Karur Vysya Bank (KVB) has been recognized with three awards for its technology initiatives. The bank has been honoured with three awards in the Small Banks Category: Best Cloud Adoption – Winner; Best Use of AI / ML & Data Analytics – Joint Winner; and Best IT Risk & Cyber Security Initiatives – Joint Runner-Up.
These awards reiterate the abiding conviction of Karur Vysya Bank that technology, if harnessed in the best possible manner, will enable delivery of the finest banking services to customers. The bank has been continuously investing in technology and this has resulted in these honours. Technology has enabled the bank to make such offerings as the KVB DLite Mobile App, the one app that provides complete banking solutions and the Loan Originating System (LOS) that is fully digitalized from application to documentation and disbursal of the loan, thereby enabling almost immediate in-principle sanction of retail and commercial loans and quickest processing and disbursal of the loans.
Karur Vysya Bank is among six old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.
