Anil Chaturvedi on Fintech’s Effect On The Banking Industry

Anil Chaturvedi is an experienced banker with over four years of experience in the industry. Chaturvedi has experience in all aspects of banking including private, corporate, and investment banking and has concentrated much of his career on cross-border transactions taking place between India and various European countries.

Chaturvedi grew up in his native India and attended the University of Meerut where he received a bachelor’s degree with honor status in economics. He moved on to Delhi University’s Delhi School of Medicine in 1973 and while there satisfied the requirements to obtain his MBA.

Anil currently works in Switzerland at the Hinduja Bank and he has been both outspoken and quite informative in regards to what he feels is the effect that Fintech is having on the banking industry.

Fintech is the moniker given to financial technology and the thought of the word causes many in the banking injury to become unnerved by the perceived threat that exists. The four decades of experience that Anil Chaturvedi has in the banking industry has afforded him a more objective view of the Fintech situation and he speaks when he can about what is, and what is not affected by Fintech.

One narrative that has become particularly common in the many discussing taking place regarding Fintech is that traditional banking can possibly be in endangered by the consumer-focused, fast-moving start-ups that result from finance technology.

Anil Chaturvedi says that the impact that has been seen in the banking industry due to Fintech start-ups have occurred mostly in the retail sector of the industry. Chaturvedi explains that these companies are able to function at this level because they are able to improve user experience, increased brand awareness, and pricing structures that attract customers.

Chaturvedi says that these smaller Fintech startups benefit by being able to laser-focus their efforts due to the lack of encumbrance that that is experienced by traditional banks.

Anil Chaturvedi explains that the traditional banking industry has many advantages also and is not in imminent danger from the Fintech industry. Traditional banks have much more resources at their disposal than startups and while these new players in the industry are able to present a quite attractive display to customers they have not been able to produce the infrastructure on the backend that is present with traditional banking.

Chaturvedi tells naysayers that while the banking industry is in a constant state of change and will no doubt look very different in two decades, that it would be a mistake to think that traditional banks will no longer exist due to Fintech or whatever is next in the form of innovative banking solutions.

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Luiz Carlos Trabuco Establishes A Successful Career At Bradesco

Luiz Carlos Trabuco is one of the few influential personalities in Brazil, and this is due to his long term engagement in the banking industry. Additionally, his association with the general society is seen to be associated with the intention of uplifting the welfare of everyone. Such is evidenced by the fact that he announced credit extension to institutions that will engage in infrastructural development.

He took over the position of presidency in 2003, and he initially worked as CEO of the company. Luiz Carlos Trabuco is considered to be a happy, modest, soft-spoken individual. His primary skills revolve around financial management. Luiz Carlos Trabuco started working at Bradesco when he was 18 years old, and he has progressively learned the fundamental strategy that was previously adopted by the former leaders of the company.

As a result, the continuous use of organic growth as a strategy for expansion is seen to be something that has been ingrained deep within the culture of Bradesco. Luiz believes in the personalization of services to ensure that every client is served in a manner that precisely suits their needs. Trabuco puts a lot of effort in ensuring that he knows the company’s customers despite such an action having minimal impact on the general profit maximization at the institution.

Luiz Carlos Trabuco was born in 1951 in Marilia, and his leadership methodology is seen by many to be similar to what was adopted by the past presidents of Bradesco who were able to set record-breaking success and ensure that the company becomes an excellent banking institution in Brazil. Although he specialized in a different field of study, Luiz Carlos Trabuco is a quick learner.

Luiz Carlos Trabuco studied Social Psychology, but he managed to acquire the right skills required to work in a financial institution to the point that he got appointed to be the president. Trabuco’s profession kicked off when he was only 22 years, and he worked as a clerk. At that time, Bradesco was not a fully-fledged banking institution, but it was just an agency located in Marilia.

In the course of the 40 years that Luiz Carlos Trabuco has been working at Bradesco, he changed different positions of leadership due to his ability to grasp new concepts quickly. Luiz Carlos Trabuco worked as the executive director from 1992 to 1999, and it is during that time that he ended up being appointed to be president of Bradesco’s Private Pension Segment. He held this position concurrently with being a board member.

Luiz Carlos Trabuco approaches matters pragmatically, and he employs knowledge, expertise, and authority to manage different operations at the bank. Luiz was put in charge of the institutions marketing department in the 80’s. In the course of his leadership as the marketing director, Luiz Carlos Trabuco ensured that the bank became media friendly and more open to different possibilities as the financial market was gradually becoming dynamic.

Due to his aptness, Luiz Carlos Trabuco has been awarded two separate Personality of the Year Awards, which happened in 2003 and 2007. Such awards and recognition in different other forums gave Luiz Carlos Trabuco an upper hand as he was campaigning for the position of president. Once he assumed the position of president, Luiz Carlos Trabuco started to work towards the full transformation of Bradesco’s banking operations and the insurance segment.

Luiz Carlos Trabuco’s achievements are numerous, and they mostly revolve around the success of Bradesco as he led the company to increase the overall profits from 9% to 38%. As a result, Bradesco became known as the best banking institution in the history of Brazil that had managed to grow by more than 10% in a single year. Additionally, Bradesco ended up controlling many sectors of the Brazilian banking economy.

See: http://insiders.morningstar.com/trading/executive-profile.action?PersonId=PS00003Y11&flag=Executive&t=XNYS:BBD&region=usa&culture=en-US&cur=