28th January 2025, Kathmandu
Nepal’s financial sector came together for a transformative event at ‘The Future of Banking: Igniting Transformation for Tomorrow’ in Kathmandu on Sunday ( January 26, 2025).
Future of Banking Summit Kathmandu
Organized by Genese Solution in collaboration with AWS, this landmark gathering brought visionary leaders, policymakers, and experts to address critical challenges and reimagine the future of banking in Nepal.
The event united leaders from Class A and Class B banks, including esteemed figures such as Maha Prasad Adhikari, Governor of Nepal Rastra Bank, Santosh Koirala, President of the Nepal Bankers’ Association, and other prominent industry leaders. Their active participation highlighted the sector’s collective commitment to innovation, collaboration, and tackling key issues facing the banking industry.
Governor Maha Prasad Adhikari delivered an inspiring keynote address, sharing his vision for a resilient and innovative banking future. His remarks emphasized the need for robust cybersecurity measures, modernized policies, and digital infrastructure to enhance trust, efficiency, and inclusivity across Nepal’s financial ecosystem.
The event featured thought-provoking sessions from industry leaders. Anjani Phuyal, CEO of Genese Solution, presented on the evolving banking landscape, pinpointing challenges such as outdated systems, limited digital literacy, and cybersecurity vulnerabilities. He proposed actionable solutions, including adopting cloud infrastructure, AI-driven fraud detection, and enhanced customer engagement strategies to pave the way for a smarter, more secure banking future.
Niranjan Kunwar, CTO and CISO of Genese Solution provided a comprehensive overview of cybersecurity challenges and outlined a step-by-step approach to safeguarding financial institutions from emerging threats. Adding further depth to the discussions, Dipak Awasthi from the Cyber Bureau shared his expertise on mitigating cyber threats and enhancing resilience in Nepal’s digital financial landscape.
Strategies for innovation, security, and efficiency
A key highlight of the event was the collaborative spirit fostered among industry leaders. The open-floor discussions provided an invaluable platform for exchanging ideas, with leaders from Class A and Class B banks working together to explore strategies for innovation, security, and operational efficiency. This spirit of partnership underscored the shared goal of creating a banking sector that is not only future-ready but also trusted and inclusive.
Genese Solution’s collaboration with AWS brought a global perspective to the discussions, showcasing how emerging technologies like cloud computing, AI, and digital transformation can align Nepal’s banking industry with international standards.
A special acknowledgment goes to the Nepal Bankers’ Association for their support, which was instrumental in the success of this event. The participation of key stakeholders demonstrated the sector’s united front in addressing challenges and embracing opportunities.
‘The Future of Banking: Igniting Transformation for Tomorrow’ was more than just an event; it was a turning point for the banking sector in Nepal. By fostering collaboration, driving innovation, and addressing pressing challenges, this forum has set the stage for a smarter, safer, and more connected banking future. Together, the leaders who participated in this transformative event are shaping the future of banking in Nepal.
For more: Future of Banking Summit Kathmandu
