Mindset of Successful Professionals in 40+ category turning into founders – Part 1

We are increasingly seeing successful professionals in CXO positions turning into entrepreneurs in their 40s. Inherently, their mindset is different from younger entrepreneurs due to their experience as salaried employee as well as age. Based on my own experience and that of my friends, summarizing my insights on their mindset: They are focused on building…

Why legacy businesses find it difficult to derive value from digital?

Fintechs have shown the path of digital innovations across payments, lending, wealth, insurance etc. As their business model is almost 100% focused on digital innovations (even if overall business may be pure digital or phy-gital), they are able to leverage the innovations to create top line as well as bottomline (may be bleeding initially). Legacy…

Lending Fintechs : Aadhaar KYC challenges / Privacy issues / Tight Liquidity : What next?

In last one year, massive amount of funding has been provided to Lending Fintechs in India across Retail and SME segments. I believe more than 100 new fintechs would have started in last 12 months in these segments. In addition, Leading Payment Fintechs have also moved their business model to lending as there is not…

Insourcing of Technology: Banks are getting it right

Technology is moving fast from “cost center” to “business / value center” In my article “Key Fintech Trends of 2018”, I had predicted that banks will start moving away from outsourcing of technology and will insource key areas like customer onboarding, omnichannel platform, analytics etc. This has started happening across leading banks in India as well…

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