Bank of Baroda Bags “Best AI & ML Bank” And “Best Technology Talent” Awards
- Bank of Baroda Receives “Best AI & ML Bank” and “Best Technology Talent” Awards amongst Large Banks at IBA’s 19th Annual Banking Technology Awards 2023
Mumbai: Bank of Baroda (BoB), one of India’s premier public sector banks, bagged top awards as the “Best AI & ML Bank” and for “Best Technology Talent” among Large Banks at the 19th Annual Banking Technology Awards 2023, organized by the Indian Banks’ Association (IBA). Additionally, BoB received a special mention in four award categories, including Best Technology Bank, Best IT Risk Management, Best Fintech & DPI Adoption, and Best Financial Inclusion.
Expressing gratitude, Shri Debadatta Chand, Managing Director & CEO of Bank of Baroda, emphasized the pivotal role of technology in modern banking. He affirmed the bank’s commitment to investing in emerging technologies to meet evolving customer expectations and shape the bank of tomorrow. Chand extended appreciation to IBA for honoring Bank of Baroda with these prestigious accolades.
Over the past few years, Bank of Baroda has actively pursued various Artificial Intelligence & Machine Learning initiatives and commenced exploration into potential applications of Generative AI (GenAI). Furthermore, the bank is bolstering its cybersecurity framework leveraging AI & ML capabilities. BoB has established a comprehensive enterprise-wide data and analytics platform and embarked on a program to modernize its architecture and applications, with a focus on prioritizing customer-centric digital transformation.
