Why Predictive Analytics in Banking Is Transformational

SOPHIA BROOKE | December 3, 2019

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The banking sector struggles with two contradicting challenges. First, it needs to adopt the latest technologies to stay competitive and fight fraud. Second, it still has to hold on to legacy systems, frequently those on-premises, that offer stability and a certain degree of protection. Clients are also putting more pressure on financial service providers, as they request more personalized solutions, easy-to-access products, and an overall better customer experience in line with strict security and privacy standards.

Spotlight

Royal Sundaram General Insurance Co. Limited

Royal Sundaram General Insurance Co. Ltd., a subsidiary of Sundaram Finance, is the first private sector general insurance company in India to be licensed in October 2000 by the Insurance Regulatory & Development Authority of India. The company was initially promoted as a joint venture between Sundaram Finance, one of the most respected non-banking financial institutions in India and Royal & SunAlliance Insurance plc, UK, one of the oldest general insurer in the UK. In July 2015, Sundaram Finance acquired the 26% equity holding from Royal & SunAlliance Insurance plc. Consequently, the entire 100% equity holding is now held by Sundaram Finance (75.90%) & other Indian Shareholders (24.10%).

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Spotlight

Royal Sundaram General Insurance Co. Limited

Royal Sundaram General Insurance Co. Ltd., a subsidiary of Sundaram Finance, is the first private sector general insurance company in India to be licensed in October 2000 by the Insurance Regulatory & Development Authority of India. The company was initially promoted as a joint venture between Sundaram Finance, one of the most respected non-banking financial institutions in India and Royal & SunAlliance Insurance plc, UK, one of the oldest general insurer in the UK. In July 2015, Sundaram Finance acquired the 26% equity holding from Royal & SunAlliance Insurance plc. Consequently, the entire 100% equity holding is now held by Sundaram Finance (75.90%) & other Indian Shareholders (24.10%).

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