Having sensed the opportunity right, several companies in India have also begun adopting the A.R.T approach to running a successful business instead of working in silos and reinventing the wheel.
The transformation towards a more digitised economy encompasses five key elements: consumer payments, digital lending, internal transformation, evolution of financial inclusion into greater economic inclusion and collaboration between banks and fintech.
The banks must have the freedom to offer differentiated wages and salary to employees working in different geographies and their emoluments must be linked to their productivity.