Mumbai, Sept 8 (ANI/Business Wire India): Banknet is organizing its fourth annual edition of International Bank Tech summit on September 16 at Taj Lands End, Mumbai.

Bank Tech Summit 2008 will focus on the ways to realign technology to work towards improving the efficiency and achieving the competitive advantage. Accordingly the summit theme is "Leveraging IT for Efficiency and Competitive Advantage".

Bank Tech Summit, one of the largest conferences on Banking Technology in India, will bring together Professionals from nearly 100 organizations comprising of Banks, Financial Services, Insurance Cos., Corporates, IT Companies, Consultancies and Business Schools on one platform.

COO's, CTO's, GMs, Business Heads from more than 20 major banks and IT Companies will address the summit. These include- State Bank of India, ICICI Bank, Yes Bank, Axis Bank, Kotak Mahindra Bank, Citizen Credit Co-op Bank, Shamrao Vithal Co-op Bank, HDFC Bank, Development Credit Bank, HDFC Life Insurance, IT Cos. and many more.

Technology has played a significant role in improving the efficiency of the banking and financial system in the recent years. Technology has enabled development of sophisticated products, improved customer service, better market infrastructure and management of risks. However, there is a need for making IT work for the business. Need is to realign IT to work towards the goal of competitive advantage.

A Technology Exhibition in the pre summit area will showcase products, services of sponsoring companies. (ANI)