Axis Bank, 2022 Update - Enterprise Tech Ecosystem Series

Axis Bank, 2022 Update - Enterprise Tech Ecosystem Series

Summary

Axis Bank is an India-based private sector bank offering a wide array of financial services to different customer segments, including retail customers, SMEs, large and mid-size corporates, and farmers. The bank’s personal banking product and service portfolio includes accounts, deposits, cards, loans, investment solutions, non-resident Indian services, and agriculture and rural banking. Business banking comprises corporate accounts, corporate loans, capital market services, and trade and treasury services such as foreign exchange, derivatives trading, and equity and mutual funds. The bank also provides life and general insurance products. It operates in India, the UK, Bangladesh, China, Hong Kong, Singapore, Sri Lanka, and the UAE.

This report provides insight into Axis Bank's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, and its estimated ICT budget.

Scope

• Axis Bank has devised a cybersecurity program to protect its assets from cyberattacks. Its efforts include multi-factor authentication, data leakage prevention control, and spam and phishing email protection.
• As of 2021, Axis Bank had a 110 member-strong in-house engineering team, while 800 bank employees were solely focusing on digital technologies.
• The bank plans to migrate 70% of its applications and infrastructure to the cloud by 2023.

• Gain insight into Axis Bank's fintech operations.
• Discover its fintech strategies and innovation initiatives.
• Learn about its product launches, partnerships, and investments.

Companies Mentioned

Amazon Web Services
ICICI Bank
RBL Bank
South Indian Bank
Standard Chartered Bank
Infosys
Skit
Manipal Global
Practo
1MG
Fitternity
IndusHealth Plus
Google Pay
Visa
Rupifi
Freecharge
Mastercard
Worldline
WhatsApp
CarDekho
IBBIC