July 03, 2009

The high optimism generated by the appointment of Nandan Nilekeni to lead the Unique Identification project has more to it than bringing technology to limelight in the national development stage, feels Saurabh Tripathi, Partner and Director, The Boston Consulting Group, Mumbai.“Technology is widely believed to hold the key to unlock a disruptive change in the pace of development.

While this initiative will give social programmes a new lease of life, many industries will be deeply impacted. Banking could benefit most,” he observes, during the course of a recent email interaction with Business Line.If we were to leverage the platform of unique national identifier to solve the knotty financial inclusion challenge, we will hit two birds with one stone, Tripathi hopes. “A new phase of technology in Indian banking is upon us. It could be a golden era.”