Technology in banking while underscored by its importance as an enabler is fast evolving to a catalyst in redefining the banking landscape. As knowledge partners for ‘The Economic Times Banking Technology Conclave 2012’, KPMG in India has prepared a thorough paper, which provides critical insights into the banking industry. The paper, examines if banks are getting a ‘true’ return for their technology investments. It evaluates ideas from various sectors, adoption of which can benefit the banks in many ways and assesses the direction in which AML and related compliance initiatives are headed. It also highlights the importance of HR tools in capturing and leveraging the knowledge created over the decades.