Karnataka Bank wins three awards at IBA's Banking Technology Awards

17 Feb 2022 , 11:12 AM

Karnataka Bank has bagged three coveted awards at the ‘17th Annual Banking Technology Conference and Awards: 2020-21 Next Gen Banking’ held on February 14, 2022, instituted by the Indian Banks’ Association, the premier organization of the Banking Industry in India.

Bank has won the awards under the following categories namely Best Technology Bank of the Year, Best Fintech Adoption, and Best Use of AI/ML & Data Analytics – all Runner Ups.

At around 11.14 AM, Karnataka Bank Ltd was trading at Rs63.75 per share down by Rs0.2 or 0.31% from its previous closing of Rs63.95 per share on the BSE.

Mahabaleshwara M.S, MD & CEO of the Bank said, “It is a proud moment for the Bank as we find ourselves in the league of leading financial institutions pioneering the new age banking technology. The awards are testimony to the in-house capabilities of the Bank’s Digital Centre of Excellence (DCoE) in Bengaluru. We remain committed to continuously innovate, build best in class products and processes using agile methodologies, partnering with FinTechs, focusing on UI/UX and increasing AI/ML by complying to regulatory guidelines.

With this focus on technology and Digital Transformation, Bank endeavours to emerge as ‘Digital Bank of Future’ all the while retaining its core values and identity built on more than 98 years of purposeful Banking history. I am happy to dedicate these awards to the IT Team and staff members of the Bank for their zeal and enthusiasm in fostering the IT dream of the Bank.”