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Karnataka Bank has won six awards for excellence in banking technology

Published on January 31, 2025
Current Context: On January 28, 2025, Karnataka Bank was honored with six awards for excellence in banking technology at the 20th Annual Banking Technology Conference, Expo & Citations, 2024, organized by the Indian Banks’ Association (IBA).
Karnataka Bank has won six awards for excellence in banking technology
  • These awards recognize the bank's significant achievements in various areas of technology and innovation.
  • Here are the key highlights:
    • Runner-Up Awards:
      • Best Tech Talent and Organization: Acknowledges the bank's exceptional team and organization of tech talent.
      • Best IT Risk Management: Recognizes the bank's effective strategies and practices in managing IT risks.
      • Best Technology Bank: Highlights the bank's overall excellence in adopting and implementing technology solutions.
    • Special Mentions:
      • Best Digital Sales, Payments, and Engagement: Appreciates the bank's innovative approaches in digital sales, payments, and customer engagement.
      • Best AI and ML Adoption: Recognizes the bank's successful integration of artificial intelligence and machine learning in its operations.

Question:

1 At the 20th Annual Banking Technology Conference, Karnataka Bank received the Runner-Up Award for which of the following categories?

  • A) Best IT Risk Management
  • B) Best AI and ML Adoption
  • C) Best Digital Sales, Payments, and Engagement
  • D) Best Cyber Security Practices
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