Saturday, June 11, 2016

India’s only BankTech Museum is in Hyderabad, Telangana

India’s only BankTech Museum is in Hyderabad, Telangana
          The city of Hyderabad known for its Pearls and Biryani, has added another feather in its cap. India’s only Bank Tech Museum was formally inaugurated on April 28th, 2016 in Hyderabad, Telangana.

          At present, the BankTech Museum is housed in IDBRT campus, located at ‘Institute for Development and Research in Banking Technology’, Castle Hills, Road No.1, Near NMDC, Masab Tank, Hyderabad-57.

          The main aim of BankTech Museum is to depict the changes in the Banking sector in the last few decades. The incredible journey of Banking Technology in India is told well at BANKTECH MUSEUM .

          The depiction is not limited to India, but draws inspiration from around the world.
          The BankTech Museum  was inaugurated by Dr. A. S. Ramasastri, Director, IDRBT, Hyderabad.

          The Genesis of IDBRT can be read here.

          BANKTECH MUSEUM not only throws light on the past, but also throws light on the future.

          The ‘Looking Forward’, section showcases the future of Financial Technology in India.
          The present BankTech Museum covers Banking Technology through six segments:

Segment No 1: Game Changers
This section showcases the pioneers right from Ada Lovelace to Tim Berners-Lee who revolutionized the world of science and technology through their contributions. The section presents in brief their key contributions, beginning with the invention of the first computer programme.

Segment No 2: Front Runners
A collage displaying 21 renowned innovators brings together path-breaking innovators in the field of computer science. The collage includes Charles Babbage (the father of computer), John von Neumann (pioneer of quantum mechanics), Donald Knuth (father of the analysis of algorithms), etc.

Segment No 3: Experience Centre
The Experience Centre takes you through the evolution of banking technology over the decades and the Banking Technologies coming next through the following sections:
Banking Technology – presents the evolution of banking technology since the days of mechanization in the 1960s.

Payment Systems – presents the journey of payment systems starting with coins, paper currency till the present day IMPS.

Delivery Channels – presents the progress of delivery channels such as ATMs, credit & debit cards, internet and mobile banking and the advent of digital wallets, video banking, social banking, etc.

RBI & IT – presents the pioneering efforts made by RBI in enabling use of Technology in the Indian Banking and Financial System

Future Banking – provides a peek into banking technologies of tomorrow such as omni channels, wearables, virtual currency, gamification, and augmented reality.

IDRBT Initiatives – presents the initiatives taken by IDRBT to make Banking Technology happen in India.

Segment No 4 : Looking Forward
This section showcases futuristic banking technologies such as digital cash solutions.

Segment No 5 : Knowledge Corner
The Knowledge Corner is a treasure trove of decade-wide collection of books on technology since the 1900s.

Segment No 6 :Activity Centre
This centre is a vintage collection of exhibits which captures the evolution of computing and storage devices, communication systems and cryptography. It displays tools and devices such as Facit Machine, Metal Slide Ruler, TI Calculator, Abacus, Punch Cards, Transmitters, Morse Code Telegraph Key, Decoders and Ciphers.

So next time, when you visit Hyderabad do drop in at BankTech Museum