chitra

Risks vs Rewards: The Dynamics of Debt Collection

A joint study conducted by the Urban Institute and Encore Capital Group's Consumer Credit Research Institute showed that about 77 million Americans currently have a debt in collections, which amounts to 35% of consumers with credit files or data reported to a major credit bureau 1. The Consumer Financial Protection Bureau (CFPB or Bureau) also rep...

04 July 2016 /retail

Tushar Chitra

Off the Beaten Path: Exploring Banking Solutions for Women Owned SMEs

Women make up more than half of the world’s population and studies predict that in a decade their impact on the global economy as entrepreneurs, employees, producers and consumers will be as significant as that of India or China. In 2012, an estimated 126 million women were starting or running new businesses in 67 economies around the world. Desp...

27 June 2016 /retail /inclusion

Tushar Chitra

Can IoT Shake Banks?

As disruptive technologies continue to fuel innovation, banks are not likely to remain unaffected by the emergence of the Internet of Things (IoT). While IoT has been around for longer than the surrounding hype, it’s time to acknowledge that IoT is real and exhibits tremendous growth. Research* suggests that around 6.5 billion things will be conne...

20 June 2016

Tushar Chitra

What a Bank Branch will be like in 2025!

The silence is profound even as I zip at incredible speeds down a road as smooth as glass. The car drives itself while I look through my activity log using my optical head-mounted smart eye-glasses. As I look up and down, sheets and reminders flicker across the periphery of my vision, and I plan my day. Today's Friday and I have a great deal to do...

01 December 2014 Future Finance

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Tushar writes about

  • payments
  • regulation & compliance
  • wealth management
  • retail banking
  • wholesale banking
  • cloud
  • financial inclusion
  • predictions

Tushar's opinion archive

  • 2024 (1)
  • 2022 (1)
  • 2021 (4)
  • 2016 (3)
  • 2014 (6)
  • 2013 (9)

Tushar's long read archive

  • 2025 (2)
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