Adarsh credit – part of sap fsi forum london 2017

Adarsh Credit Co-operative Society Ltd. Adarsh Credit – Part of SAP FSI Forum London 2017

Introduction • Inception: 1999 • Industry: Financial Services • Adarsh Credit Co-operative Society Ltd. is one of the most trusted and leading credit co-operative society in terms of branch network, advisor strength and deposit procurement • It was granted the status of Multistate Co-Operative Society in February 2008 by the Ministry of Agriculture, Government of India • Currently has a wide presence with 820+ physical branches, serving approximately 1.7 million members through 2.5 lakhs Advisor base

SAP FSI Forum, London • The Global SAP FSI Forum was held in London • More than 300 customers from the financial services industry were together and exchanged information at this year’s SAP Forum • The theme at the Forum, this year, was clearly a ‘Thought Leadership’ exchange • The discussion revolved around the areas in which the financial services industry needs to invest in the future

Digitalization in Financial Sector • Digitalization has brought in huge changes in the financial sector • DBS estimates that financial institutions that are not able to adopt a digital model may see a drop in ROE by ~18% over a 5 year timeframe • Digitalization is also beneficial to people • Adarsh Credit understands the significance of digitalization in financial sector and hence, has been a part of SAP Forum since two consecutive years

Adarsh Credit at SAP FSI Forum, London • The visionary and founder of Adarsh Credit Co-operative Society Ltd. had a dream to make Adarsh a “case study” in foreign countries • Adarsh Credit has realized that dream by making people aware about the progress made by them in the financial sector • Rahul Modi, the managing director at Adarsh Credit was an honorable speaker at SAP FSI Forum • He shared the story of Adarsh and mentioned about the technological advancements made by them.

Details from the event • It was an immensely proud day for us as Adarsh Credit Co-operative Society Ltd. was part of a global platform • Rahul Modi got a chance to tell his story through a panel discussion as well as an interview • Many delegates who participated at the Forum were shocked to see the progress Adarsh has made in digitalization of its financial initiatives • This forum brought together more than 500 insurance and banking delegates and financial services experts from over 40 countries • Delegates from other two Indian insurance organizations were also a part of the Forum

Details from the event • During this visit, Rahul Modi also got a chance to learn about the model of a prestigious society in London, Nationwide • We, at Adarsh Credit have achieved several technological milestones • We are the only credit co-operative society to launch its own mobile application • We understand that mobile devices are a big part of people’s life, today • These devices play an important role for communication, shopping as well as consuming financial services

Adarsh Credit – Technological Advancements • Additionally, we at Adarsh Credit Co-operative Society Ltd., have also implemented IPSEC BO • This allows for end-to-end data encryption. Moreover, we have also installed firewalls for each branch to restrict unauthorized access.

• We have also installed and implemented Network Access Controller for end-point security.

• To ensure business continuity and loss of data in case of any disaster, we have also setup real-time DR solutions.

It helps preserve the reputation of our members and partners.

Conclusion • The competition in financial sector is increasing with the constant digital advancements • Hence, it is crucial for financial institutions to engage its customers and deliver satisfying results • Adarsh Credit is achieving new milestones every single day and making progress in the digital sector