Cisco is seeing a jump in demand by Indian banks since the demonetization move, which propelled it to open its first global digital experience center in India.
Earlier, Indian banks had to travel to its innovation centers, mostly to US, to understand technologies. Digital solutions are on top of the mind even for state-run lenders, who need solutions on a variety of aspects. This is the prime reason for the thought of expansion.
The company has nine innovation centers globally, at places like San Jose, London, Tokyo, and Berlin, but this is a global first where it has launched a dedicated digital experience center targeted at the banking, insurance, and financial services sector.