TL;DR:
- GRAVITY, founded by banking veterans Rohit Maroo and Satish Krishnaswamy, introduces a groundbreaking AI and Deep-Tech-powered business accelerator platform.
- This platform, a category-first in the banking industry, seamlessly integrates all underlying software applications of a bank, enhancing efficiency and adaptability.
- GRAVITY’s central processing platform (CPP) handles critical functions, while an expansion slot with futuristic components ensures ongoing technological relevance.
- Bankers are excited about GRAVITY as it eliminates the need for costly and disruptive technology overhauls.
- Industry experts, including Mr. Pravir Vohra, see GRAVITY as a disruptive force, offering a solution to critical banking tech ecosystem challenges.
- V. Vaidyanathan, a BFSI veteran, believes GRAVITY can enable hyper-personalization atop existing software applications.
- GRAVITY’s potential impact on India’s economy is highlighted by Prabhakar Bobde, who envisions a USD 7 trillion economy by 2030.
- Cooperative banks, like Adarsh Co-op Bank, see GRAVITY as a tool to compete with larger commercial banks.
- Equity strategist Sunil Chandak predicts a major disruption in the banking sector driven by AI and deep tech.
Main AI News:
In the ever-evolving landscape of the banking industry, a seismic shift is underway as dtbX introduces GRAVITY – a groundbreaking, full-stack AI and Deep-Tech powered sustainable business accelerator platform. Co-founded by industry veterans Rohit Maroo and Satish Krishnaswamy, both with a wealth of experience in the banking sector, notably with HDFC Bank, GRAVITY is poised to herald an era of hyper-personalization.
GRAVITY, a category-first platform in the banking industry, is set to revolutionize the way banks operate. It seamlessly integrates all underlying software applications of a bank, fostering tech ecosystem simplicity and adaptability. Notably, it serves as an efficiency multiplier, with a central processing platform (CPP) that deftly handles the intricate Arithmetic Logic Unit (ALU) and Control and Orchestration Unit (COU) functions across all underlying applications.
One of GRAVITY’s defining features is its expansion slot – a category-first innovation – pre-embedded with ten futuristic components. This ensures that a bank’s underlying technology perpetually remains at the cutting edge of the industry – the latest, safest, and fastest.
Rohit Maroo, Co-Founder of GRAVITY, has witnessed early excitement among bankers for this game-changing platform. It guarantees that once the underlying software applications, encompassing CBS, LMS, Payments, and more, are integrated into GRAVITY, banks need never undergo the arduous process of overhauling their core applications.
Satish Krishnaswamy, Co-Founder, acknowledges the invaluable support of senior banking and technology leaders who recognize the potential of GRAVITY. This collaboration holds the promise of transforming the industry.
Mr. Pravir Vohra, a distinguished banking technology leader and former President and Group CTO of ICICI Bank, expresses his belief that GRAVITY could be a truly disruptive force. By addressing critical issues within the banking tech ecosystem, GRAVITY offers a path for banks to modernize their systems without resorting to expensive, risky, and time-consuming upgrades.
V. Vaidyanathan, a seasoned veteran with over 35 years of experience in BFSI and currently serving as the CIO of Unity Small Finance Bank, anticipates the impact of GRAVITY. He sees platforms that offer hyper-personalization atop existing software applications as entirely feasible, thanks to the robust infrastructure already in place.
Prabhakar Bobde, MD of SAFL NBFC, a distinguished leader with a history of senior positions at Axis and HDFC Bank, envisions GRAVITY as a catalyst for India’s journey toward becoming a USD 7 trillion-dollar economy by 2030. Hyper-personalization and a platform approach in the financial sector could be the inflection point we’ve been waiting for.
Mr. Madana Gopalswamy, Founder and Chairman of Adarsh Co-op Bank, Hyderabad, believes that GRAVITY will play a pivotal role in accelerating the transformation of cooperative banks aiming to compete with larger commercial counterparts.
Sunil Chandak, an equity strategist and researcher, has a bold prediction: the banking sector is on the brink of a major disruption, driven by AI and deep tech. The true value extraction will come from embracing this disruptive paradigm shift, far surpassing incremental technological progress. As GRAVITY takes its place in the industry, it’s clear that a new era of banking has arrived.
Conclusion:
GRAVITY’s entry into the market signifies a major shift in the banking industry towards greater efficiency, adaptability, and hyper-personalization. It addresses critical tech ecosystem challenges and has the potential to revolutionize the sector, offering a path to modernization without expensive upgrades. This platform aligns with India’s economic ambitions and holds promise for cooperative banks and larger institutions alike. The banking industry should prepare for a disruptive era driven by AI and deep tech advancements.
